All articles by Ed Devlin – Page 79
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NewsFruit lager Jubel seals £2.7m funding to back growth
Magners producer C&C Group, which already owns a minority stake in the brand, provided follow-on funding.
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NewsBramble Foods undergoes MBO backed by private equity firm LDC
The minority investment from the PE firm will help accelerate organic growth and build scale through bolt-on acquisitions.
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NewsMedia Bites 13 January: Sainsbury’s, Pret a Manger, Unilever, Beyond Meat
A busy morning in the papers takes a deep dive into the Sainsbury’s Christmas trading figures, as well as stories on Pret, Unilever and Beyond Meat.
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NewsSamworth Brothers appoints Brakes CEO as new boss to replace outgoing Flor Healy
Hugo Mahoney is to take over the reins from Flor Healy, who is retiring from the top role at the Ginster and Soreen supplier.
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NewsTonic Health smashes £200k crowd goal as it eyes growth in US
Tonic has so far raised £316k from almost 200 investors on the Seedrs platform and continues to overfund from its £200k target.
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NewsCity Snapshot: Sainsbury’s lifts profit forecasts despite Christmas sales slump
Sainsbury’s has lifted its profit guidance for the year despite a fall in sales over the key Christmas trading period. Plus, Just Eat Takeaway misses full-year growth target, and Vimto maker Nichols issues full-year trading update.
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NewsSymington’s appoints joint CEOs as David Cox departs following Newlat takeover
Cox has been replaced by sales director Christian Boulter and finance director Henry Breese, who will take on the role of joint CEO
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NewsTiba Tempeh scores £500k seed funding to accelerate plant-based growth
Plant-based start-up Tiba Tempeh has closed a £500k seed funding round as it prepares to expand its distribution into the major supermarkets and overseas
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NewsMedia Bites 11 January: Aldi, Xmas retail sales, Wilko, THG
The papers focus on Aldi’s Christmas results, alongside continuing woes for THG and store closures at Wilko.
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NewsCity Snapshot: Aldi vows to keep prices low after record-breaking Christmas
Aldi has stepped up a price war against its supermarket rivals with a commitment to offering customers the lowest prices in 2022 after reporting its best-ever Christmas.
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NewsInsect petfood maker Aardvark smashes £150k funding goal
The business, started in 2020, has so far raised £230k from more than 340 investors on the Crowdcube platform.
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NewsLily’s Kitchen sales soar 40% in first year of Nestlé ownership
Turnover jumped more than £15m to £55.4m in the 12 months to 31 March 2021.
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NewsRegal Food Products sweetens portfolio with Just Desserts acquisition
Just Desserts specialises in baking a range of more than 130 hand-crafted desserts and cakes, including tarts, cheesecakes and gateaux, for restaurants, cafes, retail outlets and other businesses throughout the foodservice industry
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Analysis & FeaturesFood & drink in the stock market: who’s up and who’s down?
Covid, Brexit, labour shortages – plcs have had plenty to contend with. So how have stocks fared amid the turmoil?
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NewsGousto secures $100m from SoftBank to boost capacity amid soaring demand
Gousto has raised a further $100m in its latest fundraising round, valuing the recipe kit firm at $1.7bn.
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NewsMedia Bites 7 January: Greggs, inflation, Boots, Gousto, B&M
The papers are full of food and retail news this morning, taking in trading updates at Greggs, Boots and B&M.
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NewsMedia Bites 6 January: Kantar, Omicron, Majestic Wine
The papers shine a spotlight on the latest Kantar data for the Christmas period.
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NewsFood & drink M&A specialist Stamford Partners snapped up by US investment bank Piper Sandler
The deal will bolster Piper Sandler’s M&A expertise in the food and drink space in the UK and Europe.
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NewsSupermarkets enjoy bumper Christmas despite Omicron fears
Grocery sales hit £11.7bn in December as shoppers splashed out on luxury items to celebrate Christmas. Plus, Andy Bond stands down as Pepco CEO.
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NewsMedia Bites 4 January: Veganuary, Müller, Boots
All of the news from this morning and the past few days as the new year gets underway.