latest – Page 3
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NewsFirst Milk snaps up Dorset-based supplier BV Dairy
BV posted sales of just under £60m last year, with operating profits of £3.3m
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NewsBreal shutters London brewing operations in consolidation move
Consolidation had been on the cards following Breal’s 2023 acquisition spree
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NewsSuffolk brewer Adnams appoints advisors after losses mount
Losses at Adnams widened to £2.4m in the first six months of last year
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NewsCity snapshot: SSP Group expands Australian footprint with ARE deal
Travel food-to-go operator SSP Group has expanded its presence in Australia with the acquisition of Airport Retail Enterprises
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NewsCity snapshot: Tesco sells majority of banking arm to Barclays for £1bn
Tesco has announced it will sell it’s the majority of its banking operations to Barclays, with the deal worth £1bn in total.
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NewsNorth Brewing’s unsecured creditors ‘highly unlikely’ to receive £1.7m owed
Administrators said there were ‘no solvent options’ available prior to the pre-pack sale
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NewsOMGTea sells majority stake to Japan’s Aiya to bring matcha to the masses
Matcha green tea brand OMGTea has been snapped up by Japan’s Aiya to help the business build a bigger presence in the UK
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NewsCompleat Food Group acquires SK Foods and Zorba Foods
The two businesses specialise in private-label chilled party foods, dips and deli fillings, and have a combined turnover of more than £160m, with in excess of 1,150 employees
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NewsAccolade Wines taken over by Bain-led consortium
The deal brings an end to five years of ownership by US-based investment group Carlyle
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NewsMorrisons boss Rami Baitiéh claims ‘strong progress’ as forecourt sell-off dominates Q4 results
Rami Baitiéh today claimed the supermarket had made “strong progress” in its fightback after announcing like-for-like sales for the year were up by 1.8%
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NewsMorrisons sells forecourts in £2.5bn deal to pay down debt pile
MFG and Morrisons, which are both owned by private equity FIRM Clayton, Dubilier & Rice (CD&R), confirmed today they had entered into an agreement with the sites
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NewsDeliveroo shares fall as Delivery Hero plans to sell off stake
Delivery Hero is selling its stake in rival food delivery group Deliveroo for more than £70m
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NewsNorth Brewing Co acquired by founder of Kirkstall Brewery
Existing management at North – including founders Christian Townsley and John Gyngell – will continue to run the new company
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News‘No third-party interest’ in insolvent East London Liquor Co prior to pre-pack sale
The business had explored other avenues before being sold to existing management
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NewsBreal Group denies interest in ailing North Brewing Co
The denial comes despite Breal changing the name of one of its holding companies to North B Co Limited
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NewsHeather Mills strikes rescue deal for VBites
Heather Mills has bought the assets of her collapsed plant-based VBites empire from administrators in a rescue deal worth £1m, The Grocer can reveal
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NewsPrinces profit drops as sale nears completion
Canned food giant Princes suffered a sharp drop in profitability last year despite a £300m sales boost
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NewsYeo Valley boosted by diversification and milk prices
The organic dairy supplier increased turnover by 22% to to £315.9m for the year to 28 May 2023
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NewsRegal Food Products strengthens desserts portfolio with Love Handmade Cakes deal
Regal Food Products has continued its acquisition spree with the takeover of cake manufacturer Love Handmade Cakes
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NewsVegan and brewery distress sees deal volumes pick up in 2023, says Oghma
M&A activity in food & drink picked up in the final months of 2023 thanks to a combination of pent-up demand and distress in the plant-based and craft brewery sectors, according to a new report published this morning