M&A – Page 7
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NewsMedia Bites 2 July: TSB sale, M&S recovery, trade deals
The story was also reported on the BBC who said the TSB name could disappear from UK high streets should the bank be sold
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NewsSofina Foods acquires Northern Irish meat company Finnebrogue
The acquisition is designed to bolster the seafood and pork giant’s ambitious growth plan
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NewsEagle Eye expands offering into real-time couponing thanks to Promotional Payments Solutions acquisition
Grocery tech firm Eagle Eye has acquired Promotional Payments Solutions for £5.5m to expand its offering to include real-time CPG couponing
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NewsWH Smith slashes valuation of high street business to get sale over the line
WH Smith has completed the sale of the UK high street business after being forced to renegotiate and slash the valuation as trading at the stores continued to struggle
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NewsCampari culls Cinzano as portfolio trimming gets underway
The Aperol brand owner set out plans to cut costs and divest non-core brands last October
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NewsEgg processor Bumble Hole acquired by Hardeman
The companies were now more ‘agile, resilient, and ready to lead in a rapidly evolving market’, according to Ton Gielen, CEO of The Hardeman Egg Group
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NewsEuropean Commission opens investigation into Mars-Kellanova deal
Preliminary investigations raised fears the Mars-Kellanova deal could lead to higher prices on shelves
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NewsPZ Cussons pulls St Tropez auction as self-tan brand struggles in the US
PZ Cussons has abandoned plans to flog the St Tropez self-tanning brand after running an extensive auction process
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Comment & OpinionWhat can playful male grooming brand Dr Squatch do for Unilever?
Dr Squatch’s portfolio of natural deodorants, soaps, shampoos, conditioners and body washes boast an atypical, but still butch, design philosophy
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NewsCentral Co-op and Chelmsford Star Co-op propose merger
Together Central Co-op and Chelmsford Star Co-op would create a society with a turnover of more than £1bn
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NewsPartners Group pounces on petfood maker MPM Products in £400m buyout
Partners’ £400m bid represents a 17% jump in MPM’s value since the end of March alone
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NewsUnilever acquires Dr Squatch as Dove owner continues to clean up portfolio
The Dove and Lynx owner said the deal marked another step in moving its portfolio towards premium and high-growth spaces
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NewsKellanova shares slip as antitrust rumours circulate
Reports of a “full-scale EU antitrust investigation” into Mars’ $36bn acquisition of Kellanova have cooled excitement for the deal in New York
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![Wincanton EV image[99]](https://dmrqkbkq8el9i.cloudfront.net/Pictures/100x67/9/4/2/361942_wincantonevimage99_53611.jpg)
NewsGXO’s £762m acquisition of Wincanton cleared by the CMA
CMA has cleared GXO’s acquisition of Wincanton following the business’s offer to sell Wincanton’s dedicated grocery warehousing business.
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NewsUnilever weighs up sale of loss-making snacking brand Graze
Unilever is reportedly looking to offload healthy snacking brand Graze as the consumer packaged foods giant continues to explore ways to reshape its portfolio
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News‘Chicken King’ BPO buys 2 Sisters JV poultry farming operation
The deal means the BPO is now larger than 2 Sisters Food Group itself
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NewsActivist investor grabs 5% in ‘attractive’ WH Smith
Activist investment firm Palliser revealed it had built up a near 5% stake in WH Smith, calling the retailer an ‘attractive investment opportunity’
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Comment & OpinionWhy speciality ingredients are attracting investor interest
The speciality ingredients sector is becoming increasingly central to food and beverage companies, says Tom Cunningham, director & European ingredients lead, and Alex Masters, MD & co-head of consumer Europe, at Lincoln International
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NewsPoundland owner Pepco completes sale of struggling retailer for nominal sum
Poundland MD Barry Williams will continue to lead the business under the new ownership of the retail-focused investment firm Gordon Brothers
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NewsEvri-DHL merger faces CMA scrutiny
The deal, announced in mid-May, would see Evri acquire DHL’s ecommerce wing in exchange for a minority stake in its own shares