All Mergers and acquisitions articles – Page 94
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NewsCity snapshot: Pernod Ricard signs whisky JV in Myanmar
French spirits group Pernod Ricard has signed a joint venture with Myanmar-based Yoma Strategic to become the first global drinks group to enter the country. Plus, Australian retial group Wesfarmers cuts its losses in the UK and all the rest of the latest news from the City.
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NewsJohn Menzies upbeat despite distribution arm sale delay
Menzies said it remained fully engaged with a number of potential buyers
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NewsCity snapshot: International investment in UK food and drink on the rise
Overseas-owned companies make up almost half of UK food and drink sales, according to study by law firm EMW. Plus, UK food and drink investment surges to mitigate Brexit finds BDO, two new non-exec directors at M&S and all the rest of the latest news from the City.
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Comment & OpinionSainsbury's-Asda must heed the lessons of Tesco
Tesco’s tarnished corporate image was one of the reasons it became the primary victim of the rise of the discounters, argues John Buchanan of HW Fisher & Company
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NewsOcado silences doubters with Kroger deal in US
Its agreement with US grocery giant Kroger, which boasts annual sales of $122bn, sent shares into the stratosphere
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NewsCity snapshot: CMA opens Sainsbury’s/Asda investigation
The UK Competition and Markets Authority has opened its investigation into the Sainsbury’s/Asda retail mega-deal, asking interested parties to submit their initial views by 4 June. Plus, KP Snacks owner Intersnack has struck a cut-price deal to buy struggling Tyrrells, C&C Group to split Matthew Clarke and Bibendum and all the rest of the latest news from the City.
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NewsIntersnack strikes cut-price deal to buy struggling Tyrrells
KP Snacks owner Intersnack has struck a cut-price deal to buy Tyrrells and attempt to restore the brand to growth after a “phenomenal reduction in performance” under US ownership.
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Comment & OpinionOcado ends with a lot of zeroes now
The online supermarket is now worth more than Marks & Spencer’s and deserves to be considered among the UK’s greatest technology companies
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NewsKP owner Intersnack buys Tyrrells
The owners of KP Snacks Intersnack has announced it has agreed to acquire Tyrrells from The Hershey Company
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NewsC&C to decouple Matthew Clark and Bibendum after rescue from Conviviality administration
C&C CEO Stephen Glancey also shook off rumours C&C planned to sell Bibendum PLB to focus on Matthew Clark
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NewsGluten-free biscuit supplier Northumbrian Fine Foods bought by Biscuit International
Northumbrian Fine Foods, the UK’s leading gluten and milk-free biscuit manufacturer, has been purchased by French giant Biscuit International.
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NewsSainsbury's-Asda deal could bolster property market
Supermarket Income REIT said the deal would act alongside a reinvigorated Tesco to boost interest among big investors
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NewsFood and drink deals down despite 'good M&A environment'
Levels of UK food and drink dealmaking slumped to their lowest since 2014 in the first quarter, but the environment remains conducive for more M&A in the sector, according to a Grant Thornton report.
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Analysis & FeaturesHas the CMA painted itself into a corner with methodology?
Some claim the Tesco-Booker precedent leaves the authority ‘toothless’ – but will Sainsbury’s-Asda be waved through?
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Analysis & FeaturesNestlé and Starbucks join to form 'global coffee alliance'
Nestlé will pay $7.15bn (£5.3bn) for a ‘perpetual licence’ to sell Starbucks products outside the coffee chain’s stores
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Comment & OpinionHow will Nestlé and Starbucks' coffee deal affect the brands in the UK?
Nestlé’s existing premium coffee offering through Nespresso is unlikely to be affected - but there could be other opportunities for synergies, says Matt Lee of Capture
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Comment & OpinionWhat does the Nestlé-Starbucks deal mean for the world of coffee?
The Swiss food giant has agreed to pay $7.15bn in cash for a perpetual licence to market Starbucks’ consumer and foodservice products outside of the coffee chain’s stores
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NewsJohn Lewis Partnership denies Amazon approach for Waitrose
JLP chairman Sir Charlie Mayfield said “there has been no approach by Amazon regarding Waitrose”
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NewsCity snapshot: Nestlé clinches global coffee deal with Starbucks
Nestlé has confirmed an agreement granting it perpetual rights to market Starbucks consumer and foodservice products globally outside of the company’s coffee shops. Plus, Wynnstay Group has appointed a new CEO, PureCircle launches Coca-Cola Stevia No Sugar, and a look at the City diary for the rest of the week.
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NewsCo-op's £137.5m takeover of Nisa to complete on Tuesday
The retailer secured court approval for the deal in London today, despite a last-minute legal challenge to block it