Archive of all news articles – Page 403
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Illycaffè sales rebound to pre-pandemic levels as out of home consumption returns
Italian coffee giant Illycaffè posted consolidated revenue for 2021 of €500m, a 17.4% increase compared to 2020
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Unilever shares soars as it hands activist investor Nelson Peltz board seat
Peltz will join the Persil, Dove and Magnum maker as non-executive director on 20 July, as well as taking a place on the group’s compensation committee.
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Shandy Shack closes second funding round as revenues accelerate towards £1m
The business will use the £235,000 raised from a group of angel investors to grow its team, including the recruitment of a brand manager joining from Graze in June, support listings with Sainsbury’s and to expand the direct-to-consumer operation.
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Peperami expands Chicken Bites lineup with new Roasted flavour
The NPD would appeal ‘to a wider demographic of shoppers looking for better-for-you snacks to incorporate into their daily diets’, said Peperami
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Italian supplier Seggiano adds loose pasta duo for refill stations
The products catered to the growing interest in refillables and ‘the renewed interest in less refined, easily digestible, ancient grains’, said Seggiano
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Oils specialist KTC acquired by private equity player Endless
Oils and canned produce specialist KTC Edibles has been acquired by UK private equity player Endless following a process first revealed by The Grocer
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Unilever snaps up hair loss supplements brand Nutrafol
Unilever has continued to expand its focus on the health and wellness category with the acquisition of US hair loss supplement maker Nutrafol.
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DRS u-turn: government accused of ‘betrayal’ over exclusion of glass bottles
The government is due to publish a consultation response on its final DRS plans in the next few days
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Asda to open affordable ‘Salt Bae’ inspired steak restaurant to show meat quality
Fifty diners will win the chance to eat at the Shoreditch pop-up restaurant and dine on Asda meat
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Paul Bennell elected as new vice president of Cold Chain Federation
Bennell has sat on the board of directors at the Cold Chain Federation since 2019
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Tesco announces winners of Dragons’ Den style eco accelerator programme
The Innovation Connections programme paired a raft of startups with long-term Tesco suppliers to trial green initiatives
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Karen Salters appointed group chair at SHS Group
SHS veteran Salters has worked for the WKD, Shloer and Bottlegreen owner for 27 years
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City snapshot: B&M names Alex Russo as new boss as sales fall back
B&M Bargains owner B&M European Value Retail has named current CFO and former Asda exec Alex Russo as CEO when current boss Simon Arora steps down as its annual results show an accelerating drop in sales. Plus, Unilever appoints activist investor Nelson Peltz to its board and all the rest of the latest news from the City.
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Media Bites 31 May: Inflation, Morrisons/McColl’s, Jus-Rol, National Lottery
The papers all have different takes on the effect of the cost of living crisis on supermarket value ranges.
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JJ Foodservice launches Advance Order service to expand fresh range for customers
The new marketplace-style concept allows customers to receive the freshest possible produce with shorter lead times
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Bel UK eyes plant-based growth with Mont Blanc-Materne acquisition
The Babybel and Boursin producer has acquired the fruit-based healthy snacking business as part of a drive to become more fruit and plant-based
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Entries open for The Grocer New Own-Label Awards 2022
This year’s competition will once again celebrate quality, diversity and innovation in own-brand grocery
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Cocos Organic launches new dairy-free yoghurt alternative fortified with BB-12
The brand claimed that the yoghurt alternative was the first in the UK to be fortified with Bifidobacterium BB-12
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Wonky food delivery service The Wonki Collective debuts in Wandsworth
The London-based direct-to-consumer service aims to deliver shoppers wonky and surplus food at affordable prices
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M&S selling 1kg packs of strawberries for Platinum Jubilee weekend
The new 1kg pack size saves consumers 25% on the price of a typical strawberry punnet