Latest Headlines – Page 641
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NewsMedia Bites 11 June: Morrisons, Brewdog, National Lottery
Morrisons has suffered one of the biggest shareholder revolts over pay in British corporate history
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NewsBrewDog boss vows to take action following staff ‘culture of fear’ claims
BrewDog co-founder James Watt apologised and promised to act after former employees wrote a scathing open letter
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NewsDr Will’s smashes £400k crowdfunding round as it eyes further supermarket growth
Founded by Dr Will Breakey, Liam White and Josh Rose in 2015 to reduce the sugar in table sauces such as ketchup, mayo and BBQ, Dr Will’s is stocked by the likes of Tesco, Waitrose, Holland & Barrett and Ocado, as well as Selfridges and Harvey Nichols.
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NewsHeura scores €70m valuation with backing from Chris Smalling and the crowd
Heura, which launched in the UK with a meat-free burger late last year, hit its initial €1m target on the Crowdcube platform and overfunded to €4m in less than 24 hours, with 3,007 investors backing the business.
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NewsLosses continue to mount at beleaguered Thorntons
Revenues fell 15% to £103.7m for the year ended 31 August 2020, with pre-tax losses widening to £37.7m.
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NewsAsda claims a rebound is underway after revealing big profits slump
Operating profit slumped by almost 16.7% last year to £486.5m thanks to Covid-related costs
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NewsMorrisons shareholders vote against payout for David Potts
The vote came after a rebellion by investor advisory groups, who recommended shareholders vote against the report, including a whopping £1.7m bonus for the CEO
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NewsMolson Coors back Three Fold hard seltzer into the off-trade with £5m investment
This was the biggest brand investment Molson Coors had ever made into a new category in the UK, it said
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NewsMorrisons defends record on obesity after shareholder revolt
ShareAction has written to Morrisons chairman Andy Higginson ahead of today’s AGM
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NewsGuild of Fine Food calls for government recognition of independents
Specialist food will help revitalise high streets if the government gives incentives for landlords, the body claims
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NewsOne Below aiming for 90 stores by the end of 2021
The business has already grown from about 60 stores before the pandemic to 75 now as retail vacancy rates provide expansion opportunities
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NewsOcean Fish aims to net Brits with GB-caught Hook, Line & Sinker fish brand
The Cornish fishing and processing company said it hopes to reduce the distance between net and plate
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NewsTuk In Foods unveils duo of healthy curry pots in collaboration with Co-op
The lentil and quinoa-based meal pots are a ‘wholesome option for food-to-go customers’, said Tuk In Foods
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NewsVAT dispute set to further delay DRS rollout, warn drinks bosses
Circularity Scotland is fighting an HMRC ruling that VAT should be applicable to deposits paid under the scheme
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NewsSales at Bidfood affected by coronavirus-hit final three months of financial year
According to results filed this week, turnover had been outperforming the previous year up until the start of the pandemic
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NewsUnilever claims world-first with paper-based laundry bottle
A prototype has been developed and will be available in Brazil next year, with a wider rollout on the cards
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NewsRussian discounter Mere aiming for 300 UK stores in 10 years
The hard discounter, which claims it will undercut Lidl and Aldi by 20%-30%, is determined to scale its UK presence
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NewsSewell On The Go rolls out compostable carrier bags in sustainability drive
The introduction of the compostable bags forms part of the retailer’s new ‘Going Green’ initiative
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NewsPlayIn Choc beats £250k crowdfunding target to scale up ethical brand
Launched in 2018 by husband-and-wife team Maya and Dominic Simler, PlayIn Choc already exports to 30 countries and has listings with 25 distributors, as well as Ocado. It is also in early conversations with the mults in the UK and other retailers overseas.
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NewsMedia Bites 10 June: SSP Group, Morrisons, Oatly
On a quiet day for retail and F&B news, the papers focus on the Covid-related losses of Upper Crust owner SSP Group.