All articles by Ed Devlin – Page 103
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NewsPepsiCo sells Tropicana and Naked juice brands to PAI Partner for $3.3bn
PAI will take a 61% holding in the likes of Tropicana and Naked, as well as other brands, with PepsiCo retaining a 39% stake
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NewsCity Snapshot: The Hut Group acquire Cult Beauty for £275m
E-commerce giant The Hut Group has expanded its beauty portfolio with the £275m acquisition of online prestige retailer Cult Beauty.
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NewsSnacking group Wholebake acquired by private equity firm
Cereal bar maker Wholebake has been snapped up by new private equity owners as investors continue to target the healthier snacking category.
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NewsMedia Bites 3 August: Morrisons, Bolt, Heineken, Chapel Down
Shares in Morrisons hit their highest level since 2013 yesterday as investors prepared for a bidding war between two private equity groups.
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NewsMorrisons faces break-up risk in private equity takeover, analysts warn
Bernstein said it “struggled to see the returns [for a buyout group] of the current offer without significant asset sales”
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NewsCity Snapshot: Heineken recovers from Covid crisis but warns of rising costs
Profits have more than doubled at Heineken as sales at the Dutch brewer recovered as pubs and bars reopened following extended global lockdowns. Plus, global agriculture group Camellia has acquired an 80% stake in apple grower Bardsley England, and Domino’s Pizza Group non-exec steps down.
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NewsSmall Giants closes £400k funding round to bring insect snacking to the mainstream
Insect-based snacks start-up Small Giants has closed an investment round of more than £400,000 to supports its growth across the UK and Europe.
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NewsFitbakes eyes retail expansion after hitting crowdfunding target
The business, founded by nutritionist Ella Rauen-Prestes in 2018, will use the money to help support a slated launch in 1,000 Tesco Express stores as part of its meal deal offering in the third quarter of 2021.
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NewsGriffith Foods expands UK presence with acquisition of The Flavourworks
Ingredients supplier The Flavourworks has been acquired by US product development group Griffith Foods for an undisclosed sum.
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NewsMedia Bites 29 July: Morrisons, Arla Foods, British American Tobacco
Morrisons is in the spotlight again this morning as the race to takeover the supermarket group heats up.
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NewsSingapore wealth fund joins Fortress-led consortium on £6.3bn Morrisons takeover
Cambourne Life Investment, a subsidiary of GIC, has agreed to join Fortress Investment Group – alongside Canadian pension fund CPPIB and a subsidiary of US group Koch Industries – as an additional co-investor
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NewsMorrisons’ largest investor Silchester publicly rebukes £6.3bn Fortress offer
Silchester International Investors, which holds a 15.1% holding in Morrisons, said in a statement that it was “not inclined” to support the existing offer from Fortress.
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NewsLindt sales soar as it emerges from Covid restrictions
Swiss confectionery giant Lindt & Sprüngli has soared back into double-digit growth as the shops emerged from lockdowns across the world and it continued to benefit from strong demand for premium chocolate in supermarkets.
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NewsPlant-based nutrition brand Pulsin acquired by VC firm S-Ventures
Pulsin makes a wide range of protein, keto, high-fibre and oat snack bars, as well as protein powders and shakes, under its own brand and for third parties.
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NewsMedia Bites 27 July: Pingdemic, Just Eat Takeaway, Cranswick
Christmas shopping risks being ruined by a shortage of lorry drivers caused by Covid restrictions and the migration of foreign staff.
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NewsCity Snapshot: Positive start for Cranswick on strong meat demand in supermarkets
Meat producer Cranswick has continued to benefit from strong demand in supermarkets over the summer, as well as the beginnings of a recovery for food-to-go and foodservice sales as Covid-19 restrictions eased further.
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NewsCheeky Panda lines up £300m IPO and eyes major player status
CEO Chris Forbes said he expected Cheeky Panda to grow large enough to compete with the biggest players in the household paper category
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NewsEmber to ramp up campaign against factory farming as it hits £800k crowdfunding target
Founded three years ago by brothers Harry and Jack Mayhew, the business has currently raised £945,000 from 244 investors, including ASOS CEO Nick Beighton, with the Seedrs round closing next week.
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NewsMedia Bites 22 July: Pingdemic, M&S, BrewDog, Asda
Supermarkets apologised for empty shelves in stores yesterday amid warnings that the “pingdemic” was putting a strain on supply chains.
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NewsMomentum gathers at Vimto owner Nichols as lockdown ends
Vimto maker Nichols is seeing good momentum returning to its out-of-home business thanks to the easing of lockdown restrictions, hot weather and demand driven by England’s performance at the delayed Euro 2020.