Heinz tomato ketchup will be made in Britain again after its owner announced plans for a £140m upgrade of a site on the outskirts of Wigan (The Times £).
Salad Cream is coming back to Britain as part of Kraft Heinz’s plans to invest £140m in its Wigan factory in a post-Brexit vote of confidence in Britain (The Times £).
It would be Kraft Heinz’s biggest expansion of a manufacturing site outside the US in more than 20 years (BBC News). The company said it is also one of the largest investments in UK manufacturing since Brexit.
Caffè Nero has seen off the latest threat from the Issa brothers after filing its annual accounts on time and pledging to meet all of its banking covenants following a rally in sales (The Times £).
Caffe Nero is scrambling to satisfy its lenders and avoid falling into the clutches of the billionaire brothers behind Asda (The Telegraph).
Ocado is considering a future expansion of its retail operations outside the UK for the first time, its chief executive has said in an interview with The Financial Times (£).
Nestlé has acknowledged that more than 60% of its mainstream food and drinks products do not meet a “recognised definition of health” and that “some of our categories and products will never be ‘healthy’ no matter how much we renovate” (The Financial Times £).
UK and European investors have overwhelmingly shunned Deliveroo, with data showing that just four out of 18,000 mutual funds in the continent have invested in the food-delivery company since its disastrous initial public offering in March (The Financial Times £).
Deliveroo has severed ties with one of its key City advisory firms after last month’s disastrous float. The Mail on Sunday reported the takeaway giant has severed links with Finsbury Glover Hering, a PR firm run by Remain campaigner Roland Rudd, just weeks after £2bn was wiped off its value on its stock market debut.
The fourth part of an FT series examining the future of retail looks at how retailers have turned to online marketplaces in a scramble for sales (The Financial Times £).
Britain’s economy will grow at its fastest pace since the Second World War as households spend their savings and businesses ramp up investment, the Organisation for Economic Co-operation and Development has said (The Times £).
Craft breweries that multiplied during a years-long boom are toasting the return of socialising after a precarious year. But even as they reopen, brewers face continuing pressures, from potential tax changes to competition from craft brands bought out by international brewing groups (The Financial Times £).
Hopes of a post-Covid “explosion in revelry” this summer are at risk from staff shortages, uncertainty about the variant first discovered in India and the ongoing closure of many venues, hospitality industry figures have warned (The Guardian).
High streets are threatened with a “tsunami” of shop closures as landlords are freed to claim billions of pounds in unpaid rent through the courts, retailers have warned (The Telegraph).
Domino’s Pizza is hiring 5,000 cooks and delivery drivers, as staff who joined during the pandemic head back to former roles (BBC News).
The rapid food delivery market is a bike crash waiting to happen, The Sunday Telegraph says in a comment piece.
US retail giant Walmart is facing increased pressure to add employee representation to its board, as a leading figure on the Christian left, the Rev William Barber of the Poor People’s Campaign, says he will press the company on the issue at its annual shareholders meeting on Wednesday (The Guardian).