All articles by Ed Devlin – Page 114
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NewsF&B deals sink to 11-year low as coronavirus pandemic hits industry
Despite encouraging signs of recovery in the final months of the year, M&A volumes slumped 40% to 58 transactions in 2020, the report by corporate finance house Oghma Partners showed.
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NewsParsley Box secures £5m to ramp up DTC growth
Parsley Box is backed by VC firm Mobeus Equity Partners, which invested £4.6m in the business in 2019. The Edinburgh-headquartered business prepares ambient ready meals for the baby boomer demographic.
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NewsCity snapshot: WH Smith reports surprise Christmas boost
WH Smith has performed better than expected over Christmas as its high street stores operated at close to 2019 levels despite the ongoing Covid restrictions. Plus, Wincanton upgrades profit forecasts as shoppers turn online. And, inflation rises to 0.6% for December.
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NewsLindt sales slump as Covid lockdown hits Christmas trading
Group revenues slumped 6.1% to CHF 4bn (£3.3bn) in 2020 as a result of lockdown restrictions across the world and a fall in out-of-home consumption. The fall was in line with guidance the Swiss chocolatier gave at the half year, with expected declines between -5% and -7%.
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NewsTribal Sports Nutrition secures £420k in crowdfunding campaign
Challenger nutrition brand Tribal Sports Nutrition has raised more £420k from the crowd to bring new products to market and raise brand awareness.
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NewsMedia Bites 19 January: Covid, prompt payment, Danone
Supermarkets face increased inspections from local councils to make sure they are Covid-19 secure amid a push from the government to clamp down further on coronavirus transmission.
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NewsMission Ventures fund backs Jim Jams with £200k investment
Mission Ventures’ Good Food Fund has backed spreads start-up Jim Jams with a £200,000 investment to help scale the business.
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NewsCleanCo raises glass to £7m investment as nolo category booms
It takes the total investment secured by the company founded by Made in Chelsea star Spencer Matthews to £9.1m since it launched in 2019.
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NewsCity snapshot: Deliveroo valuation surges to $7bn as it eyes IPO
Food delivery service Deliveroo has raised more than $180m (£133m) from its existing backers as it prepares for a potential stock market flotation.
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NewsWhite Rabbit targets £300k from crowd to back range increase
The crowdfunding push, which follows a surge in demand during Veganuary, is set to go live on the Seedrs platform on 20 January
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NewsHain Celestial sells Orchard House juice business to private equity firm Elaghmore
Hain Celestial has sold its Orchard House own label juice business to private equity firm Elaghmore as it continues to simplify its European portfolio.
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NewsGiles Brook makes way for Tim Rees at Vita Coco UK & Europe helm
UK MD Tim Rees has expanded his responsibilities to include the whole of the EMEA region
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NewsBarilla snaps up DTC Pasta Evangelists
Italian food giant Barilla has snapped up direct-to-consumer business Pasta Evangelists to tap into booming e-commerce demand in the UK during the coronavirus pandemic.
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NewsMedia Bites 14 January: Brexit, Lidl, Just Eat, Unilever
The UK government is proposing to fast-track empty supermarket food lorries returning to Europe to restock, as concerns mount in Whitehall that post-Brexit port disruption threatened supermarket supply shortages.
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NewsRecord year for food and drink on Seedrs
During the year, 58 food and drink campaigns hit their Seedrs funding targets, a 29% increase on 2019, raising £45m, which represented a 121% rise on the prior period.
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NewsCity snapshot: Pink fizz and festive jumpers drive record Christmas at Lidl
Lidl increased overall sales 17.9% in the four weeks to 27 December compared to Christmas 2019 to outperform its big four rivals and Aldi. Plus, Just Eat sees orders surge again in fourth quarter as new lockdowns benefit the takeaway delivery app.
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NewsMedia Bites 12 January: Morrisons/Sainsbury’s, Brexit, M&S
Sainsbury’s has joined Morrisons in saying it will enforce the wearing of masks in its supermarkets.
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NewsNomad Foods confirms talks with Fortenova Group to buy frozen foods business
Birds Eye owner Nomad Foods is looking to extend the reach of its frozen empire in Europe after entering exclusive talks with Fortenova Group to buy the Croatian company’s frozen foods brands.
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NewsCity Snapshot: Post Office delivers strong Christmas as online shopping booms
The boom in online Christmas shopping fuelled by the coronavirus crisis has seen the Post Office deliver a 17% rise in December sales. Plus, Commercial landlord British Land has collected less than half the rent due from its retail tenants in December as tightening coronavirus restrictions forced many shops to close once more.
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NewsHalo Coffee targets crowd funds of £300k as demand rockets
Eco coffee pod brand Halo Coffee has turned to the crowd to seek £300,000 following an explosion in demand for in-home brews