All articles by Ed Devlin – Page 30
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NewsCity snapshot: Bakkavor major shareholder Baupost sells stake to US PE firm
Bakkavor has revealed major shareholder Baupost has sold its entire 20.1% stake in the listed prepared food manufacturer to US private equity firm Long Range Capital
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Analysis & FeaturesWhich grocery players hit the stock market jackpot in 2023?
In 2023, crises from Ukraine to the Middle East, plus the ongoing cost of living crisis, battered stocks. Who coped best and what will 2024 bring?
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NewsTDR Capital acquires controlling stake in Popeyes UK
Fast food chicken chain Popeyes UK is under new ownership as British private equity house TDR Capital increased its shareholding
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NewsMedia Bites 11 January: Sainsbury’s, Greggs, BrewDog
Trading updates from Sainsbury’s and Greggs dominate business headlines this morning, but BrewDog’s controversial move to drop new workers from the Real Living Wage also gained plenty of column inches
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NewsVFC Foods eyes more acquisitions as it aims to become ‘vegan Unilever’
Veganuary founder Matthew Glover will be taking a more hands-on role at the group this year
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NewsCity snapshot: Sainsbury’s boosts volumes as Nectar Prices and Taste the Difference win over Christmas customers
Sainsbury’s has boosted food volumes by more than the wider grocery market over Christmas thanks to its Nectar Prices promotions and shoppers trading up to its Taste the Difference range. Plus, full-year trading updates from Greggs and Vimto maker Nichols
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NewsSt Pierre Groupe appoints Sarah Boddy as new boss
Boddy will take the reins from David Wagstaff, who has left the bakery supplier for ‘new ventures’
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NewsCranswick bolts on pork processor Froch Foods
Meat processor Cranswick has completed a bolt-on acquisition of Yorkshire-based bacon supplier Froch Foods to boost its capacity
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NewsCrosta & Mollica secures backing from Perwyn and brings in David Milner
The Italian food brand has secured private equity investment from Perwyn to maintain rapid growth and support international expansion, with fmcg heavyweight David Milner brought in as chairman
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NewsMedia Bites 9 January: Dry January, Majestic Wine, Christmas sales
The Grocer exclusive that Britain’s biggest supermarkets have been increasing the cost of low and no-alcohol drinks for Dry January makes headlines this morning
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NewsGriffiths Family Foods acquires Framptons egg division
Griffiths Family Foods has taken control of the non-core egg division of Framptons to expand the business into the foodservice sector
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NewsCity snapshot: Eagle Eye wins major contract with Canada’s Pattison Food Group
Grocery software provider Eagle Eye has signed a five-year contract with one of Canada’s largest supermarket chains, with the deal also including a first win for the group’s AI offering
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Analysis & FeaturesHow grocery stock market players coped with 2023’s uncertainty
Fmcg players are used to volatility and uncertainty, driven by a plethora of global crises in recent years.
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NewsCity snapshot: ‘Whopper’ Christmas for supermarkets as Brits spend a record £13.7bn over the festive period
Supermarkets enjoyed the busiest Christmas since before the pandemic as a record £13.7bn passed through their tills over the crucial December trading period, according to data released this morning
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NewsDanone offloads US premium organic dairy business to Platinum Equity
Danone has agreed to sell its premium organic dairy business in the US to investment firm Platinum Equity for an undisclosed sum
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NewsIBC Simply acquires March Foods to form Delightful group
The foodservice supplier has snapped up March Foods to boost its food and drink manufacturing and co-packing capabilities
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NewsCity snapshot: Record-breaking Christmas for discounters Aldi and Lidl
Discounters Aldi and Lidl have both boasted of a record-breaking Christmas as hard-pressed shoppers looked to save money over the festive period. Plus, the BRC reports on retail inflation figures for December.
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NewsMedia Bites 2 January: Inflation, Princes, Unilever, M&S
Shop prices continued to rise at 4.3% in December as a price rise on non-food items offset easing costs on food.
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NewsCity snapshot: General Mills lowers expectations and warns of slower volume recovery
US consumer packaged goods giant General Mills has downgraded expectations for 2024 as steep price hikes depressed shopper demand.
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NewsMedia Bites 21 December: inflation, Diageo, Rimmel London
The bigger-than-expected fall in inflation makes headlines this morning.