All articles by Ed Devlin – Page 25
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NewsNestlé appoints new CEO in surprise departure for Mark Schneider
Schneider has stepped down as head of the world’s biggest food company in a surprise move, to be replaced by group veteran Laurent Freixe
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NewsCity snapshot: Consumer confidence in the economy falls for first time in six months
Confidence in the UK economy has dipped even as consumers feel better about their personal finances, according to a closely watched survey. Plus, Nestlé CEO Mark Schneider steps down in surprise move
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NewsMedia Bites 23 August: Nestlé, Gail’s, Brown-Forman
Nestlé announced that chief executive Mark Schneider was stepping down, and will be succeeded by company veteran Laurent Freixe
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NewsAllplants optimistic about path to profit as losses mount
The vegan ready meal maker has recorded heavy losses as the business wrestled to shift its capital-intensive model amid challenging macro-economic conditions and declining demand in the plant-based category
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NewsBrazil looks to strengthen UK relationship with pork exports
Brazil is hoping to expand its trading partnership with the UK as part of ambitions to start exporting pork into the country as imports from the EU dwindle
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NewsCity snapshot: Hain Celestial a ‘fundamentally different’ company as turnaround plan progresses
Hain Celestial is on track to deliver $60m in cost savings this year to fuel the US giant’s ongoing turnaround plan
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NewsMedia Bites 22 August: Waitrose, loyalty cards, Asda
It’s a packed morning in the papers for food & drink news, but Waitrose dominates headlines as it kicks off a new wave of expansion
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NewsCity snapshot: Mini-heatwave boosts supermarket sales as shoppers dine alfresco
Slowing inflation, a short heatwave and price cuts helped supermarkets record the biggest boost to sales so far this year, according to new data released this morning
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NewsMedia Bites 21 August: McDonald’s, Diageo, Just Eat
McDonald’s plans to create 24,000 jobs in the UK and the Republic of Ireland over the next four years as it opens more than 200 restaurants in a sign of faith in the high street
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NewsTyphoo Tea turnaround disrupted as losses balloon to almost £40m
Losses have spiralled to almost £40m at Typhoo Tea as trespassers occupied and damaged its mothballed factory in Merseyside, dealing an unexpected setback to the embattled company’s turnaround attempt
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NewsTofoo Co private equity takeover readies plant-based brand for further growth
The Tofoo Co has been acquired by a new private equity owner to push the plant-based brand to the next stage of growth and continue its mission to take tofu to the masses
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NewsCity snapshot: Wilkins Group invests in future growth
Food packaging firm Wilkins Group has invested £3.6m in peak performance equipment as part of ambitions to push turnover to £70m
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NewsMedia Bites 20 August: Asda, inflation, Starbucks
A feature in today’s papers takes a deep dive into what has gone wrong at Asda
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Comment & OpinionBrazil meat conference shows progress on environment and welfare
It’s fair to say Brazil’s reputation on environmental issues has been less than glowing
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NewsCity snapshot: Savings outpace spending as disposable incomes rise - Asda
Disposable incomes for the average UK household has returned to highs not seen since prior to the cost-of-living crisis, according to Asda’s latest income tracker
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NewsMedia Bites 19 August: Morrisons, Asda, Tesco, UPFs
The turmoil engulfing Britain’s private equity-owned supermarkets is intensifying as Morrisons grapples with an exodus of senior management and Asda scales back long-term investments to try and fix growing problems on the shop floor
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NewsBlockhead set for relaunch thanks to rescue deal by Peppersmith owner
Functional chewing gum brand Blockhead has been revived in a rescue deal by the owners of sugar-free gum maker Peppersmith, The Grocer can reveal
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NewsMedia Bites 15 August: Mars/Kellanova, Asda, Carlsberg
A combination of Mars and Kellanova in a $36bn mega-deal attracts plenty of attention in this morning’s papers
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NewsNelson Peltz’s Trian sells down part of Unilever holding for £181m
Activist investor Nelson Peltz’s hedge fund Trian Partners has sold off a chunk of its holding in Unilever for close to £181m, according to filings published on the London Stock Exchange today
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NewsMars agrees blockbuster $36bn takeover of Kellanova to create snacking behemoth
The all-cash offer marks the biggest deal in Mars’s history, dwarfing the privately owned US group’s $23bn acquisition Wrigley in 2008