Grocery and FMCG finance news, analysis and insight

Non-alcoholic spirits brand Lyre’s raises £9m in growth funds

2020-09-24T23:00:00+01:00By Edward Devlin

Addo Food Group’s PE owners ready £200m-plus sale

Addo could command a price tag of £200m-plus after strong growth under LDC’s ownership

Healthy eating tech startup Smash secures £1m funding

The app will offer 13 to 24-year-olds discounts on healthier food options at food-to-go retailers

Media Bites 24 September: Uncle Ben’s, Tesco, Asda, Ocado

Uncle Ben’s is to change its name following criticism that its branding involved racial stereotyping

City snapshot: Pets At Home upgrades profit expectations

Consumers flocked to its shops and veterinary operations over the summer

PZ Cussons profits dive but Carex is star performer in the UK

Carex drove growth in the first quarter and has increased UK market share to about 40%

General Mills profits soar as consumers continue to eat more meals at home

US food group General Mills has continued to benefit from increased in-home consumption despite consumers returning to restaurants as coronavirus lockdown restrictions eased.

City snapshot: Trading improves at SSP as concessions reopen

Addo Food Group’s PE owners ready £200m-plus sale

Non-alcoholic spirits brand Lyre’s raises £9m in growth funds

Media Bites 22 September: Coronavirus, Unilever, Aldi/Lidl

Restructures and Receiverships

Albert Bartlett completes Kiddyum brand rescue deal

Tesco price-cutting drive shifts it into annual deflation

Tesco’s drive to cut prices in the post-lockdown market has seen it move back into annual price deflation for the first time in almost a year

The Grocer Price Index - Categories
The Grocer Price Index - Retailers

The GPI tracks pricing of more than 70,000 grocery products using a 12-month chained index. The index was set at 100 in September 2008. The average does not include Waitrose. The GPI is compiled by Brand View.

As Thorntons losses mount, can Ferrero turn the heritage chocolatier around?
How will CMA’s ‘failing firm’ ruling on Amazon-Deliveroo investment impact future deals?
What does the future hold for Rockstar Energy under PepsiCo?
How will suitors to Asda shake up its vast estate?