All articles by Ed Devlin
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News
City snapshot: Consumer confidence remains fragile ahead of spring budget
Consumer confidence has made a marginal improvement ahead of next week’s spring budget but there were no signs of any real recovery, according to a closely watched survey out this morning
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News
Unilever to sell The Vegetarian Butcher brand to Vivera
Unilever has agreed to sell The Vegetarian Butcher to Vivera for an undisclosed sum
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Analysis & Features
What a mega-merger would do for Bakkavor, Greencore and own label
Will Bakkavor founders sell to Greencore, what are the benefits of the proposed mega-merger - and would the CMA clear it?
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News
Inspired Pet Nutrition confident after transformative Butcher’s deal despite widening losses
Losses have widened at Inspired Pet Nutrition ahead of the transformative acquisition by the private equity-owned petfood group of Butcher’s Pet Care
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News
PepsiCo acquires gut health soda brand Poppi for $2bn
PepsiCo said the brand’s ‘consumer-first approach, cultural cache and nutritional profile’ had ‘nurtured a loyal fanbase and driven rapid growth’
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News
Cheesegeek sold in pre-pack administration deal as backer Steven Bartlett loses out
Artisan online cheesemonger Cheesegeek has been rescued from administration by the Albex Group, The Grocer can reveal. However, the pre-pack deal means Steven Bartlett and other backers, including the crowd, won’t see a return on their investment
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News
City snapshot: Eagle Eye confident of hitting £100m revenue goal
Eagle Eye is aiming to propel revenues towards £100m following a reset of the business to focus more on its software as a service operation
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News
Bakkavor rejects Greencore merger approach to create a £4bn food giant
Shares in Bakkavor have rocketed by 16.6% as the markets digested the news
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News
City snapshot: Economy shrinks unexpectedly ahead of spring Budget
The UK economy contracted unexpectedly in January, dealing Chancellor Rachel Reeves a blow ahead of the crucial spring budget later this month
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News
Food & drink deal activity bounces back to five-year high in 2024
Dealmakers are confident momentum in the food & drink M&A market is set to ramp up in 2025 after activity in the industry recovered to a five-year high in 2024
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News
Staff miss out on bonus as profits triple at John Lewis Partnership
Profits have tripled at the John Lewis Partnership as the retail group made ‘solid’ progress on its turnaround but staff still missed out on a bonus for the third year in a row
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News
Cérélia admits CMA defeat and sells Jus-Rol to private equity
London-based Rinkelberg Capital acquired the Jus-Rol business from the French bakery giant after numerous appeals by the group to overturn the CMA’s order to unwind the deal fell flat
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News
Valentine’s Day lifts food sales in February
Food sales received a Valentine’s Day boost in February but growth remained muted and volumes declined, according to new data released this morning
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News
Media Bites 10 March: Boots, John Lewis Partnership, Asda, WH Smith, EG Group
The headlines and column inches in this weekend’s papers are dominated by the fallout from the takeover agreement of Walgreens Boots Alliance and what it means for the UK pharmacy chain Boots
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News
City snapshot: Deliveroo to exit lossmaking Hong Kong business
Deliveroo is planning to exit its lossmaking Hong Kong operations via a sale of some of the assets to Delivery Hero’s Foodpanda and closure of other parts of the business
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News
Walgreens Boots Alliance agrees to $10bn private equity takeover
Boots owner Walgreens Boots Alliance has agreed to a $10bn takeover offer from private equity firm Sycamore Partners, bringing the pharmacy giant’s time as a public company to an end
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News
City snapshot: Footfall recovery stutters in February
Retail footfall continued its recovery in February, but growth in shopper numbers slowed dramatically after the new year bounce, according to new data released this morning
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News
Mission targets growth after securing investment from F1 driver Pierre Gasly
Tea challenger Mission is gearing up for further growth after extending its fundraising round to a total of £2m and securing investment from F1 driver Pierre Gasly
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News
Olive oil brand Citizens of Soil raises £1.8m to push growth
The brand plans to use the capital injection to launch new products, expand the senior leadership team and turn on the marketing tap to boost brand awareness
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News
Grubby set to relaunch Allplants ready meals range thanks to IP deal
Vegan recipe kit brand Grubby is preparing to relaunch the Allplants range of plant-based meals after swooping to pick up the exclusive rights to the failed company’s recipes and manufacturing methods