All articles by Ed Devlin – Page 112
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NewsCovid puts an end to strong growth at Trewithen Dairy
Latest accounts for parent company Cornish Farm Dairy, for the year ended 30 April 2020, showed revenues declined 6% to £52.1m as the first national lockdown led to a collapse of its foodservice, hospitality and tourism business at the tail end of the accounting period.
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NewsThe Cheesecake Shop to rebrand after MBO
The buyout, led by Neil Blakeman and Dillan Shikotra, includes eight retail stores across the region, as well as the bakery in Nottingham.
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NewsBurleighs Gin raises £250k to support new product launches
The Leicestershire brand, which produces a core range of four London dry gins, secured the investment from the Midlands Engine Investment Fund
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NewsJiffy bags £2.6m funding to launch online supermarket
The company’s first dark store will open in London this month offering a total range of 2,000 SKUs
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NewsCity snapshot: SSP Group launches £475m rights issue as it readies for slow Covid recovery
Upper Crust owner SSP Group is planning to raise £475m from shareholders in a rights issue to strengthen the balance sheet and prepare for a recovery from the coronavirus pandemic as lockdown restrictions begin to lift. Plus, Dutch dairy company FrieslandCampina agrees jv with Egyptian cheese maker to focus on the exports to Africa and the Middle East. And Science in Sport reports full-year results.
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Comment & OpinionThorntons must rely on more than nostalgia to recover from Covid closures
The 110-year-old brand yesterday joined the depressingly long list of big names calling time on bricks and mortar to focus entirely online
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NewsMedia Bites 16 March: Thorntons, Iceland, Danone, Deliveroo
The decision by Thorntons to close all 61 of its physical stores after suffering through the Covid pandemic is covered by the papers this morning.
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NewsFarmer Connect raises $9m to meet surging supply chain demand
The investment would be used to capitalise on demand for sustainable, inclusive and efficient agriculture supply chains
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NewsThorntons to permanently close all stores to focus online
Chocolatier Thorntons is set to disappear from the high street following a decision to close down its remaining network of 61 stores, putting more than 600 jobs at risk.
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NewsUlrick & Short snapped up by Swedish investment house Novax
Based in Yorkshire, Ulrick & Short supplies food manufacturers with a wide range of clean label and plant-based ingredients.
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NewsFarmison profits from surge in online shopping in best-ever year
Revenues more than doubled to £12.1m in the nine months to 31 December 2020, compared to £5.4m in the whole of 2019.
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NewsCity snapshot: Danone ousts Faber for clean break
Danone has ousted chairman and CEO Emmanuel Faber as it continues to shake up the board following pressure from activist investors. Plus, Deliveroo revealed it would raise approximately £1bn of new money in its upcoming flotation on the London Stock Exchange.
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NewsParsley Box kicks off IPO after pandemic boosts consumer take-up
The long-life ambient ready meals business for the over-60s has benefited from consumers turning to online meal providers
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NewsVibrant Foods expands into chilled with acquisition of Everest Dairies
Vibrant was created in 2020 as a platform to consolidate the Asian and free-from markets
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NewsMedia Bites 11 March: Just Eat, Deliveroo, Brexit, Amazon
The papers put Just Eat Takeaway’s results in the spotlight and weigh up the battle between rival delivery services such as Deliveroo.
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NewsCBD oil brand Dragonfly scales up with factory deal
CBD oil producer Dragonfly Biosciences has taken over full ownership of Premium Extraction Services, which runs a large-scale ethanol extraction facility.
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NewsMash Direct grows sales as shoppers look for health and convenience in lockdown
Mash Direct has continued to grow rapidly outside its domestic Northern Ireland market as consumers looking for a blend of health and convenience throughout the coronavirus pandemic turned to its range of prepared veg.
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NewsNix & Kix hits £500k crowdfunding target as it launches in US with Coke-backed distributor Iris Nova
The five strong-range of canned drinks will be distributed across the US by Coca-Cola-backed Iris Nova via its DTC platform.
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NewsCity snapshot: ‘Exceptional’ year for Just Eat as revenues soar during Covid pandemic
The world’s largest food delivery company saw orders accelerate for three quarters in a row in 2020, processing 588 million orders in the year, a 42% rise compared with 2019. Plus, Russian grocery retailer X5 Retail Group launches biometric tech to ’pay with a glance’ at its supermarkets in a move CEO Igor Shekhterman said would soon be universal.
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NewsMackie’s of Scotland performs well during pandemic as shoppers turn to home comforts of ice cream
Mackie’s of Scotland has held revenues at record levels despite the challenges presented by the coronavirus pandemic as shoppers treated themselves to ice cream and chocolate during lockdown.