The Sunday Times and The Grocer both featured the scoop yesterday revealing premium snack maker Tyrrells’ first international deal since it was taken over by Investcorp for £100m in 2013. The company, which makes about 20% of its sales overseas, has agreed to buy Australian rival Yarra Valley Snack Foods in a bid to expand down under. The deal price for the Melbourne-based business has not been disclosed
In other M&A news, The Daily Telegraph carries a speculative piece about the ongoing bidding process Nakd and Trek bar owner Natural Balance Foods. Among the list of bidders said to be involved in the auction are Burton Biscuits, Kelloggs and Hain Celestial.
The Sunday Times reports that Unilever is planning a big push for the Ben & Jerry’s ice cream brand with ambitions to more than double the number of shops it operates in Britain. The consumer goods giant wants to increase the store estate from 85 to 200.
A report from ratings agency Moody’s about the effects on retailers of the new living wage introduced by George Osbourne gains decent mileage from a number of papers, including The Times and The Guardian. The Grocer reported on Friday that Moody’s warned the rise to £9 an hour for the minimum by 2020 would cause the big four grocers in particular a headache.