M&A
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NewsDavid Milner eyes global growth as boss of Crosta-EPG combination
David Milner has told The Grocer of his ambitions “throughout Europe and beyond” following Crosta Mollica’s tie-up with Nestlé spin-off the European Pizza Group
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NewsBoots owner agrees $9bn sale to Weston family
The deal includes Boots’ retail operations in the UK and Ireland, Boots Opticians, its No7 Beauty Company, and its Thailand and franchised businesses
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Comment & OpinionSainsbury’s, Morrisons, Tesco & Majestic: inside grocery’s consolidation rush
Sainsbury’s explored a Morrisons merger before walking away and Tesco is circling Majestic Wine. What does it tell us about where the grocery sector is heading?
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NewsSainsbury’s and Morrisons held multibillion-pound merger talks
The early stage talks between the two supermarkets took place over a three-month period from November last year to February before Sainsbury’s walked away
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NewsParson’s Nose buys Farmison in bid to revive DTC brand
Upmarket butcher’s Parson’s Nose will revive Farmison after securing a deal to buy the shuttered brand from Vestey Holdings
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NewsSainsbury’s targets 17.5k additional staff in Christmas recruitment drive
The seasonal staff will fulfil demand for roles across Sainsbury’s stores and warehouses, as well as Argos stores and its online fulfilment operations
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NewsJapanese tuna giant snaps up Sealaska’s £270m operation in sushi bid
Sojitz has earmarked Europe and the US as strong potential markets for white fish and value-added products such as sushi
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NewsTesco in the race to buy Majestic Wine
The UK’s biggest retailer is among a list of bidders weighing up an offer in an auction of Majestic, according to Sky News this weekend
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NewsKitwave acquires First Choice Foodservice
First Choice will join Kitwave’s foodservice division alongside its other acquired businesses Creed, Total, WestCountry, Fife Creamery and Charles Saunders Foodservice
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NewsBoots’ owner ‘close to securing £7bn deal to sell the retailer’
A deal to sell Boots to the Weston family could be reached as soon as next week, according to reports
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NewsTilray CEO praises ‘very supportive’ UK retailers as BrewDog turnaround kicks off
The CEO of Tilray Brands has praised the UK’s ‘very supportive’ retailers for maintaining distribution of BrewDog’s beers amid the brand’s administration and forced sale
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NewsJason’s Sourdough owner lays ground for £500m sale on back of stellar growth
Independent M&A advisory firm Spayne Lindsay is helping Jason’s parent Geary’s Bakeries explore strategic options, including a sale, The Grocer has learned
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NewsPoundland bosses joined by Andy Bond in management buyout talks
A team formed by Poundland leadership and Andy Bond, the former CEO of Asda and Pepco Group, is in advance talks over a management buyout funded by one of the bidders in the auction for Poundland
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NewsCMA accepts Co-op store sell-off plan in Southern merger deal
The watchdog was concerned that the merger with Southern Co-op could reduce competition in local areas where both businesses operate, harming both convenience store shoppers and people arranging attended funeral services.
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NewsGLP-1s drive rebound in snacking category M&A, analysis finds
The popularisation of GLP-1 weight-loss drugs has driven a rebound in M&A in snacking companies around the world, according to analysis by investment bank Houlihan Lokey
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Comment & OpinionHow health ingredients are moving into the mainstream
As food differentiation shifts from reformulation to functional ingredients, a wave of consolidation is following close behind, says Tom Cunningham, director of M&A at Lincoln International
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NewsABP must stay at arms’ length from Dovecote Park, CMA orders
The CMA has ordered that neither party should make major changes to their business or share sensitive information while it decides whether the deal should be investigated
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NewsMcCormick-Unilever tie-up faces official CMA competition review
The phase 1 probe, launched today, follows a call for comment in July from the CMA to any interested industry parties on the $45bn combination
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NewsCMA flags potential issues in Co-op Group and Southern merger
Co-op and Southern have asked the CMA to fast-track the case by taking into consideration undertakings in lieu that would address the concerns raised
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NewsSale to Sazerac was a ‘natural next step’: Au Vodka founder
Sazerac, meanwhile, reiterated the deal would enable it to expand in the UK spirits market