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All articles by Ed Devlin – Page 93
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NewsMorrisons faces break-up risk in private equity takeover, analysts warn
Bernstein said it “struggled to see the returns [for a buyout group] of the current offer without significant asset sales”
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NewsCity Snapshot: Heineken recovers from Covid crisis but warns of rising costs
Profits have more than doubled at Heineken as sales at the Dutch brewer recovered as pubs and bars reopened following extended global lockdowns. Plus, global agriculture group Camellia has acquired an 80% stake in apple grower Bardsley England, and Domino’s Pizza Group non-exec steps down.
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NewsFitbakes eyes retail expansion after hitting crowdfunding target
The business, founded by nutritionist Ella Rauen-Prestes in 2018, will use the money to help support a slated launch in 1,000 Tesco Express stores as part of its meal deal offering in the third quarter of 2021.
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NewsSmall Giants closes £400k funding round to bring insect snacking to the mainstream
Insect-based snacks start-up Small Giants has closed an investment round of more than £400,000 to supports its growth across the UK and Europe.
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NewsGriffith Foods expands UK presence with acquisition of The Flavourworks
Ingredients supplier The Flavourworks has been acquired by US product development group Griffith Foods for an undisclosed sum.
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NewsMedia Bites 29 July: Morrisons, Arla Foods, British American Tobacco
Morrisons is in the spotlight again this morning as the race to takeover the supermarket group heats up.
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NewsSingapore wealth fund joins Fortress-led consortium on £6.3bn Morrisons takeover
Cambourne Life Investment, a subsidiary of GIC, has agreed to join Fortress Investment Group – alongside Canadian pension fund CPPIB and a subsidiary of US group Koch Industries – as an additional co-investor
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NewsMorrisons’ largest investor Silchester publicly rebukes £6.3bn Fortress offer
Silchester International Investors, which holds a 15.1% holding in Morrisons, said in a statement that it was “not inclined” to support the existing offer from Fortress.
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NewsLindt sales soar as it emerges from Covid restrictions
Swiss confectionery giant Lindt & Sprüngli has soared back into double-digit growth as the shops emerged from lockdowns across the world and it continued to benefit from strong demand for premium chocolate in supermarkets.
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NewsPlant-based nutrition brand Pulsin acquired by VC firm S-Ventures
Pulsin makes a wide range of protein, keto, high-fibre and oat snack bars, as well as protein powders and shakes, under its own brand and for third parties.
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NewsMedia Bites 27 July: Pingdemic, Just Eat Takeaway, Cranswick
Christmas shopping risks being ruined by a shortage of lorry drivers caused by Covid restrictions and the migration of foreign staff.
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NewsCity Snapshot: Positive start for Cranswick on strong meat demand in supermarkets
Meat producer Cranswick has continued to benefit from strong demand in supermarkets over the summer, as well as the beginnings of a recovery for food-to-go and foodservice sales as Covid-19 restrictions eased further.
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NewsCheeky Panda lines up £300m IPO and eyes major player status
CEO Chris Forbes said he expected Cheeky Panda to grow large enough to compete with the biggest players in the household paper category
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NewsEmber to ramp up campaign against factory farming as it hits £800k crowdfunding target
Founded three years ago by brothers Harry and Jack Mayhew, the business has currently raised £945,000 from 244 investors, including ASOS CEO Nick Beighton, with the Seedrs round closing next week.
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NewsMedia Bites 22 July: Pingdemic, M&S, BrewDog, Asda
Supermarkets apologised for empty shelves in stores yesterday amid warnings that the “pingdemic” was putting a strain on supply chains.
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NewsMomentum gathers at Vimto owner Nichols as lockdown ends
Vimto maker Nichols is seeing good momentum returning to its out-of-home business thanks to the easing of lockdown restrictions, hot weather and demand driven by England’s performance at the delayed Euro 2020.
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NewsCity Snapshot: Vimto maker Nichols returns to sales and profits growth as Covid restrictions end
Revenues and profits have returned to strong growth at soft drinks supplier Nichols thanks to the easing of lockdown restrictions and continued demand for the Vimto brand. Plus, Bakkavor reports ready meals and other prepared foods back at pre-pandemic levels.
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NewsParsley Box boss Kevin Dorren confident in long-term growth of DTC model
Parsley Box CEO Kevin Dorren told The Grocer he is confident about the long-term viability of the DTC model in the face of investor scepticism.
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NewsCheeky Panda unveils IPO ambitions as £2.5m crowdfunding campaign closes
The company, which is this week bringing a £2.5m crowdfunding campaign on the Seedrs platform to a close, said it planned to float on the London market in the next 24 months.
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NewsMedia Bites 20 July: Freedom Day, Ocado, Johnson & Johnson
The papers focus on yesterday’s ‘Freedom Day’ this morning, including the global stock market sell-off and the ongoing ‘pingdemic’.