M&A – Page 28
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Comment & OpinionMorrisons can be a serious convenience player with McColl’s – but it will take investment
The first key investment is likely to be in improving the store estate and supply chain
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NewsMorrisons plans to convert most McColl’s stores to Daily format as takeover completes
Morrisons also confirmed it would permanently close 132 McColl’s stores it said had been loss-making for some time
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NewsDriscoll’s completes Berry Gardens acquisition
Driscoll’s said the acquisition of the UK’s largest supplier of berries would help it to ‘become the world’s berry company’
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NewsCity snapshot: Asda completes £438m Co-op forecourts acquisition
Asda has completed the acquisition of 132 forecourts and retail sites from The Co-op to underpin its strategy to enter the convenience retail space
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NewsSt Pierre swallowed by world’s biggest baker Grupo Bimbo
The deal is expected to accelerate the already rapid growth of the brioche maker in the US and fuel further international expansion
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NewsHolland Bazaar acquires Hyperama Wholesale’s Peterborough depot
Holland Bazaar said the acquisition was part of a long-term strategy to increase its presence outside London
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Analysis & FeaturesWill Walmart’s bet on micro fulfilment centres be the catalyst for further online automation?
MFC technology rollout has slowed. Will Walmart’s Alert Innovation acquisition break the inertia?
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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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Comment & OpinionM&S’ turbocharged turnaround tops a series of smart moves
The opening of food stores comes on top of investment in pricing and a change in culture
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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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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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Comment & OpinionIt’s Claudia Winkleman 1 David Beckham 0 in battle of the CBD brands
Even with David Beckham in its team, luck deserted Cellular Goods, leaving Cannaray with an open goal
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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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Analysis & FeaturesCould Beavertown topple BrewDog as the king of craft beers?
Heineken ownership may give Beavertown the critical mass it craves
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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.