All articles by Elena Cherubini – Page 7
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NewsCity snapshot: Mindful Chef launches £25m fundraising round
Mindful Chef is seeking £25m in a new fundraising round as private equity investors, blue-chip conglomerates and retailers clamour to own a piece of the fast-growing recipe box brand
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NewsPosh crisps maker Kettle slashes losses ahead of sale to Valeo
Premium crisps manufacturer Kettle Foods has cut its losses by over 85% in the year ahead of its sale to Irish food giant Valeo
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NewsMedia Bites 30 April: John Lewis/Waitrose, Sainsbury’s, UK retailers
Sharon White takes U-tunr on predecessor plan,Sainsbury’s warn queues could remain until Septmeber and retailer struggle to access government cash
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NewsExeter-based wholesaler J&R Food Service turns DTC after securing government loan
The cash was used to diversify the business into supplying food and essential items to households across the south west
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NewsBelgian food tech startup Deliverect raises €16.3m to expand internationally
The company will use the investment to support R&D and product development, solidify its position in Europe and expand internationally
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NewsCity snapshot: Fever-Tree co-founder to step down
Charles Rolls has announced he will step down from the company’s board at the next annual general meeting on 4 June
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NewsCoronavirus: SMEs welcome ‘lifeline’ of government-backed ‘bounce back’ loans
The new micro loan scheme comes as previous emergency measures for SMEs received harsh criticism for letting many “slip through the cracks”
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NewsMedia Bites 28 April: Tesco, Treasury/loans, Imperial Brands
Tesco starts laying off temporary staff, Sunak unveils new loans for small businesses and Imperial brands sells cigar unit
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NewsCMA to investigate Danone’s acquisition of Harrogate stake
The UK Competition & Markets Authority has launched an investigation into the proposed acquisition of a majority stake in UK bottled water brand Harrogate by French dairy giant Danone.
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Comment & OpinionAs consumers retreat to old favourites, will coronavirus be the death of challenger brands?
Startups desperately need support – from consumers and supermarkets – to survive
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NewsCity snapshot: John Lewis mulls bringing in external investor
The John Lewis Partnership is considering bringing in an external investor to help finance and launch a new joint venture
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NewsUnilever sees 2020 sales growth clobbered by coronavirus
The consumer giant’s sales growth for the first three months of the year fell back to zero
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NewsMr Lee’s raises over £1.6m from the crowd to support US launch
The cash raised will be used to advance Mr Lee’s operations funding an upcoming nationwide US launch, the expansion of its vending business and the rollout of its latest NPD
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NewsCity snapshot: Nestlé sales fall as coronavirus hits Chinese trade
Nestlé has reported a 6.2% sales drop in the first quarter of 2020, as stockpiling in the US and Europe failed to offset a slump in the Chinese market
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NewsMedia Bites 23 April: John Lewis, Fever-Tree, Heineken
John Lewis has furlough 14k employed as sales dropped, Unilever warned of “lasting change” in consumer behaviour and FeverTree sales held us with customers treating themselves to home drinking
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NewsFmcg brands worry government furlough scheme delays will hit cashflow
The government has said money will take six days to reach firms, but many are sceptical
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NewsCashback app GreenJinn kicks off funding push to roll out online shop function
The coupons cashback startup is looking to raise £3m to expand its service, developing an integrated online shop function within the app
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NewsCity snapshot: FeverTree annual sales rise 10% but coronavirus impact will be ‘material’
FeverTree annual revenues surged but the company expects “material impact” from the coronavirus pandemic. Plus, Glanbia’s 2020 sales rise but it withdraws full year guidance and all the rest of the latest news from the City.
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NewsTonic Health closes six-figure funding round as coronavirus boosts sales
The business experienced “incredible growth” this year as consumers started to understand the importance of the immune system
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NewsHuel rival YFood secures multimillion investment to expand across Europe
The German-based business will use the funds to roll out its model, already profitable in Germany, Austria and Switzerland, across Europe