All articles by Ed Devlin – Page 8
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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
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NewsSamworth Brothers debt burden soars to almost £200m
The Leicestershire-headquartered food manufacturing giant spent another £87.4m on projects in 2024, meaning net debt ballooned to £190m
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NewsWype raises £1m to clean up in ‘bottom care’
The brand sells a refillable cleansing gel that turns normal toilet paper into a sustainable wet wipe
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NewsConsumer confidence improves in August but clouds remain on the horizon
Consumer confidence has climbed to its highest level so far this year but remained fragile ahead of the upcoming autumn budget, according to a new report out this morning
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NewsOutlook good for M&A in food and drink after strong second quarter
M&A activity in food & drink is expected to continue ramping up in 2025 and beyond following a bumper second quarter, a new report shows
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NewsVita Coco sales race higher as coconut water demand booms
Vita Coco has continued to capitalise on consumers switching to healthier, less sugary beverages as UK sales at the business soared once again
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NewsGenius Foods sales plummet but management confident of turnaround in 2025
Sales at Genius Foods have plunged by almost a fifth as the gluten-free baker struggled with a long-running turnaround attempt
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NewsLakrids By Bülow ready for global expansion following IDG Capital buyout
The business said the deal marked a significant milestone in its evolution from a local artisanal liquorice brand into a globally recognised premium confectionery player