All The Grocer articles in 27 February 2021 – Page 12
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News
Lindt sales slump as Covid lockdown hits Christmas trading
Group revenues slumped 6.1% to CHF 4bn (£3.3bn) in 2020 as a result of lockdown restrictions across the world and a fall in out-of-home consumption. The fall was in line with guidance the Swiss chocolatier gave at the half year, with expected declines between -5% and -7%.
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News
Aldi raises minimum hourly pay to £9.55 nationally and £11.07 in London
All Aldi’s 30,000 store assistants are to benefit from the new pay rate, which exceeds the Living Wage Foundation’s recommended ‘real living wage’
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News
Tribal Sports Nutrition secures £420k in crowdfunding campaign
Challenger nutrition brand Tribal Sports Nutrition has raised more £420k from the crowd to bring new products to market and raise brand awareness.
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News
City snapshot: Premier Foods profits jump as branded sales continue to surge
Premier Foods has upgraded its full year profit expectations as consumer demand for its branded goods continues to boom. Plus, Hotel Chocolat posts double-digit Christmas growth despite COVID and all the rest of the latest news from the City.
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News
Media Bites 19 January: Covid, prompt payment, Danone
Supermarkets face increased inspections from local councils to make sure they are Covid-19 secure amid a push from the government to clamp down further on coronavirus transmission.
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Comment and Opinion
Boots sales have improved but the chemist is beset by challenges. These are the biggest
Following a dismal performance during the UK’s first lockdown last year, Boots’ latest trading update shows improvement - but there are challenges ahead
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News
Mission Ventures fund backs Jim Jams with £200k investment
Mission Ventures’ Good Food Fund has backed spreads start-up Jim Jams with a £200,000 investment to help scale the business.
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News
Soaring rent debt will lead to ‘ghost high streets’ without more support, warns BRC
BRC property policy advisor Dominic Curran was commenting on the latest rent payment data, which showed retail’s debt had reached £2.2bn by the end of 2020
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News
CleanCo raises glass to £7m investment as nolo category booms
It takes the total investment secured by the company founded by Made in Chelsea star Spencer Matthews to £9.1m since it launched in 2019.
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News
City snapshot: Deliveroo valuation surges to $7bn as it eyes IPO
Food delivery service Deliveroo has raised more than $180m (£133m) from its existing backers as it prepares for a potential stock market flotation.
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News
Media Bites: Salad shortage, Deliveroo, Supreme IPO
Spanish snow storm could lead to UK salad shortage and Deliveroo raises cash as it prepares for a stock market listing
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News
White Rabbit targets £300k from crowd to back range increase
The crowdfunding push, which follows a surge in demand during Veganuary, is set to go live on the Seedrs platform on 20 January
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News
City unconvinced by Tesco’s Christmas numbers as Booker struggles
The UK’s largest supermarket group announced like-for-like sales growth of 6.7% for the 13 weeks to 28 November 2020
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News
Supermarket prices rise as Covid and Brexit reignite inflation
Supermarket price inflation escalated to its highest level for five months in December as coronavirus restrictions and the UK’s imminent exit from the EU reversed deflationary trends in grocery.
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News
Tyrrells and Popchips acquisitions boost top line at KP Snacks
The addition of Tyrrells and Popchips to KP Snacks’ portfolio of brands has helped boost sales by more than 25%
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News
Hain Celestial sells Orchard House juice business to private equity firm Elaghmore
Hain Celestial has sold its Orchard House own label juice business to private equity firm Elaghmore as it continues to simplify its European portfolio.
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News
Retail’s rent debt tops £2bn after third quarter of government protections
Between March 2020 and the end of last year, retail’s debt climbed to £2.2bn, making up more than half commercial tenants’ total debt of £4.2bn
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News
City snapshot: Supermarket prices return to inflation amid new lockdowns and Brexit
Supermarket price inflation escalated to its highest level for five months in December as coronavirus restrictions and the UK’s imminent exit from the EU reversed deflationary trends in grocery.
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News
Media Bites 15 Jan: Tesco, ABF/Primark, Scottish seafood
A boom in online grocery shopping delivered £1bn of extra sales for Tesco over the holiday period as the supermarket group toasted a record Christmas
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News
Barilla snaps up DTC Pasta Evangelists
Italian food giant Barilla has snapped up direct-to-consumer business Pasta Evangelists to tap into booming e-commerce demand in the UK during the coronavirus pandemic.