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All articles by Ed Devlin – Page 70
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Comment & OpinionWalgreens was overambitious with Boots sale plan. Now it has to fix a neglected estate
WBA has talked up the No7 Beauty Company alongside Boots. Could the beauty category be key to its future success?
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NewsMorrisons sales slump amid ‘very challenging’ trading environment
An update to investors for the 13 weeks ended 1 May revealed a 6.4% decline in like-for-like sales in the second quarter
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NewsCity snapshot: Food inflation ramps up in June as fresh prices accelerate
Food prices have raced to a new 11-year high, according to the latest shop price index from the BRC and NielsenIQ. Plus, McBride secure banking covenant waiver as it continues to battle with soaring costs; B&M issues first-quarter update; and Moonpig reveals full-year results.
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NewsBoots owner pulls the plug on £5.5bn auction for the UK chain
The owner of Boots has abandoned its attempts to sell the UK chemist chain after failing to find a buyer willing to meet its price expectations.
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NewsMedia Bites 28 June: National Lottery, FSA, PZ Cussons
Camelot has warned that players have “tightened their belts” in the face of soaring living costs.
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NewsAfrican Originals beats crowdfunding target as its launches craft ciders in UK
Drinks start-up African Originals, which launched in the UK this month, has beaten a £600k crowdfunding target to back the next stage of growth at the craft producer.
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NewsThistle Seafoods nets Dawnfresh factory in administration deal
Thistle plans to develop the 100,000 sq ft site in Uddingston in South Lanarkshire into an advanced added-value seafood processing and distribution centre for retail and wholesale customers in the UK and overseas.
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NewsCity Snapshot: Higher prices provide boost to PZ Cussons sales
Personal care group PZ Cussons has continued to make progress in its turnaround as its new strategy. Plus, full-year results from Cake Box and the latest innovation from Parsley Box.
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NewsMedia Bites 24 June: Juul, recession, Naked Wines
US regulators have banned Juul Labs from selling its e-cigarette products in the country, while the papers also report of the looming threat of a recession in the UK and a 40% plunge in the share price of Naked Wines.
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NewsThe Vegan Kind appoints fresh CEO as new owners take over from founders
The Vegan Kind launched as a subscription delivery box service in 2013 before expanding to a full retail offer in 2016 New owners have taken control of The Vegan Kind and instated a new boss in a bid to spur on its next stage of growth. Investment ...
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NewsMedia Bites 23 June: Mars, Boots, inflation, Unilever
Mars has announced its chief executive Grant Reid is to step down after eight years with the group.
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NewsHonestly Tasty to take vegan cheese mainstream with backing from Veg Capital
Honestly Tasty will put the funds to work to accelerate its NPD pipeline, which includes a cultured hard cheddar that melts like the real thing, alongside stilton, feta and Wensleydale alternatives.
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NewsCity Snapshot: Soaring food prices drive up UK inflation rate in May
Rising food and drink prices were the biggest driver of an uptick in inflation last month, according to new figures this morning. Plus, Carslberg CFO resigns and Unilever appoints Royal FrieslandCampina CEO as a non-exec.
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NewsKellogg’s announces radical overhaul with three-way split of global business
Kellogg’s is set to split itself into three separate companies as part of a radical overhaul and a focus on snacking to drive growth at the group
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NewsMondelez International expands healthier snacking portfolio with $2.9bn Clif takeover
The deal expands the Cadbury owner’s snack bar business to more than $1bn following previous complementary takeovers of performance nutrition brand Grenade in the UK and refrigerated snacking player Perfect Snacks in the US.
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NewsMedia Bites 21 June: Ocado, inflation, Primark, M&S
There is plenty going on in today’s papers from a fresh injection of capital at Ocado to ABF kicking off a digital trial at Primark.
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NewsRococo Chocolates rescued in £100k pre-pack deal by Gruppo Illy company
Established on the King’s Road in London in 1983 by Chantal Coady, Rococo struggled to cope during the pandemic, despite a significant increase in online sales throughout lockdown.
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NewsCity Snapshot: ABF sales soar on food price increases and Primark reopening
Group revenues at ABF increased 32% to £4bn as all Primark stores reopened following the ending of lockdown restrictions and it hiked prices in its grocery and ingredients divisions. Plus, Deliveroo appoints a new CFO.
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NewsLittle Cooks kicks off £750k funding drive to back ‘HelloFresh for kids’ concept
The business, founded by Helen Burgess in 2017, will use the funds to grow beyond its monthly subscription boxes of home baking and cooking kits, which are designed to help children and parents engage with healthy eating.
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NewsFerrero UK sales soar by £40m as shoppers seek boxed chocs
Revenues for the UK and Irish operations increased 10.3% to £450.1m in the year ended 31 August