Archive of all news articles – Page 448
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Former Metcalfe’s CEO launches investment firm to grow UK brands in the US
It plans to acquire a string of healthier fmcg brands in the UK and scale them across the Atlantic.
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England captain Harry Kane invests in ‘phenomenal’ Bio & Me
Kane said he had been wowed by the brand’s “phenomenal” growth trajectory
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Imperial becomes first tobacco giant to suspend Russian operations
The company has halted production at its factory in Volgograd
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City snapshot: John Lewis restores staff bonus on profits rebound
The John Lewis Partnership has restored its staff bonus as a strong rebound in sales at both John Lewis and Waitrose boosted profits.
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Media Bites 10 March: Russia/Ukraine, cost-of-living crisis, Unilever
The main focus in the papers today is the ongoing exodus of Western brands from Russia, with those refusing to stop operations facing increasing pressure.
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Families humiliated at tills as IT chaos blights Healthy Start scheme
Campaigners are calling for urgent intervention from health secretary Sajid Javid
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Oatly losses balloon as it puts growth ahead of profits
Losses at plant-based milk brand Oatly have ballooned as costs spiralled, inflation squeezed margins and it ploughed more money into growing production capacity to meet rising demand.
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Conference to explore future of probiotics in food sector
The three-day event will bring together experts and leaders from across academia, industry and regulators
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Latvian Stolichnaya Vodka rebrands as ‘Stoli’ to distance itself from Russia
The brand said ‘the name no longer represents our organisation’
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Lindt suspends Russian business – as it heralds ‘remarkable’ UK growth
Swiss chocolatier Lindt & Sprüngli has bounced back from the pandemic with double-digit growth last year
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Getir evaluating investment linked to ‘Putin crony’
Getir raised $550 million in a Series D investment round from several backers in June, among them Moscow-based Winter Capita
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UK-Australia trade deal unlikely to affect food prices or supply, MPs told
Concerns about agreement were overshadowed by the impact of the Russian invasion of Ukraine
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CBD brand Puresport relaunches as ‘all-encompassing’ wellness brand
Puresport said it was ‘looking to cement its position in the health and wellness sector and empower UK consumers to take their health and wellbeing into their own hands’
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One Stop changes store layouts to prepare for upcoming HFSS restrictions
One Stop has also been working with suppliers to understand product reformulation
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2 Sisters warns of ‘hyper-inflation’ with input costs already up 50%
The poultry giant is warning war between Ukraine and Russia will drive food prices up even further over the coming weeks
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Aldi to remove disposable barbecues from sale in all stores
The move is designed to protect forests and wildlife and will also eliminate 35 tonnes of single-use packaging a year, according to the discounter
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Iceland ‘Flexitebruary’ trademark hints at plans to spin out January’s plant-based boom
Veganuary organisers have welcomed the idea of a flexitarian-themed February as ‘brilliant’
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Plenish undergoes ‘premium’ rebrand in bid to drive category growth
The new branding leant into a ‘rich, indulgent, lifestyle-focused aesthetic’, said Plenish
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Heineken ceases production in Russia
“Heineken will no longer accept any net financial benefit derived from our Russian operations”
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Little Moons sells stake to US PE firm L Catterton
The terms of the deal for the significant minority shareholding were not disclosed but are understood to value the business at much higher than £100m, according to sources in the City