All articles by Ed Devlin – Page 23
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Marleybones wins backing from JamJar and Active Partners
The fresh dogfood startup has raised almost £1m in seed funding as the business aims to expand its retail distribution following recent wins
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Re:Nourish wins six-figure backing to support expansion
The challenger brand will use the expansion loan to increase its manufacturing capability and back sales and marketing initiatives
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City snapshot: Cake Box profits beat expectations
Cake Box has lifted profits ahead of market expectations thanks to a renewed marketing push, a brand refresh and a new online store
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Tofoo Co weighing up strategic options as sales boom
Investment bankers at Piper Sandler are in the early stages of a process to weigh up interest in the fast-growing tofu brand, according to City sources
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Media Bites 4 April: Takeaways, Brexit, Hilton Food
Britain is eating 50% more takeaways than before Covid in a “drastic” shift in the nation’s eating habits, according to a report in today’s papers
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Biome9 expands gut health service for dogs with new investments
Biome9 has raised more than £1m to expand its at-home gut microbiome testing service for dogs, with Warburtons boss Jonathan Warburton and former Pets at Home CEO Peter Pritchard taking part in the round
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Furr Boost secures Dragons’ Den investment for dog smoothie brand
The business secured £50k from Touker Suleyman in return for a 30% stake
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Momo Kombucha raises £1m to keep up with gut health demand
Momo Kombucha has secured a seven-figure investment to drive expansion plans as the gut health drinks start-up aims to hit revenues of £10m by 2026
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City snapshot: Supermarket basket size grows as inflation slows
Shoppers have been encouraged to put more in their baskets as inflation eased back to more manageable levels, according to the latest market data released this morning. Plus, full-year results from Hilton Food Group with a turnaround in seafood helping boost profits
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Who Gives a Crap on a roll with rapid UK growth
Sustainable paper products challenger Who Gives a Crap is racking up rapid growth thanks to a loyal DTC customer base and expanding distribution in retail
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Nice Rice secures six-figure investment to build sustainable rice category
Nice Rice has closed a six-figure investment round to help with its mission to champion environmentally friendly products and grow the sustainable rice category in the UK
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Media Bites 2 April: Adnams, Unilever
A bumper edition as we catch up on all the news over the bank holiday weekend
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Holland & Barrett pauses controversial changes to payment terms after supplier backlash
At least two brands contacted by The Grocer had refused to pay the new terms, which were proposed last week
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Media Bites 28 March: Morrisons, Asda, Sainsbury’s
A hint of a turnaround at Morrisons following Q1 results makes headlines this morning
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City snapshot: DS Smith confirms new talks over £5.7bn counter offer with New York rival
A multibillion-pound bidding war is underway for cardboard packaging manufacturing DS Smith as the London-listed firm confirmed it had received a counter proposal from a US rival. Plus, the Artisanal Spirits Company publishes full-year results for 2023
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Village Bakery set to command £160m price tag as PE owner explores exit
Village Bakery is seeking new owners, with its private equity backer having tasked bankers with running an auction for the premium private-label bread maker
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Shicken wins further multimillion backing from Matthew Glover’s Veg Capital
The brand will use the £4m cash injection to scale up manufacturing capacity and ‘realise the global potential of its restaurant-quality range’
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Modern Milkman expands into US with acquisition of namesake milk round business
Online grocery delivery service Modern Milkman has acquired its US namesake as part of an ambitious expansion to take its sustainability mission overseas
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Hovis turnaround picks up under new management team
Hovis has made big strides in its turnaround as significant price hikes helped boost revenues and profitability
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City snapshot: Ocado Retail hails “strong” Q1 performance
Ocado Retail has made a “strong” start to the year as the joint online venture with M&S continued to grow its market shares. Plus, the grocery latest market share data from Kantar and full-year results from Fever-Tree and AG Barr