Latest Headlines – Page 520
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NewsCity Snapshot: Pets at Home hires former Morrisons non-exec as new CEO
Pets at Home has appointed former Morrisons non-exec Lyssa McGowan as group CEO to replace the outgoing Peter Pritchard. Plus, THG shares continue to rise on PE takeover speculation.
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NewsMedia Bites 7 Feb: Tesco/inflation, THG, Unilever, Junk food legislation
The chairman of Britain’s biggest supermarket chain has warned that “the worst is yet to come” on food price inflation
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NewsFairy launches ‘upside-down’ Max Power washing-up liquids
The NPD also boasted an improved formula, which meant “four times less scrubbing” was required, Fairy claimed
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NewsCity News: Virgin Wines issues profits warning as it struggles with new customers and costs
Virgin Wines was the latest company to fall foul of soaring costs this week
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NewsRiverford Organic sees 45% sales spike due to lockdown DTC demand
Soaring demand for home delivery during the pandemic saw sales at upmarket veg box provider Riverford Organic spike by 45%, taking revenues past £100m
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NewsFood M&A activity in 2021 still down on pre-pandemic levels
UK food and drink M&A activity remained well below pre-pandemic levels last year despite a booming first quarter
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NewsPoundland to open biggest-ever store at 15,000 sq ft
The new store is about three times the size of an average Poundland and will employ 75 full or part-time staff
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NewsLow2NoBev: low & no-alcohol trade show moves to new venue for 2022
It will this year take place alongside The Big Hospitality Expo at London’s Olympia from 26-28 September.
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NewsElla’s Kitchen sales rise throughout and in wake of pandemic
Revenues at the brand rose 1.6% to £72.7m in the year ended 30 June 2021.
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NewsCheeky Panda seeks £3m from crowd ahead of IPO
The company, which makes toilet paper, kitchen roll, tissues and baby wipes from bamboo, will publicly launch its latest round on Seedrs on 14 February.
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NewsWholesaler Forrest pursues bigger global contracts thanks to £500k cash injection
Forest currently supplies to over 50 countries worldwide
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NewsAldi sees Veganuary plant-based sales soar 500%
The discounter has also reported a 250% increase in plant-based sales in 2021 compared with 2020
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NewsFormer Camden boss Keary is made MD at home brewer Pinter
The appointment marks Keary’s return to the beer market after leaving Camden in early 2021
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NewsImport controls on EU goods ‘not as chaotic as expected’, suggests survey
But smaller businesses ‘feel the pinch’ while food importers face biggest challenges
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NewsSpar enjoys ‘buoyant’ sales over Christmas
MD Louise Hoste put the performance down to “the location of stores, a well-stocked range and great availability”
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NewsCity snapshot: SSP Group sales recovery hit by Omicron
Travel food retail specialist SSP Group has reported a “good” start to its financial year, though its recovery in revenues was hit in December and January by the spread of the Omicron variant. Plus, Carlsberg 2021 revenues top pre-Covid sales, UK footfall remains supressed and all the rest of the latest news from the City.
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NewsJames Dorling joins the board at Wilko as development director
Wilko has promoted group property and procurement director James Dorling to the board
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NewsMedia Bites 4 February: Inflation, Cranswick, Waitrose, Compass, Amazon
The Bank of England has intensified the squeeze on household finances with its first back-to-back interest rate rise since 2004 as the central bank forecast inflation will increase to 7.25% in April.
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NewsGrowers predict further shortfalls of labour during 2022
Defra announced in December that SAWS would be extended until the end of 2024
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NewsMSC unveils revamped rules for its fishing standard
Among proposed changes to its Fisheries Standard are new requirements on shark finning and endangered species