All articles by Harry Holmes – Page 2
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NewsStarbucks to shutter cafés in £750m turnaround plan
The world’s biggest coffee chain is battling slowing sales due to high prices and strong competition
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NewsProper Snacks sales back on track with new factory
Proper Snacks was taken over by private equity in 2021 and merged with Eat Real
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NewsKTC Edibles tripled profits ahead of sale to Whitworths
Despite rising profits, revenue for KTC Edibles has dropped for the second year in a row
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NewsCo-op cyberattack to cost £120m in lost profits
Co-op’s stores suffered widespread availability issues for two weeks in May
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NewsEnglish sake brewer Shogun Sakes raises £550k
Sake is flourishing in the UK with new specialised bars and breweries opening
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NewsChapel Down makes global drive to steal champagne’s fizz
The English winemaker is launching a new strategy under its new leadership team
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NewsHeinz UK sales stabilise after troublesome few years
Heinz’s volumes fell almost 20% as shoppers turned to own-label ketchups and beans to save money
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NewsBulmers owner C&C Group loses CFO as revenue slips
Andrew Andrea is leaving for Domino’s Pizza after just 18 months at C&C
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NewsBrits’ confidence in economy down amid high inflation and budget fears
Half of Brits are now expecting the economy to get worse in the run-up to Christmas
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NewsGeneral Mills' sales down again as shoppers ditch big brands
The US company manufactures Häagen-Dazs, Old El Paso, and Green Giant in the UK
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NewsUnilever confirms veteran Srinivas Phatak as new CFO
Phatak took on the acting CFO role in February after Unilever unexpectedly ousted CEO Hein Schumacher
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NewsBrits turn to supermarkets for school essentials after prices drop
Supermarkets saw a surge in sales of school clothes and lunchbox staples after investing in prices
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Analysis & FeaturesWhat’s going wrong with the Windsor Framework?
It was designed to solve the problems Brexit caused to Northern Irish imports and exports – but red tape and the resulting red lanes remain
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NewsAldi doubles down on expansion plans with £1.6bn for new stores
The decision to invest in infrastructure contributed to a 20% decline in Aldi’s profits last year
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NewsSainsbury’s ends talks to sell Argos to China’s JD.com
The grocer’s plans to sell the retailer only emerged on Saturday
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NewsFever-Tree’s profits fall after Molson Coors tie-up
Molson Coors bought a stake in Fever-Tree this year as part of a deal to produce, distribute, and sell the drinks brand in the US
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NewsTHG profits down a third due to high whey prices
But the company said trading momentum is building with strategic model changes now bearing fruit
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NewsJohn Lewis Partnership racks up losses in pursuit of rivals
The group insisted it is still ‘well positioned’ to deliver full-year profit growth
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NewsRetailers cautious ahead of ‘golden quarter’ despite strong summer
The autumn budget will fall just days before Black Friday, making retailers uneasy about its impact on Christmas spending
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NewsTreatt sells up in £160m private equity takeover
Treatt has come under immense pressure from investors this year after twice downgrading its profit guidance