All articles by Ed Devlin – Page 82
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Media 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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Food & 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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Supermarkets 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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Media Bites 4 January: Veganuary, Müller, Boots
All of the news from this morning and the past few days as the new year gets underway.
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City Snapshot: CBD brand Love Hemp launches Deliveroo trial for on-demand delivery
A Love Hemp virtual store, with the company’s full range of CBD oils, capsules and edibles, is now live on delivery app service.
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Media Bites 23 December: food shortages, Omicron, BrewDog, Parsley Box, Pret A Manger
Britons are many times more likely to have experienced shortages of food and fuel than people in half a dozen EU member states, according to a poll.
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Media Bites 22 December: Omicron, THG, Aldi, McDonald’s
Omicron continued to dominate the headlines this morning as Rishi Sunak succumbed to pressure from business leaders and announced more than £1bn in support for companies across the UK hit hardest by the pre-Christmas surge.
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City Snapshot: Parsley Box hires former John Lewis exec as managing director
DTC meal delivery firm Parsley Box has created a managing director role to free up CEO Kevin Dorren to focus on strategic growth opportunities. Plus, General Mills warns of significant input cost inflation and elevated costs related to supply chain disruptions in Q2.
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Farmdrop staff weigh up legal action following collapse
Staff at failed online grocer Farmdrop are considering taking legal action against the company amid allegations it failed to properly consult employees during the redundancy process
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City Snapshot: Naked Wine expands distribution footprint in the US
Naked Wines has increased its distribution across the US with the addition of the state of Alabama to its footprint in the country.
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Media Bites 21 December: Omicron, McVitie’s, GSK, BrewDog
Fears of renewed restrictions caused by the Omicron variant occupy the papers this morning.
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Camden Town Brewery losses rise despite supermarket sales increase
Volumes in the off-trade almost doubled in the year ended 31 December 2020. However, these sales were not enough to offset the lost trade at pubs, restaurants and other foodservice venues.
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Ex-Tesco boss Dave Lewis to lead GlaxoSmithKline £40bn consumer arm spin-out
GSK confirmed Lewis would take up the role of non-executive chairman designate of the new consumer healthcare company from 1 January 2022.
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Online grocer Farmdrop cancels Christmas deliveries as it falls into administration
Online grocer Farmdrop has ceased trading after failing to secure the funding needed for its survival, The Grocer has learned
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Media Bites 17 December: petrol, Just Eat Takeaway, exports, McDonald’s
The difference between the price of petrol at supermarkets and the UK average has fallen to its lowest level in five years, highlighting how competition in the industry has lessened, according to an analysis by the AA.
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Lilk secures six-figure backing from Giles Brook-led round
Award-winning alternative dairy drinks start-up Lilk has scored a six-figure investment to help launch its range in the supermarkets in 2022.
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Media Bites 16 December: Omicron, beef, M&S
Business leaders have called on the government to move quickly to restore confidence amid the rapid spread of Omicron and fears that a large number of workers will call in sick, creating further disruption to supply chains.
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City Snapshot: Inflation soars to ten-year high as food and petrol prices climb higher
Inflation has continued to surge higher in November as record fuel prices, soaring energy costs and increased food prices ramped up the cost of living for families ahead of Christmas.
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Black Bee Honey generates buzz as crowdfunding campaign more than doubles target
Black Bee Honey has more than doubled a crowdfunding target as it seeks to expand and support newly won retail listings.
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Media Bites 14 December: Fuel prices, supply chain, Omicron, Ocado
A senior Tesco executive reportedly told City analysts that retailers are making better profit margins on fuel sales after Asda’s takeover by the Issa brothers.