All articles by Alec Mattinson – Page 15
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NewsSupreme acquires sports nutrition supplier FoodIQ UK from administration
Listed consumer goods group Supreme has acquired plant-based supplier FoodIQ UK from administration for £175k to broaden its portfolio
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NewsCity snapshot: UK retail footfall weakens in damp December
Wet weather and the cost of living crisis combined to drive a sharp reduction in UK retail footfall over the Christmas period. Plus Asda to price match the discounters and Supreme buys FoodIQ UK from administration
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NewsMedia Bites 5 January: PepsiCo/Carrefour, Boots, UK farming
French food retailer Carrefour has said it will no longer sell PepsiCo products because they have become too expensive
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NewsSugaRich acquires Sweetdreams to expand into confectionery
Food reprocessor SugaRich has announced the acquisition of Choc Nibbles manufacturer Sweetdreams to expand its offering into confectionery manufacturing
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NewsPremium spirit sales forecast to come under pressure in 2024
Consumers are likely to trade down into cheaper alcohol in 2024 to add further pressure to premium drinks brands, according to Bloomberg Intelligence
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NewsCity snapshot: Next sees bumper Christmas sales to kick off the festive reporting season
Next has kicked off the Christmas reporting season by upgrading its profit guidance after full-price sales had been “better than anticipated” during the festive period
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NewsMackie’s sales jump 17% but rising costs hit profits
Premium ice cream player Mackie’s saw its sales jump 17% in its most recent financial year, but profits fell back as it absorbed sharply higher costs rather than pass them on to consumers
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NewsMedia Bites 4 January: Christmas grocery spend, retail crime, UK economy
Supermarket inflation fell at its fastest monthly rate on record in December as household spending on groceries rose to a new high
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NewsMedia Bites 3 January: Aldi/Lidl, M&S, Tesco
Aldi and Lidl, the discount supermarkets, have enjoyed record Christmas trading amid the cost of living crisis, with Friday December 22 was the busiest trading day ever for both discounters
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NewsHackney Gelato nets £1.3m funding boost to fuel global growth
The premium UK ice cream brand has secured a £1.3m investment to scale up production to meet surging global demand for upmarket gelato
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NewsCity snapshot: Unilever sells Elida Beauty brands to US private equity firm
Unilever has agreed to sell its Elida Beauty business to US private equity player Yellow Wood Partners
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NewsMedia Bites 18 December: Morrisons, Farming, UK retail
The new boss of Morrisons, the troubled supermarket chain, has laid down the gauntlet to staff
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NewsCity News: Pepco Group posts ‘record’ revenues but profits take a hit
European discount retail group and Poundland owner Pepco Group posted “record” revenues last year, but shares have fallen back on a sharp drop in profitability and a slowing of sales
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NewsPeriod pad pioneer Planera smashes £600k fundraising target
The maker of UK’s first fully certified flushable sanitary pad has raised over £730k to increase production and ready the brand for a retail launch
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NewsChristmas deadline set to find buyer for collapsed VBites
Administrators are racing to find a new buyer for Heather Mills’ vegan brand VBites before a Christmas deadline following its collapse into administration
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NewsCity snapshot: Consumer confidence edges upwards ahead of Christmas
Consumer confidence rose again in December as lowering inflation underpins more confidence in the UK’s economic prospects for 2024
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NewsCity Snapshot: SSP Group increases global footprint with Canada acquisition
SSP Group has announced a further expansion in its geographic reach with a deal to acquire a Canadian food airport operator and will also open further units in Saudi Arabia
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NewsCity snapshot: Distribution group NWF sees first half slowdown as commodity prices ease
Food, feed and fuel specialist distributor NWF Group is on target to hit full year expectations despite a “more challenging” first half as pricing eased
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NewsMedia Bites 13 December: Boots, Unilever, Sainsbury’s
Walgreens Boots Alliance is reviving discussions on a potential exit from its UK pharmacy chain Boots nearly 18 months after a sale process was scrapped
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NewsNewlat confirms Princes talks as process reaches ‘advanced’ stage
Italian food group Newlat has confirmed it is one of the parties vying to acquire canned food giant Princes