latest – Page 16
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NewsSelfridges sales recover in 2021 as new owners prepare to ride out cost of living crisis
The company posted a full-year sales increase of 28% to £653.4m, up from £508.5m the year before
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NewsCity snapshot: Danone announces exit from Russian business
Danone has this morning announced it plans to transfer control of its dairy and plant-based business in Russia, in a move that could cost the group €1bn. Plus Diageo and Refresco pursue global M&A.
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NewsCity snapshot: British Honey Co puts itself up for sale
Listed honey and spirits producer British Honey Co has launched a formal sales process amid the need for cash by the end of November
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NewsGetir in talks to acquire rapid grocery rival Gorillas
It is understood another rapid grocery player is also considering a move to acquire Gorillas
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NewsMorrisons proposal to sell 28 McColl’s stores accepted by CMA
In September, the CMA identified 35 areas where the deal could lead to a significant reduction in competition
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NewsNurture Brands expands snacking portfolio with Indie Bay Snacks
Nurture Brands, owner of Rebel Kitchen and The Primal Pantry, has agreed a deal to acquire pretzel supplier Indie Bay Snacks
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NewsCity snapshot: Science in Sport launches strategic review amid consumer slowdown
Sports nutrition specialist Science in Sport has launched a strategic review that could result in the sale of the company or assets as it warned of weaking consumer demand despite first half growth.
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NewsMackie’s of Taypack rescues own-label popcorn maker from administration
Snacking firm Mackie’s at Taypack has rescued one of the UK’s largest independent own label popcorn manufacturers from administration in a pre-pack deal, saving the jobs of 60 staff.
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NewsCBD player Cannaray proposes merger with Cellular Goods
Cannaray is planning to list its consumer CBD brands on the London Stock Exchange through a reverse takeover of Cellular Goods
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NewsPrepared meals duo pursue consolidation under Wellness Food Group umbrella
Fresh Fitness Food and Detox Kitchen, which deliver ready to eat meals, have announced they are consolidating under an umbrella company, The Wellness Food Group
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NewsPeckwater Brands acquires Honest Food Company from Delivery Hero
Virtual restaurant brand operator Peckwater Brands has expanded its reach with the acquisition of the Honest Food Company from German delivery service Delivery Hero.
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NewsM&A activity grinds to halt as fmcg industry battles soaring inflation
Dealmaking activity in the food and drinks industry looks set to return to lows not seen since the 2008 financial crash as rampant inflation led to a collapse in M&A over the summer.
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NewsMcCain Foods acquires Scelta Products to fuel frozen appetiser growth
The deal closed on 8 September and represents a significant investment from McCain to grow and expand in the frozen vegetable appetiser space
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NewsS-Ventures seals deal for German free-from brand Lizza
The deal for the pasta and bread supplier is part of a wider tie-up with Lizza’s former owner Peter Cremer Holding
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NewsAsda set to sell off 10% of its Co-op forecourts to appease CMA
Research by CACI found that 12 to 16 of the 132 Co-op petrol forecourt sites could be in breach of the Competition & Markets Authority’s ‘four to three rule’
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NewsCharlie Bigham’s tops £100m sales and snaps up frozen brand By Ruby
Revenues increased 29.2% – or £23.6m – to a record £104.4m in 2020/21 thanks to a legion of new customers trying the brand’s range of meals and puddings throughout lockdown.
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NewsCity snapshot: Diageo sells Archers Peach Schnapps to De Kuyper
De Kuyper Royal Distillers has acquired ‘British icon’ Archers Peach Schnapps from Diageo.
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NewsMorrisons asked to remedy competition concerns in McColl’s takeover
The CMA said “overall, the deal would not harm the vast majority of shoppers or other business”
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NewsHeineken takes full ownership of craft brewer Beavertown
Beavertown’s founder Logan Plant – the son of Led Zeppelin star Robert Plant – is stepping down as CEO
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NewsAlliance acquires wholesaler and distributer Payne Bros
The business is expected to be intergrated into Alliance’s existing UK regional and national network