Latest Headlines – Page 555
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NewsWeezy shuts five dark stores to stem losses as sales fall
Five of Weezy’s 22 dark stores in the UK have ceased operations, while two distribution hubs have been consolidated into a single site
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NewsVegan brand Gold&Green launches ‘game-changing’ protein ingredients duo
The ‘incredibly versatile’ ingredients could be used in sandwiches, ready meals, bakery products and more, said Gold&Green
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NewsUnilever offloads global tea business to CVC in €4.5bn deal
The European private equity firm saw off competition from rival investment houses Advent and Carlyle in an auction that concluded yesterday afternoon. Unite called for urgent talks with Unilver about the sale.
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NewsUFit seeking funding for expansion plans
The process is still in its early stages, with advisors at Stamford Partners having sent out a teaser document to a range of potential buyers and investors
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NewsJBS to build lab-grown meat research centre after buying Spanish startup
The Brazilian meat giant is spending $100m on the venture, with the aim of products hitting the market by 2024
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NewsWall’s Pastry adds pair of vegan microwaveable slices to lineup
The duo would offer “a modern twist on the brand’s iconic product range of sausage rolls and other savoury pastries”, said the brand
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NewsWilko gets a brand refresh across own-label ranges
The result is a more consistent design across 15,000 SKU
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NewsDiscounter Mere struggling to find enough products and buyers
The opening of the Russian discounter’s second and third UK stores, originally expected this year, has been delayed to next March
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NewsLyre’s valued at £270m in largest funding round for the alcohol-free brand
Alcohol-free spirits brand Lyre’s has closed its largest funding round to date as investors and consumers continue to drive a boom in the low & no drinks category
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NewsHiggidy hires Wahaca marketing boss and launches first ad campaign
Sarah Jackson has joined the upmarket pie maker as marketing director
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NewsFearne & Rosie kicks off £250,000 raise
It will deploy the money in raising brand awareness, in-store activation and bringing new talent to the startup.
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NewsMedia Bites 19 November: Unilever, Walkers, Naked Wines, M&S
Unilever’s tea sell-off is in focus in the papers this morning, alongside an ongoing crisp shortage and a new partnership for M&S and Costa.
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NewsCity Snapshot: Unilever sells global tea business to CVC Capital Partners for €4.5bn
Unilever’s tea business, Ekaterra, is home to a portfolio of 34 brands, including PG Tips, Lipton and Pukka.
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NewsAF Blakemore sales rise by 12% in first quarter following disrupted year of trade
The wholesaler cited its £2.4m investment into pricing as a key reason for holding onto customers gained over the pandemic
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NewsTesco aims for plastic reduction with new refillable cleaning products line
The supermarket said it hoped the refillable sprays and concentrates would change the way people bought cleaning product
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NewsBritish Land repurposing retail park space as part of £600m urban logistics development plan
The property company sees additional value in retail parks because features such as ease of access by vehicle make them well-suited to repurposing to meet growing online demand
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NewsWorld of Private Label trade show in Amsterdam cancelled
Organisers PLMA have pulled the show, scheduled for 14-15 December, amid tightening Covid restrictions in The Netherlands
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NewsPasta prices leap as durum shortage impacts producers
Exclusive data reveals prices have risen across most major supermarkets
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NewsIrish beef exports to Britain slumped in first half of 2021
Irish government data showed volume sales fell 19% in H1, though they were now rebounding
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NewsM&S Food to supply Costa Coffee stores from next year
More than 2,500 Costa outlets will sell around 30 M&S products