All articles by Ed Devlin – Page 175
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NewsMedia Bites 9 March: Budget, Brexit, shrinkflation, Stock Spirits, Restaurant Group
The Budget is, predictably, the main focus for the papers today as Chancellor Philip Hammond set out his post-Brexit path for the British economy.
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NewsMedia Bites 8 March: Kantar/Nielsen , inflation, Aldi/Lidl, Budgens, Laurie McIlwee, food waste
The latest Kantar and Nielsen data showing inflation starting to bite and the discounters grabbing record share gets plenty of attention in the papers.
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NewsCity snapshot: Stock Spirits in 'much stronger' position after turbulent year
Sales and underlying profits declined at UK-headquartered Stock Spirits Group during a turbulent year for the drinks business, but the new CEO said it was now in a ”much stronger position”. Plus, John Menzies publishes annual results.
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NewsBarking Heads owner Pet Food UK secures £5m backing from PE firm Piper
Barking Heads and Meowing Heads owner is the latest business in the fast-growing premium petcare sector to receive a private equity cash injection as Piper takes a minority stake.
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NewsMedia Bites 7 March: Seabrook Crisps, BRC, business rates, Tesco
The Times carries the story revealed by The Grocer yesterday that Seabrook Crisps has appointed Houlihan Lokey to help it expand abroad.
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NewsCity snapshot: £1 in every £8 spent on groceries goes to Aldi and Lidl as inflation bites
Discounters Aldi and Lidl have grabbed a record share of the grocery market, accounting for more than 12% of supermarket sales in the UK for the first time, Nielsen revealed this morning
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NewsSeabrook Crisps appoints Houlihan Lokey to explore overseas acquisitions
Seabrook Crisps has appointed corporate advisors to explore strategic options, including overseas acquisitions, The Grocer can reveal.
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NewsGrenade snapped up by Lion Capital in £72m deal
Sports nutrition business Grenade has been acquired by private equity firm Lion Capital in a deal worth £72m.
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NewsPrinces appoints new MD as Easterbrook retires after 35 years at the business
Princes has appointed a new MD to take over from Mike Easterbrook, who is retiring after more than 40 years in the food industry.
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NewsAuthentic Food Co sales hit record levels after heavy investment
Sales have soared 50% to close to £74m at ready meals producer The Authentic Food Company as it invested heavily in the Irish frozen factory acquired from Heinz in 2015.
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NewsMiso Tasty seeks £150k to launch new ramen noodle kits
Japanese snack brand Miso Tasty is raising £150k in a crowdfunding campaign to support the launch of a new line of ramen noodle kits in 300 Waitrose stores.
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NewsPersonal care firm crushed by pricing pressures
A group of personal care and household companies, which supplied high street retailers and supermarkets, has called in administrators, with the loss of 72 jobs.
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NewsCrowdcube darlings Lick and Feel Free go under
Public set to lose out as two crowdfunders go under after six figure fundraising campaigns
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NewsLily O’Brien’s UK growth pushes group sales to record levels
Irish chocolatier Lily O’Brien’s has posted a record turnover of £27m in 2016 thanks to a growing appetite for its premium offering in the UK.
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NewsMackie's of Scotland grows sales thanks to new chocolate bar range
Entering the chocolate bar market and a consumer shift towards premium ice cream has helped Mackie’s of Scotland boost sales by 7%.
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NewsMedia Bites 1 March: Unilever, Kraft Heinz, Greggs, Sainsbury's, BHS
Unilever boss Paul Polman was paid 20% less last year than in 2015, taking home €8.4m, according to the group’s latest annual report.
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NewsCity snapshot: Premier Foods strikes agreement with Hong Kong hedge fund
Activist investor Oasis Management is set to further build its stake in Premier Foods after entering a customary relationship agreement
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NewsGreggs rules out 'shrinkflation' as ingredient costs spiral
Greggs CEO Roger Whiteside has promised its staple sausage rolls won’t be affected by ‘shrinkflation’ as the chain seeks to combat the growing threat of rising ingredient prices.
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NewsAssociated British Food profits lifted by higher sugar prices
Profits sweetened in the first six months of the year but ABF warns that benefits of the weak pound will fade in second half.
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NewsWild Beer asks the crowd for £1.5m for new brewery
The Wild Beer Company is the latest craft brewer to turn to the crowd to raise cash as it kicks off a £1.5m funding drive later this week.