All The Grocer articles in 29 August 2020 – Page 10
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News
McDonald’s global profits tumble amid lockdown hit
Profits have tumbled more than 50% at McDonald’s in the second quarter as the peak of lockdown measures took a toll on the fast-food chain.
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Greggs targets supermarket concessions for growth post-Covid
Greggs has now reopened the vast majority of sites, including four concessions in Asda superstores
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Feature Synopsis
Focus On Cold Brew: 5 September
Tea can be fruity, fizzy or fortified with ingredients purported to promote better health. Crucially, it’s cold
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Feature Synopsis
Focus On Hot Beverages: 5 September
Coffee shops may have shut down during Covid-19, but that didn’t stop Brits seeking out a serious caffeine hit
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Selfridges to cut 14% of workforce as coronavirus hits sales
The luxury retailer will make around 450 staff redundant in what group MD Anne Pitcher called the “toughest decision” it has ever had to make
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Walgreen Boots Alliance CEO Stefano Pessina to step down
Pessina will become executive chairman once a successor is found
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Wall’s launches Happy Rainbow ice cream in support of the NHS
The brand will donate 100% of its net profits from the ice cream to the NHS
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Poundland plans to build flats above its first-ever freehold store
Poundland bought the historic site in Elgin to pay for repairs itself after the council served a dangerous building notice
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City snapshot: Reckitt brands clean up amid coronavirus demand spike
Sales and profits have soared at Reckitt Benckiser in the first half as hygiene-conscious consumers flocked to buy its disinfectant brands during the Covid-19 outbreak. Plus, on a busy morning trading updates from Greencore, AG Barr, Greggs and B&M and all the rest of the latest news from the City.
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Media Bites 28 July: Amazon, Walgreens Boots, Online sales tax
Amazon is to offer free grocery delivery to millions of customers in a massive expansion of the company’s Fresh food network, throwing down the gauntlet to traditional supermarkets
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Bidfood parent back in profit ahead of Covid-19 outbreak
Bidfood parent company BFS Group has bounced back into the black in its latest financial year, positioning the foodservice wholesaler in a stronger position ahead of the coronavirus outbreak.
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Food and drink deals decline but activity still ‘surprisingly high’
UK food and drink dealmaking slumped in the second quarter, but the sector continued to see a “surprisingly high” level of activity given the economic disruption caused by the lockdown.
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Industry divided over plans to consult on alcohol calorie labelling
The Department for Health & Social Care revealed the move today as part of a wider strategy to combat obesity
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Halewood’s Vestal shifts into flavoured vodka with new duo
The pair are ‘based on traditional Polish fruit-based vodkas known as nalewka’
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Poundstretcher appoints new finance director as Hemant Patel leaves
Patel was finance director of both Poundstretcher and parent company Crown Crest Group
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Unilever sales resilience shows ‘true strength’ says Alan Jope
The first half showed “the true strength of Unilever” according to its CEO Alan Jope, as a surge in eating at home propelled the consumer giant above market expectations.
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City snapshot: Supermarket Income REIT buys £61m Tesco store
Grocery property investor Supermarket Income REIT has bought a £61m Tesco superstore and agreed a new £60m lending facility to support future acqusitions.
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Media Bites 27 July: Anti-obesity measures, UK economy, Walmart/Asda
Food manufacturers have attacked Boris Johnson’s proposed anti-obesity measures, arguing a key plank of reforms set to be unveiled next week will prove expensive, ineffective and stifle innovation.
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Nomadic Dairy adds Chocolate & Vanilla to Breakfast Bircher range
The launch coincides with a significant increase in distribution for Nomadic’s Yogurt and Oat Clusters in Tesco
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Holland & Barrett appoints VCCP to lead advertising strategy
The health food retailer awarded the account to VCCP following a pitch process that began in August last year