M&A – Page 56
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NewsCity snapshot: ‘Distressed’ deals boost fourth quarter food and drink M&A numbers
UK food and drink deal volumes edged upwards in 2019, though the final quarter was aided by a high number of ‘distressed’ M&A deals as tough macro-economic conditions continue to constrain dealmaking in the sector. Plus, Beyond Meat fails to hit market expectations, share prices plunge again and all the rest of the latest news from the City.
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NewsWalmart in talks with potential Asda buyers
Walmart has admitted it is in talks with potential buyers for Asda, despite an IPO for the UK supermarket chain remaining an “attractive” option.
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NewsNorth South Wines receives investment from German winery Reh Kendermann
Following the transaction, North South Wines will manage Reh’s UK business in the wholesale, convenience, discount, independent and on-trade channels
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NewsDanone acquires majority stake in Harrogate Water
The transaction will see Harrogate join water brands Evian and Volvic under Danone’s portfolio
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NewsEast End Foods founders confirm plan to buy back two depots
New business will trade as East End Wholesale Stores
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NewsHealth & wellness segment continues to outperform wider food & drink sector
The category outgrew food & drink over the past six years and is now worth $700bn worldwide
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Comment & OpinionUnilever faces risks as it looks to turn its personal care portfolio around
There are lessons to be learned from former CEO Paul Polman’s strategy, says Warren Ackerman
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NewsCity snapshot: Distil and British Honey Co form JV to launch new spirits products
AIM-listed drinks producer Distil has entered a joint venture with British Honey Company to produce a new range of branded botanical spirits.
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Comment & OpinionUnilever’s personal care review raises serious strategic questions
Established personal care brands such as Simple could be facing the axe
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Comment & OpinionWhat next for Edgewell after close shave with Harry’s?
The Wilkinson Sword owner dropped its plan to buy Harry’s under threat of legal action from the FTC
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NewsChase Distillery appoints advisors for potential sale
Chase Distillery has engaged advisers to explore its options, including a potential sale, The Grocer understands.
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NewsPG Tips tea sale on the table as Unilever explores all options
Unilever has initiated a full strategic review of its global tea business, which could lead to a sale, despite its pledge two months ago to keep the brands.
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NewsNew Freshways milk labels point to closer links with Medina
Liquid milk processor Freshways has adopted the branding of rival Medina’s Watsons brand
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Analysis & FeaturesHow a flurry of petfood challenger brand buyouts could consolidate UK market in the 2020s
Small brands have capitalised on a radical shift – and the 2020s may see them going global
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NewsEast End Foods founders set to re-purchase two depots from PE buyer
The deal for the sites at Smethwick and Aston in the West Midlands is set to be completed imminently
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NewsCMA to probe PepsiCo’s acquisition of Fruit Bowl maker Pioneer Foods
The UK’s competition watchdog will assess wether the merger will result in a “substantial lessening of competition”
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NewsAmazon and Deliveroo accuse CMA of ‘speculative’ competition claims
In a joint submission, the two companies said the CMA had ‘mischaracterised’ the restaurant and on-demand grocery delivery markets
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NewsJust Eat agrees UK partnership with McDonald’s
Just Eat has agreed to partner nationwide with McDonald’s in the UK and Ireland to become the fast food chain’s second exclusive delivery partner for McDelivery.
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NewsCity snapshot: Nestlé acquires medical nutrition business Zenpep
Nestlé has continued its strategic acquisition programme with a deal to buy gastrointestinal medication producer Zenpep.
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Comment & OpinionCMA interest in Just Eat's £5.9bn acquisition by Takeaway.com deal should not be a shock
It is likely to approve the deal, but the Competition & Markets Authority is right to take a look at it