All articles by Ed Devlin – Page 105
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News2 Sisters continues branded exit with bakery sale plan
Brands up for sale include Lancashire pie maker Holland’s and Irish sausage roll producer Portumna
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Analysis & FeaturesWhat does £5.5bn takeover tussle mean for Morrisons?
Clayton Dubilier & Rice has form in UK retail. Is its bid likely to succeed, and what would the implications be for Morrisons and the sector?
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NewsMedia Bites 24 June: HFSS, Morrisons, GSK
It is much quieter in the papers this morning as the dust on the Morrisons story settles for now. The main story is that junk food adverts will be subject to a near total online ban and a 9pm television watershed by the end of next year.
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NewsCity Snapshot: Krispy Kreme lines up $4bn IPO
Doughnut maker Krispy Kreme looks set to be valued at up to $4bn in an upcoming IPO in New York. Plus, Pernod Ricard upgrades profit expectations as pace of recovery quickens.
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NewsItsu sells stake to PE house Bridgepoint as grocery sales soar
Asian-inspired brand Itsu has sold a significant minority stake to PE firm Bridgepoint as sales of its grocery brand soars in supermarkets.
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NewsMedia Bites 22 June: Morrisons, Hotel Chocolat, Selfridges
The papers continued to focus on the suprise £5.5bn approach from CD&R for Morrisons this morning, with blanket coverage.
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NewsKerry Group agrees €853m acquisition of preservatives maker Niacet
It follows an announcement on Friday that the Irish group had agreed to sell its UK and Ireland consumer foods business to Moy Park owner Pilgrim’s Pride
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NewsMorrisons shares balloon more than 30% after it rejects £5.5bn offer
US private equity giant CD&R, which counts former Tesco boss Terry Leahy as an operating partner, now has 28 days under City takeover rules to table a new offer or walk away
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NewsGood Food Fund signs up Better Nature and Spare Snacks brands
Better Nature and Spare Snacks join the 12-month programme and will receive business support
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NewsElla’s Kitchen defies slump in babyfood to increase revenues
Ella’s Kitchen has defied a pandemic-driven slump in the babyfood category to grow revenues and market share in the UK
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NewsMedia Bites 17 June: Brexit, Asda, Coca-Cola, Morrisons
Labour shortages are causing the UK meat industry to cut production and warn that it will soon be unable to meet orders unless the government relaxes post-Brexit immigration rules.
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NewsCity snapshot: UK inflation rises to 2.1% in May as lockdown eases
Inflation has continued to soar in the UK as the relaxation of lockdown restrictions led to a rise in consumer spending. Plus, a third-quarter trading update from agri-services group Origin Enterprises.
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NewsUnilever grows DTC empire with Paula’s Choice deal
Unilever has agreed to acquire digital-led skin care brand Paula’s Choice as it continues to widen its exposure to the growing DTC market
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NewsMedia Bites 15 June: Covid, hospitality, Boxed, Meatless Farm
Boris Johnson has said that Britain must learn to live with coronavirus as he delayed the end of Covid restrictions by four weeks and insisted that July 19 would be the new “terminus date”.
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Comment & OpinionMeatless Farm’s fundraise shows plant-based is reaching a tipping point
The brand is likely to reap the rewards of an increasingly mainstream following with its consumer-facing Crowdcube campaign
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NewsCity Snapshot: Distil reports 'significant' growth as UK grocery launches offset Covid losses
Drinks group Distil has significantly increased revenues and profits despite Covid disruption as it shift to grocery and online retail helped offset lost business elsewhere. Plus, agricultural supplies group Wynnstay appoints a non-executive director.
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Analysis & FeaturesWhat does the union of Fox’s and Burton’s mean for biscuits?
Following Ferrero’s deal, the third-largest biscuit maker in the UK market has been created. So where does Burton’s fit into its plans?
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NewsDr Will’s smashes £400k crowdfunding round as it eyes further supermarket growth
Founded by Dr Will Breakey, Liam White and Josh Rose in 2015 to reduce the sugar in table sauces such as ketchup, mayo and BBQ, Dr Will’s is stocked by the likes of Tesco, Waitrose, Holland & Barrett and Ocado, as well as Selfridges and Harvey Nichols.
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NewsHeura scores €70m valuation with backing from Chris Smalling and the crowd
Heura, which launched in the UK with a meat-free burger late last year, hit its initial €1m target on the Crowdcube platform and overfunded to €4m in less than 24 hours, with 3,007 investors backing the business.
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NewsLosses continue to mount at beleaguered Thorntons
Revenues fell 15% to £103.7m for the year ended 31 August 2020, with pre-tax losses widening to £37.7m.