Archive of all news articles – Page 345
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Media Bites 21 Sep: Holland & Barrett, Haleon, Sainsbury’s
The owner of Holland & Barrett is plotting to buy back nearly £900m of debt as part of a restructuring aimed at restoring it to a stable financial footing
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City snapshot: Shoppers pull back supermarket spending to tackle cost-of-living crisis
Shoppers reined in spending at supermarkets following the end of the summer holidays, according to new research this morning. Plus, LXi REIT confirms talks with Sainsbury’s over £500m sale-and-leaseback deal, Tesco makes new board appointment, and full-year results from Supermarket Income REIT and Egale Eye Solutions.
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Plant-based meal kit brand Grubby seeking £3m from the crowd
The startup said it had achieved 19% month-on-month revenue growth this year
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Tesco-backed checkout-free partner Trigo launches inventory management tech
The Israel-based computer vision company has revealed it is developing a system called EasyStock
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Sales of marmalade and Dubonnet rise in Queen’s funeral week
It comes after Royal Parks issued a statement discouraging mourners from leaving out marmalade sandwiches in tribute to Her Majesty
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Merchant Gourmet adds Snacking Chestnuts and stuffing
The launches come ahead of the festive period, which was ‘a key moment for chestnut sales in the UK’, said Merchant Gourmet
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Waitrose launches major brand refresh pushing quality and sourcing credentials
Last week Waitrose reported in the six months to July, customer numbers increased by 6%, but its like-for-like sales fell by 5% to £3.6bn
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Meatless Farm launches chipolatas and chickenless roast for Christmas
The roast is designed to ‘rival the more traditional meat-based Sunday lunch’ and is ready in 35 minutes
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Tony’s Chocolonely slashes chocolate bar prices in bid to broaden appeal
The brand’s UK boss Ben Greensmith told The Grocer the move represented an “investment” into consumers
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Premium olive oil supplier Citizens of Soil to make debut in retail
It is understood to be in talks with a major retailer after raising £300k from angel investors earlier this year
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City snapshot: Haleon posts strong first half sales and profit growth after demerger
Former GSK consumer arm Haleon has posted double-digit growth in its first financial results as a listed company, although it expects growth to slow in the second half
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Media Bites 20 September: mini-Budget, McVitie’s, Ben & Jerry’s, Naked Wines
There’s plenty of retail news to catch up on from the weekend’s papers.
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City News: Naked Wines shares hit after unscheduled business update
Naked Wines has seen its shares tank this week after shocking the market with suggestions it would need to shift strategy to deal with falling consumer demand and rising costs
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Aldi taking sales from Lidl as inflation piles pressure on retailers and shoppers
Some £8.1m of spend switched from Lidl to Aldi in the 12 weeks to 4 September
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Rice markets rocked by South Asian floods and export curbs
The UK is likely to escape the worst of any supply logjam as basmati is unaffected
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Cinnamon Kitchen launches restaurant-inspired Indian dishes into Tesco
The range was intended to offer ‘an accessible option for enjoying restaurant-quality food at home’
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Former Alpro boss Sue Garfitt joins The Protein Brewery as CEO
Sue Garfitt has been chosen to lead the next stage of the company’s development as it prepares to go to market
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Plant-based brand This launches first beef alternatives
The brand has unveiled its first burger and mince SKUs
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City snapshot: UK retail sales slump as consumers cut back spending
UK retail sales volumes slumped by 1.6% in August 2022, continuing a downward trend since summer 2021 as inflation and economic uncertainty hits consumer spending
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Media Bites 16 Sep: John Lewis Partnership, THG, Hilton Food Group
John Lewis needs a Christmas miracle to pay staff annual bonus after the department store racks up near £100m half-year loss