All articles by Ed Devlin – Page 57
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NewsMedia Bites 20 December: Tesco, Asda, footfall
Tesco faces questions about its South East Asian supply chain and Asda is hit by a trolley shortage.
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NewsCity snapshot: British Honey Co losses surge
Losses at the British Honey Co ballooned to £12m in 2021 as a result of a number of writedowns, it was revealed this morning as the distiller and honey producer published long-delayed accounts.
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NewsMedia Bites 19 December: Sainsbury’s, Tesco, energy bills, pigs in blankets
Sainsbury’s boss Simon Roberts has pledged to spend £550m to cut prices and take on Aldi.
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NewsJuvela gluten-free brand snapped up by S-Ventures
Fmcg investment house S-Ventures has acquired gluten-free brand Juvela to expand its portfolio of free-from suppliers
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NewsCity snapshot: Losses widen at Real Good Food as volumes tumble
Falling volumes and a delay in passing through price increases has pushed Real Good Food further into the red. Plus, consumer confidence edges up but remains at historic lows, and retail sales fall unexpectedly.
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NewsMedia Bites 16 December: Unilever, interest rates, consumer confidence
Unilever has resolved a lawsuit brought by the board of Ben & Jerry’s over sales in the occupied Palestinian territories, ending an 18-month dispute.
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NewsNurture Brands buys seaweed crisp maker Abakus Foods
Plant-based group Nurture Brands has continued to build its portfolio of brands with the acquisition of seaweed crisps producer Abakus Foods.
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NewsMedia Bites 15 December: inflation, Aldi, Pepco, insolvencies
The main stories in today’s papers is the fall in the UK inflation rate.
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NewsOcado Retail ‘small restructure’ results in 40 head office job losses
The company told The Grocer it had last month “completed a small restructure at its head office site” as part of an “ongoing drive for efficiency and cost effectiveness”
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NewsBumboo smashes £400k crowd target to grow bamboo toilet paper brand
Eco toilet paper challenger Bumboo has cleaned up a £400k crowdfunding round, valuing the startup at £5m
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NewsCity snapshot: Food prices hit new 45-year high but overall inflation slows
Food prices have continued to soar to fresh 45-year highs despite the overall headline rate of UK inflation slowing down in the past month. Plus, The British Honey Co and Love Hemp both secure loans to solve immediate cashflow pressures.
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NewsGrounded closes seed round to fund plant-based protein shakes
Launched in 2020, the brand quickly picked up listings in premium retailers such as Selfridges and Planet Organic, as well as in the Soho House estate and gym groups across London, including Virgin Active and Gym Box.
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NewsThe British Snack Co raises £150k from the crowd
Snacking brand The British Snack Co has hit a crowdfunding target as it prepares to relaunch its pork scratching range and accelerate the growth of its sales channels.
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NewsToast Ale secures £2m to continue food waste fight in beer category
Social enterprise brewery Toast Ale has raised more than £2m to grow the positive impact of its business, with investors including Heineken and former Unilever boss Paul Polman.
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NewsMedia Bites 13 December: high street, hot water bottles, UK economy
Frustrated online shoppers are being steered to bricks-and-mortar stores
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NewsCIty snapshot: Kitwave acquires foodservice wholesaler WestCountry Food in £29m deal
Kitwave Group has snapped up fresh produce wholesaler WestCountry Food Holdings for £29m to incorporate into the company’s foodservice division. Pkus, Fever-Tree Drinks appoints new chairman.
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NewsWholefood Earth to give The Vegan Kind website ‘a new life’
Online supermarket The Vegan Kind, which shuttered last month, has been revived by a family run vegan foods retailer with plans to reinvigorate the brand and bring it back to operations.
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NewsFreshcut Foods close to new investment as Perwyn lines up exit
Perwyn hired advisors at US-based investment bank Stephens to explore options for the fresh ingredients supplier earlier this year.
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NewsMedia Bites 8 December: Christmas price wars, Mitchells & Butlers, GSK
Aldi, Lidl and Sainsbury’s have kicked off the annual price battle on Christmas vegetables, offering bags of sprouts, carrots, parsnips and potatoes for just 19p.
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NewsWholey Moly closes its doors in the face of mounting pressure
Cookie start-up Wholey Moly has ceased trading after being overwhelmed by a barrage of challenges this year.