JAB Holdings hopes to raise around €2bn from the Amsterdam listing of its JDE Peet’s coffee business, going ahead with Europe’s largest IPO in 2020, despite the uncertainty caused in the markets by coronavirus. Citing people familiar with the matter, the FT reported that JAB is expected to announce the potential IPO of the world’s largest pure-play coffee company and biggest competitor to Nestlé (The Financial Times £).
An agreement on fisheries between the UK and EU has become a “mission impossible” to reach a potential Brexit deal ahead of December, writes The Telegraph, with British fishermen entering the eye of the storm. David Frost, Britain’s top Brexit official, said the EU continued to insist on a fisheries arrangement granting access to UK fishing waters (The Telegraph).
Can M&S fast fashion a future after lockdown? Asks the Telegraph, as the chain which was struggling ahead of the coronavirus pandemic risks going under. Analysts however, believe the crisis will help M&S sharpen its focus (The Telegraph).
Brits have been urged by farmers to eat more berries as cancellation of key events such as Wimbledon risks causing a slump on demand just as farmers gear up for picking season (The Financial Times £).
Meanwhile, restaurant grade gourmet potatoes - usually destined to high end restaurants - are going on sale in Tesco this to ease some of the glut caused by the pandemic and avoid them going to waste (The Guardian).
“Fake meat” producers enjoyed strong sales during the coronavirus pandemic, with data from Kantar showing sales were up as much as 25%. Sales of alternatives to milk such as oat and soya-based products were up 28.3%, the research business said. (The Times).
After witnessing a surge in online sales, winemakers are planning their future to replace lost revenues from tours and sales to the hospitality sector. Among some of the plans, winemakers are hoping to host wine tasting sessions remotely or virtual vineyard tours (Sky News).
John Lewis said sales of holiday items such as paddling pools, water slides, sandpits, picnic rugs and deckchairs have soared, as British households prepare for a summer without foreign getaways (The Telegraph).
No comments yet