All The Grocer articles in 27 February 2021 – Page 9
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NewsMedia Bites 2 Feb: Marston’s, whisky, Amazon
Marston’s has rejected a £693m offer from the Beverly Hills-based private equity group Platinum Equity on the basis that it “significantly undervalues” the business.
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NewsCity snapshot: Gusbourne DTC sales soar during lockdown
Revenues at English sparkling wine producer Gusbourne have fizzed higher as drinkers ordered more from the company’s own website during lockdowns. Plus, Coca-Cola European Partners received clearance from Australian competiton watchdogs for its acquisition of Coca-Cola Amatil.
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NewsSpirit sales in North America uplift Diageo despite closure of pubs
The maker of Johnnie Walker and Guinness surprised the market on Thursday by reporting a 1% rise in organic net sales
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NewsReckitt venture arm invests £4m in Indian male grooming player
Reckitt Benckiser’s venture division has led a £4m funding round in Indian-based Bombay Shaving Company.
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NewsPepsiCo and Beyond Meat launch ‘win-win’ Planet Partnership joint venture
The move will also see the consumer goods giant launch a new range of sustainable, ethical products
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NewsPots & Co lines up US expansion with General Mills cash
The investment arm of General Mills, 301 Inc, has invested an initial £5m into Pots & Co to help fund its US and range expansion
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Comment and OpinionWhy we need to ban unhealthy food ads on social media
An end to online advertising of unhealthy food would be a world-leading protective measure for young people’s health and wellbeing, says Dr Kawther Hashem, campaign lead at Action on Sugar
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NewsCity Snapshot: Pots & Co receives £15m boost from General Mills’ venture arm
Posh pudding brand Pots & Co is eyeing a scale-up of its US operations and expansion of its savoury ranges after receiving multimillion-pound backing from the venture capital arm of food giant General Mills.
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NewsMedia Bites 29 Jan: Diageo, Lidl, Mondelez
A tequila boom in the US drove up sales at Diageo, helping the world’s largest distiller defy expectations of falling revenues
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NewsLidl reports £13.6m annual loss in first separate accounts for GB business
The loss after tax came as Lidl GB invested £654m in growing the business in the year ending 29 February 2020, the newly filed full-year accounts reveal
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NewsCity snapshot: US growth boosts Diageo despite pandemic hit to travel sales
Global spirits giant Diageo has shrugged off the closure of pubs and bars across the world and a slump in travel retail to post a rise in organic sales. Plus trading updates from Fever-Tree, Britvic, Tate & Lyle and all the rest of the latest news from the City.
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NewsMedia Bites 28 January: Valeo, Poundland, Imperial Brands, Boots
Valeo has reportedly appointed Goldman Sachs to launch an auction that could fetch more than £1.5bn and cement its status as one of Europe’s biggest privately owned food producers.
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NewsSquare Root to launch £350k crowdfunding drive
It will offer up 7.2% of its equity, giving the business a pre-money valuation of £4.5m
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NewsPoundland reports sales growth boosted by new ranges and price points
The growth in the first-quarter to December came despite ’significantly reduced footfall’
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NewsWalgreen Boots Alliance appoints Roz Brewer CEO
Brewer succeeds Stefano Pessina, who is stepping down after six years to become WBA’s executive chairman
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NewsFuel10k partners with FareShare for half a million porridge pots donation
The tie-up will see the brand donate one porridge pot for every one sold in retail and online
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NewsHippeas closes $50m funding round
The money from The Craftory will be used to increase production capacity, boost distribution and continue with product innovation, as well as bolstering the business’ sustainability credentials.
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NewsMedia Bites 27 Jan: PespiCo/Beyond Meat, Greencore, PZ Cussons
Pepsico is to take a step beyond fizzy drinks and snacks into the plant-based meat sector after signing a joint venture with Beyond Meat
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NewsCity snapshot: Shop prices tumble as lockdown drags on
Shop prices have fallen by 2.2% this month as retailers desperately tried to entice consumers to spend money online as lockdown restrictions continued, according to the latest shop price index by the British Retail Consortium and Nielsen.
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NewsPepsiCo creates plant-based joint venture with beyond Meat
PepsiCo has teamed with Beyond Meat to take advantage of the booming meat alternatives market and develop a host of new plant-based snacks and drinks.