All articles by Ed Devlin – Page 5
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NewsConsumer confidence on the wane ahead of autumn budget
The long-running GfK consumer confidence index fell by two points to –19 in September
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NewsPets at Home shares tank as CEO leaves in the wake of another profits warning
CEO Lyssa McGowan has left the business with immediate effect
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NewsHonestly Tasty takes control of La Fauxmagerie in vegan cheese deal
Artisan vegan cheese producer Honestly Tasty has acquired plant-based cheesemonger La Fauxmagerie
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NewsMighty Slice hires Fiona Fitzpatrick as business advisor as it launches in Morrisons
The new hire runs a consultancy and accelerator for food & drink startups, as well as hosting the Brand Growth Heroes podcast
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NewsFiid appoints Nix & Kix co-founder as CEO
Fiid has appointed a new CEO to spearhead the next phase of growth at the Irish plant-based convenience brand
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NewsSupermarket volumes fall as inflation ramps up pressure on shoppers
Volumes at supermarkets have remained under pressure as growth at the tills continues to be driven by rising food prices
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NewsFood inflation hits highest levels since January 2024
It is the fifth month in a row that food prices have climbed, with increases for vegetables, cheese and fish, the Office for National Statistics reported
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NewsNestlé chairman Paul Bulcke steps down early following Laurent Freixe scandal
Bulcke was due to step down as chairman at the company AGM in April next year to be replaced by current vice chairman Pablo Isla but will now leave the role early following shareholder concern over governance at Nestlé
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NewsBone broth challenger Freja appoints new MD to help drive growth
Freja has appointed a managing director to drive the next phase of retail growth at the bone broth challenger brand
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NewsUrban Legend prepares for collapse in blow to non-HFSS snacking
It is understood a deal has been agreed by an unnamed buyer for the IP and patented technology behind the company’s scientifically engineered non-HFSS doughnuts
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NewsAssociated British Foods shares plummet on consumer spending worries
Investors retreated from Associated British Foods this week as markets worried about a bleak consumer outlook after Primark’s sales came under pressure and the group’s grocery and sugar divisions also struggled
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NewsWhole Foods Market losses in the UK total more than £200m as sales decline
Whole Foods Market has posted another large loss in the UK as sales declined by 7% last year on the back of store closures
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NewsAssociated British Foods struggles with losses for Allied Bakeries and sugar business
ABF CEO George Weston said in a trading update this morning that he was ‘pleased’ with how the group performed in the second half of its financial year
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NewsMomo Kombucha raises £2m in biggest funding round to date
The cash – raised from 24 angels, including Brixton Brewery co-founder Jez Galaun and Natoora founder Franco Fubini – is earmarked for a new fit out of the brewery at New Covent Garden Market to help the business scale faster
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NewsLuke’s Bakery ready for next chapter as Pipers Crisps founders invest
Sourdough startup Luke’s Bakery has scored backing from two experienced food industry figures
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NewsPets Choice swoops for Kennelpak brands
Petfood manufacturer Pets Choice has swooped for several brands from collapsed wholesale petfood supplier and distributor Kennelpak
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NewsCapVest-owned Natra expands into peanut butter with Bredabest deal
The move would create a ‘powerhouse in sweet spreads and confectionery, combining expertise, innovation and scale to better serve customers across Europe and beyond’, according to Natra
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Analysis & FeaturesFree at last, but what next for Boots after Walgreens demerger?
It’s a much-loved institution but will Boots benefit from $24bn demerger and new private equity owners Sycamore?
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NewsNestlé shares under pressure as CEO Laurent Freixe sacked
Shares in Nestlé were under pressure once again this week as the Kit Kat and Nescafe supplier sacked its CEO Laurent Freixe following an investigation into his affair with a direct subordinate
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NewsSupreme picks up 1001 carpet cleaner in £2m deal
Tracing its heritage back to the 1940s, 1001 supplies a range of carpet and upholstery care products to the likes of Tesco, Asda, Morrisons, Home Bargains and B&M Bargains