latest – Page 13
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NewsCity snapshot: Kellogg’s scraps sale of MorningStar Farms amid falling plant-based valuations
Kellogg’s has scrapped plans to spin off or sell its plant-based division MorningStar Farms amid a plunge in the valuation of competitors in the sector
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NewsSerious Sweets snaps up premium marshmallow brand Mallow & Marsh
Own-label confectionery maker Serious Sweets has continued its acquisition spree with the takeover of premium marshmallow brand Mallow & Marsh.
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NewsBurts Snacks acquired by Kolak owner Europe Snacks
Premium snacks brand Burts has been snapped up by French own label manufacturer Europe Snacks for an undisclosed sum
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NewsCity News: Market struggles to untangle implications of Bestway’s Sainsbury’s investment
Bestway’s shock investment in Sainsbury’s last week sent City tongues wagging and the supermarket’s shares to 11-month highs as the market attempted to decipher the implications
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NewsTesco snaps up Paperchase from administration
The deal involves he Paperchase brand and related intellectual property, rather than the 106 Paperchase stores across the UK, which employ about 820 staff
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NewsFinsbury Food Group expands reach with Lees of Scotland acquisition
Specialist bakery Finsbury Food Group has acquired snowballs maker Lees of Scotland for £5.7m in cash
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NewsHome Bargains snaps up variety discount chain Quality Save
Quality Save’s 21 stores in the north of England are to become part of Home Bargains’ estate
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NewsCity snapshot: Unilever appoints Royal FrieslandCampina boss as CEO
Unilever has appointed Royal FrieslandCampina boss Hein Schumacher as successor to outgoing CEO Alan Jope. Plus, Finsbury Food Group announces an acquisition, Kitwave appoints a NED and Lidl GB unveils further investment for British suppliers.
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NewsCity snapshot: Bestway Group takes 3.45% stake in Sainsbury’s
Costcutter owner Bestway Group has announced this morning it has taken a 3.45% stake in Sainsbury’s and may buy further shares in the supermarket
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NewsAsda slashes night shifts in cost-cutting move affecting thousands
A consultation with staff began this week and Asda stressed the overall level of store hours would be unaffected, though it could not rule out redundancies
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NewsVirtual restaurant brand Peckwater pushes further into Europe
Virtual restaurant brand player Peckwater Brands has expanded its reach further into Europe with the acquisition of competitor Eatclever
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NewsJuice Executive expands with Juice 4 Thought acquisition
Organic cold-pressed juice manufacturer The Juice Executive has snapped up premium brand Juice 4 Thought to expand into new markets.
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NewsDeal values plunge as inflation and lack of debt hit M&A
Deal values in the food and drink industry slumped in 2022 as suppliers battled spiralling costs, consumers cut back on spending and private equity firms had a harder time securing debt for M&A, according to a new report.
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NewsBidcorp UK acquires Suffolk-based wholesaler Thomas Ridley Foodservice
Formerly a member of the Country Range group, Thomas Ridley has over 2,000 catering and hospitality customers throughout London and East Anglia
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NewsCérélia acquisition of dough brand Jus-Rol rolled back by CMA
The deals watchdog has blocked the French bakery giant’s acquisition of the ready-to-bake pastry brand following concerns it will push up prices for shoppers and lower product quality
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NewsThe Curators buys rival snacking disruptor Cheesies in Yeo Valley-backed deal
The deal sees The Curators grow its portfolio of high-protein, low-carb and keto-friendly snacks
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NewsCMA kicks off competition inquiry into Asda’s Co-op forecourt deal
The CMA did not disclose any further details of the parameters of its inquiry or whether it would factor in EG Group forecourts
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NewsDiageo shells out €260m-plus for ‘super premium’ Don Papa Rum
Diageo has agreed to acquire Don Papa Rum, a super-premium, dark rum from the Philippines, in a deal worth up to €438m (£385m)
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NewsBidcorp acquires foodservice supplier Harvest Fine Foods
Harvest supplies over 1,000 catering establishments across the Dorset, Hampshire and Sussex areas and stocks a range of 4,500 chilled, frozen and ambient products
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NewsPrinces owner in search of buyer as sales fall sharply
The owner of tinned food giant Princes has kicked off a search for a buyer, as newly filed accounts revealed it suffered a sharp drop in sales and profits as surging Covid demand eased