All articles by Ed Devlin – Page 28
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NewsCity snapshot: Carlsberg receives Pepsi blessing for Britvic takeover
PepsiCo has given Danish brewer Carlsberg the go-ahead to continue its pursuit of soft drinks group Britvic. Plus, vaping group Supreme snaps up soft drinks group Clearly Drinks for £15m and THG issues trading update ahead of AGM
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NewsMedia Bites 21 June: Tate & Lyle, Ocado, Sainsbury’s
In a packed morning in the papers, a major deal by Tate & Lyle and a share price crash for Ocado make headlines
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NewsFuel10k founder Barney Mauleverer launches £10k Future of Food competition
The fmcg entrepreneur said the Future of Food event planned for November would be a cross between Dragons’ Den, TedX Talks and the Model UN
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NewsWho Gives a Crap sees profits rise on demand for sustainable range
Profits have soared at Who Gives a Crap as a growing number of environmentally conscious consumers opt to switch toilet paper for more sustainable alternatives
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NewsMedia Bites 20 June: Young’s, inflation, Amazon
Soaring demand for Guinness helped pub group Young’s to a record full-year profit, as cool weather shifted Britons’ drinking tastes
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NewsMedia Bites 14 June: Labour manifesto, Brexit, Fuller’s
The release of Labour’s manifesto is the main news in this morning’s papers
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NewsDirtea partners with Bear Grylls to get mushrooms to the masses
Dirtea has received a seven-figure investment from Bear Grylls as part of a new partnership, with the television presenter and adventurer becoming a global ambassador for the functional mushroom challenger brand
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NewsMedia Bites 13 June: M&S, economy, Kroger
It’s a very quiet morning in the papers for fmcg news
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NewsCommon Drinks raises six-figure funding to launch functional drinks range
Functional drinks startup Common has bagged a six-figure investment from a clutch of fmcg heavyweights as consumer demand for health-focused beverages continues to grow
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NewsCity snapshot: Euro 2024 to net retailers a sales boost
Retailers are set to score a spending boost as Euro 2024 kicks off on Friday with Scotland taking on host nation Germany. Plus, losses widen at spirits group Distil
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NewsDiageo sells majority stake in Guinness Nigeria
Diageo has sold a controlling stake in its Nigerian Guinness operation to its distributor in the country in a deal worth about $70m (£55m)
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NewsMedia Bites 11 June: Boots, Asda, Chill Brands
The papers follow up Bloomberg’s story that Walgreens Boots Alliance has shelved plans for a London float of Boots
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NewsSymington’s profits surge but uncertainty arises over CEO departure
Alongside the latest accounts for the year ended 31 December 2023, filings at Companies House also showed CEO Christian Boulter is no longer a director at the company
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NewsBulk shapes up for more growth following record year
An increase in the popularity of strength training has lifted DTC nutrition brand Bulk to a record performance as revenues jumped 30% to £123.1m in 2023
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NewsMedia Bites 30 May: Boots, loyalty cards, M&S
Profits at UK pharmacy chain Boots soared last year, driven by beauty sales and more shoppers visiting its stores
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NewsGousto returns to the black as it prioritises profits over growth
Revenues were almost flat year on year in 2023, nudging up by 1% to £308m as the recipe kit business turned off the tap for customer acquisition to focus on retention and save money
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NewsBear launches £2m crowdfunding round to expand coffee chain nationally
Schoolfriends Craig Bunting and Michael Thorley founded the business in 2014 and opened the first Bear site in their hometown of Uttoxeter in 2016
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NewsValeo Foods hits the acquisition trail once again with takeover of Dal Colle
Valeo Foods Group is back on the acquisition trail with a deal to buy Italian bakery producer Dal Colle as the ambient giant looks to build a platform across Europe
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NewsNomad Foods hires new CFO to succeed Samy Zekhout
Frozen food giant Nomad Foods has appointed Ruben Baldew as chief financial officer to succeed Samy Zekhout, who is leaving to explore new opportunities
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NewsCity snapshot: Profits tumble at Pets at Home despite sales growth
Profits have fallen at Pets at Home despite revenues growing at the petcare retailer, but the group still held its forecast for the new financial year