Media Bites 13 April: Lockdown, rapid grocery delivery, Cake Box
The main focus in the papers this morning is the reopening of non-essential shops, beer gardens, hairdressers and gyms as lockdown begins to ease.
Media Bites 12 April: Asda, Online grocery, Retail reopening
Senior staff are preparing to stage an exodus at Asda after receiving final payouts from a Walmart share scheme
City snapshot: Record year for Cake Box despite Covid disruption
Cake retailer Cake Box is set to report a record year despite the challenges of ongoing lockdowns throughout 2020 and 2021. Plus, drinks ingredients group Treatt updates the market on first-half trading and Russian food retailer X5 acquires a dark kitchen operator.
Buckfast warns of slowdown despite sales passing £50m
Newly filed accounts for Buckfast distributor J Chandler & Co said momentum had slowed in 2020/21
Hilton Food Group comes out on top with pandemic sales soaring
The multi-protein group reported a 53% surge in annual revenues off the back of the shift to home cooking during the pandemic
Deliveroo share price rise shows investors aren’t bothered about gig economy workers
While CEO Will Shu and early investors have made hundreds of millions (despite the IPO flop), a damning report last month found many workers are paid less than the minimum wage
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Supermarket prices in deflation despite fall in imports from EU
The Grocer Price Index found that overall the big four’s prices fell back 0.2% year on year across February
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.
Eight Fifty Food Group: how CapVest built and sold a £2bn protein business
Why Big Chocolate is snapping up healthier snacking brands like Grenade, Kind and Eat Natural
Will Biffa’s Company Shop buyout cut down on food waste?
Will Valeo Foods have any biters at £1.5bn?
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