M&A – Page 67
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Analysis & Features
Pret a Manger takeover: what the £1.5bn JAB deal means
MCA executive director and ex-Pret senior operations manager Simon Stenning explains how JAB’s acquisition will affect the UK food-to-go chain
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News
Gressingham Foods buys Yorkshire Game in administration rescue deal
Wild meat producer Yorkshire Game has been bought by Gressingham Game after entering administration, saving 23 jobs
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News
Pret a Manger readies US push after £1.5bn JAB deal
The deal will see JAB assume control of Pret after a decade of ownership by private equity group Bridgepoint
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News
Tayto affiliate rescues Uvenco companies from administration saving 169 jobs
Three food and drink vending machine firms, which are subsidiaries of listed company Uvenco, have been rescued from administration saving 169 jobs.
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Comment & Opinion
Ocado and Flipkart deals prove Kroger and Walmart are serious about online grocery
It’s brilliant for the two US giants to prove there is a serious business case for online grocery, says Eagle Eye’s Tim Mason
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News
Crisp-maker Tayto acquires second popcorn company Pop Notch
Northern Ireland-based crisp manufacturer Tayto Group has acquired Northern Irish popcorn company Pop Notch Ltd’s assets including its trade mark, brand name and machinery
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News
UK pet retailer snapped up by private equity buyer
The UK’s second largest pet retailer Jollyes Retail Group has been acquired in an MBO backed by mid-market private equity firm Kester Capital
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Comment & Opinion
Heineken-Beavertown might be hard for craft beer fans to swallow, but it makes sense
You can almost taste the salty tears of Britain’s craft beer elitists
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News
Sainsbury's-Asda supplier threat 'critical' to CMA probe
MP also reveals letter from Mike Coupe predicting senior management departures
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News
City snapshot: Pret A Manger sold for £1.5bn to JAB
Krispy Kreme owner JAB will acquire sandwich chain Pret a Manger from majority owner Bridgepoint and other minority shareholders for an undisclosed sum thought to be around £1.5bn. Plus all the rest of the latest news from the City.
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News
Kroger follows Ocado deal with Home Chef acquisition
Kroger said the deal will “significantly accelerate availability of meal kits” in the US
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News
City snapshot: Pernod Ricard signs whisky JV in Myanmar
French spirits group Pernod Ricard has signed a joint venture with Myanmar-based Yoma Strategic to become the first global drinks group to enter the country. Plus, Australian retial group Wesfarmers cuts its losses in the UK and all the rest of the latest news from the City.
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News
John Menzies upbeat despite distribution arm sale delay
Menzies said it remained fully engaged with a number of potential buyers
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News
City snapshot: International investment in UK food and drink on the rise
Overseas-owned companies make up almost half of UK food and drink sales, according to study by law firm EMW. Plus, UK food and drink investment surges to mitigate Brexit finds BDO, two new non-exec directors at M&S and all the rest of the latest news from the City.
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Comment & Opinion
Sainsbury's-Asda must heed the lessons of Tesco
Tesco’s tarnished corporate image was one of the reasons it became the primary victim of the rise of the discounters, argues John Buchanan of HW Fisher & Company
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News
Ocado silences doubters with Kroger deal in US
Its agreement with US grocery giant Kroger, which boasts annual sales of $122bn, sent shares into the stratosphere
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News
City snapshot: CMA opens Sainsbury’s/Asda investigation
The UK Competition and Markets Authority has opened its investigation into the Sainsbury’s/Asda retail mega-deal, asking interested parties to submit their initial views by 4 June. Plus, KP Snacks owner Intersnack has struck a cut-price deal to buy struggling Tyrrells, C&C Group to split Matthew Clarke and Bibendum and all the rest of the latest news from the City.
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News
Intersnack strikes cut-price deal to buy struggling Tyrrells
KP Snacks owner Intersnack has struck a cut-price deal to buy Tyrrells and attempt to restore the brand to growth after a “phenomenal reduction in performance” under US ownership.
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Comment & Opinion
Ocado ends with a lot of zeroes now
The online supermarket is now worth more than Marks & Spencer’s and deserves to be considered among the UK’s greatest technology companies
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News
KP owner Intersnack buys Tyrrells
The owners of KP Snacks Intersnack has announced it has agreed to acquire Tyrrells from The Hershey Company