All Mergers and acquisitions articles – Page 34
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NewsCity snapshot: THG sells unwanted OnDemand and ProBikeKit assets
THG has offloaded its unwanted OnDemand business to the division’s management team as part of a strategic review to “simplify and streamline” operations. Plus, UK retail sales beat expectations in June but consumer confidence fell July as household resilience “collapsed”.
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NewsCake Box rejects takeover offer from The Cheesecake Shop owner
Fresh cream cakes retailer Cake Box has rejected a 160p a share offer from an Australian asset management firm as “materially undervaluing” the company
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NewsEversfield Organic swoops for Coombe Farm Organic to boost online meat offering
Organic grocery retailer Eversfield Organic has acquired Coombe Farm Organic in a move that will double the group’s online butchery business
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NewsMoma Foods founder steps back following AG Barr acquisition
In a recent LinkedIn post, Moma Foods founder Tom Mercer wrote: ‘the time has come for me to pass the baton’
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NewsPooch & Mutt snapped up by production partner Vafo
Petfood brand Pooch & Mutt has been taken over by long-term production partner and backer Vafo in ‘a multimillion-pound deal’
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Comment & OpinionCould Ocado finally unlock Amazon’s grocery ambitions?
Amazon has been trying to expand its grocery arm for some time, says Julian Skelly, senior VP, retail at Publicis Sapient
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NewsKitwave begins construction of 80,000 sq ft warehouse in south west
Construction of the new distribution centre, which is located two miles outside Newton Abbot, is expected to be completed by quarter three of 2024
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NewsBidfood CEO Andrew Selley hits back at Caterfood Buying Group critics
Bidfood is also looking to grow its depot network, with two further openings planned for Bedford and Worcester over the course of the next year
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Analysis & FeaturesWhy would Amazon want to buy Ocado?
Continued losses dog the group, but Ocado could make a valuable prospect for a big player seeking automation and online grocery dominance
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NewsFoodhak acquires The Pure Package and Balance Box from liquidation to expand offering
Ayurvedic ready meal business Foodhak has acquired healthy meal delivery business The Pure Package and sister company Balance Box out of liquidation
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NewsCarlsberg agrees to sell Russia’s biggest brewer Baltika
The Danish brewer has not disclosed who the buyer is or any financial details on the sale ‘to ensure that the approval processes go as smoothly as possible’
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NewsVFC confirms rescue of Meatless Farm
The Meatless Farm brand in the UK will be retained to complement and diversify VFC’s range of frozen plant-based chicken products
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Comment & OpinionAre Coca-Cola’s alcohol acquisitions a brand stretch too far?
Coca-Cola HBC’s acquisition of Finlandia is a further sign of Coca-Cola’s long-term goal to be a ‘total beverage company’
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NewsCoca-Cola HBC expands spirits offering with $220m Finlandia vodka acquisition
Hellenic Coke bottler Coca-Cola HBC has acquired the Finlandia vodka brand from a subsidiary of Brown-Forman, the US owner of Jack Daniel’s, for $220m. Plus, management board changes announced at British American Tobacco.
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NewsIndian coffee player plots UK retail push after acquisition
India’s largest instant coffee manufacturer is planning a push into the UK retail space after buying a collection of brands from Löfbergs Group
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NewsAsda sale & leaseback deals stretch to 50 years or more
The supermarket has embarked on store sale & leaseback projects to raise £1.1bn
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NewsABP buys two Scotbeef meat plants after supplier loses Aldi contract
Irish red meat giant ABP will complete a deal for Scotbeef’s Bridge of Allan abattoir and Queenslie meat packing plant by the end of July
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NewsCity snapshot: Unilever buys US premium yoghurt brand Yasso
Unilever has announced it has agreed to buy US-based premium frozen Greek yoghurt brand Yasso
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NewsYo Sushi owner Snowfox Group sold for £495m to Japan’s Zensho
The Snowfox Group has been transformed from a small UK-based restaurant chain to an omnichannel, multinational sushi operation
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NewsPernod Ricard buys Canadian RTD player ABG for £100m
French spirits group Pernod Ricard has acquired a 90% stake in Canada’s largest ready-to-drink sector player at an enterprise value of CAD165m (£99m).