All articles by Ed Devlin – Page 38
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NewsLiquid Death hits unicorn $1.4bn valuation as it raises $67m for NPD drive
Liquid Death has closed a $67m (£52.4m) fundraising round to value the cult canned water brand at $1.4bn (£1.1bn) as it seeks to ramp up distribution in its domestic US market and accelerate NPD
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NewsCity snapshot: Resurgent Tesco and Sainsbury’s supports first-half profit growth at Supermarket Income REIT
Property investor Supermarket Income REIT has boosted operating profits by 18% to £45m in the first half following a 10% increase in rent at the company to £104.7m
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NewsBold Bean Co hires Andrew McIntosh as head of grocery
McIntosh’s past roles include sales manager for posh popcorn brand Joe & Seph’s and most recently as head of international, UK grocery and wholesale sales at vegan confectionery brand LoveRaw
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NewsGymkhana Fine Foods appoints former Oatly UK boss Ishen Paran as MD
Michelin-starred sauces brand Gymkhana Fine Foods has appointed former Oatly UK boss Ishen Paran as its first managing director for the UK and international markets
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NewsMedia Bites 12 March: CMA, ONS, Imperial Brands
The competition regulator has launched a formal market investigation into the veterinary market after a review found “multiple issues” in the sector
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Comment & OpinionLittle Moons has shown it isn’t immune from growing pains
The mochi ball ice cream maker is having a wobble, its first since a viral TikTok post sent sales stratospheric in 2021
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NewsAlantra teams up with Brand Growth Heroes for challenger ‘Mini MBA’
Mid-market financial services firm Alantra has teamed up with the Brand Growth Heroes accelerator led by Fiona Fitzpatrick to launch a ‘Mini MBA’ for challenger brand founders
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NewsSamworth Brothers leads £3m investment round for non-HFSS doughnut brand Urban Legend
Samworth Brothers has taken a minority stake in Urban Legend as part of a multimillion-pound investment round to back national expansion at the ‘healthier’ doughnut brand
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NewsLittle Moons seeks new CEO as Mike Hedges departs
Little Moons has parted company with CEO Mike Hedges after only two years, with co-founder Vivien Wong taking charge while a replacement is found
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NewsMedia Bites 7 March: Budget, M&S, EG Group, Premier Foods
The morning’s papers are filled with reaction to the latest Budget, but find room for news M&S joint CEO Katie Bickerstaffe is leaving the retailer
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NewsPukka Pies kicks off £100m potential sale process
Pukka Pies has kicked off an M&A process that could value the brand at upwards of £100m as supermarket sales of its savoury pastries continue to boom
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NewsCity snapshot: Vimto appeal boosts Nichols in 2023
Soft drinks group Nichols has hailed a “strong” performance in 2023 as the strength of the Vimto brand in the UK and overseas boosted revenues and profits. Plus, Premier Foods will suspend deficit contribution payments from the 1 April and Science in Sport issues a full-year trading update
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NewsMeat snacking brand Ember adds three fmcg big hitters to its board
Tim Rees, Mark Palmer and John McKinley will advise brother founders Jack and Harry Mayhew on the next stage of the brand’s rapid growth
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NewsMedia Bites 5 March: Budget, Caffè Nero, EG Group
The papers focus on tomorrow’s Budget, with M&S boss Stuart Machin hitting out at the tax burden faced by retailers
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NewsGrwth Club launches venture fund for fmcg startups
Grwth Ventures is founded by Joe Benn and Jake Higgins with a £5m cornerstone investment from media agency MNC
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NewsSniffers Pet Care scores follow-on funding from PE backer Traditum
Pet treat supplier Sniffers Pet Care has secured an £850k investment to ramp up production at its Yorkshire factory
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NewsCity snapshot: Treatt appoints David Shannon as CEO
Drinks ingredients supplier Treatt has appointed Shannon to fill the vacancy left by long-term boss Daemmon Reeve, who stood down at the end of 2023
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NewsNomad Foods predicts 2024 volume growth as frozen trend rebounds
The Birds Eye owner has surpassed expectations with a record financial performance last year, with the frozen foods giant forecasting a return to volume growth in 2024
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NewsMedia Bites 1 March: Sainsbury’s, Ocado, Asda, UPF, Bud Light
In a busy morning of F&B news, the papers focus on job cuts at Sainsbury’s and a growing rift between Ocado and M&S
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NewsWincanton bidding war heats up as GXO tables £760m rival offer
GXO Logistics rival offer for Wincanton far surpasses French multinational Ceva’s initial bid