All news articles – Page 586
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Media Bites 13 January: Tesco, M&S, Hilton Foods
The papers are filled with all the Christmas trading updates from ‘Super Thursday’, particularly focusing on Tesco and M&S.
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Princes owner in search of buyer as sales fall sharply
The owner of tinned food giant Princes has kicked off a search for a buyer, as newly filed accounts revealed it suffered a sharp drop in sales and profits as surging Covid demand eased
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Anwar Sultan appointed chief growth & commercial officer at Modern Milkman
Sultan will help bolster the Modern Milkman team to employ the latest innovations and technology to accelerate sustainability efforts and help the nation to reduce waste
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HelloFresh’s exit from Japan was ‘last minute decision’, claims source
HelloFresh ceased operations in Japan last month, having launched there only nine months ago
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Plant-based dip brand Holy Moly moves into houmous
The dips have triple the average fridge life of regular shop-bought houmous
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Iceland extends £1 price freeze as the cost of living crisis continues to bite
Iceland’s £1 or less range accounts for around 20% of the supermarket’s products
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Bangladesh garment factories exploited by UK supermarkets, says report
The study surveyed 1,000 Bangladeshi factories making clothing for global brands and retailers, concluding that many suppliers were paid less than the cost of production during the pandemic
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Graham’s The Family Dairy profits hit in ‘fierce’ cost climate
The Scottish supplier said the past 15 months had been its most challenging ‘by some distance’
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Defra talks to salvage environment strategy descend into shambles
More than 700 people from across different sectors of the industry took part in the first meeting of what has been billed the Business Readiness Forum
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Spar works with US distributor Congo Brands to bring Prime drinks to stores
The move makes Spar the first symbol group in the convenience channel to stock Prime
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Alcohol shopper age verification tech trials a success
The participating retailers confirmed their support of digital age verification, and said they would welcome legislative change to permit it
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Tesco boss Murphy admits ‘constant battle’ with suppliers over inflation
However, Murphy insisted suppliers were fully behind Tesco’s price lock, which saw 1,000 prices frozen earlier this month until Easter
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Aldi axing home delivery of Specialbuys and booze
It will leave click & collect of groceries, which Aldi launched 2020 and is available from over 200 stores, as its only online service
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Kellogg’s adds non-HFSS Chocos cereal to Coco Pops offering
The NPD comprises curved, crunchy shells with ‘the same chocolatey taste’ as original Coco Pops
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City snapshot: Tesco Christmas sales jump despite cost of living crisis
Tesco has overcome ‘tough times’ for consumers to post strong broad-based growth in the run-up to Christmas. Plus, food and clothing grow at M&S, Hilton Food Group enjoys strong Christmas and all the rest of the latest news from the City
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Mondelez chocolate brands surging in price at the mults
A spokeswoman for the confectionery giant said it was ‘facing the same unprecedented challenges that many other food companies have reported when it comes to significantly increased input costs’
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Media Bites 12 January: Sainsbury’s, Deliveroo, Warpaint London
There is little grocery news in the papers this morning aside from the Christmas trading update at Sainsbury’s.
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Kerry set for €500m sweet ingredients portfolio sale to IRCA
Kerry Group has announced it has entered to entered into exclusive negotiations to sell sweet ingredients portfolio to Advent International-owned IRCA.
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Valeo Foods brings in former Birds Eye boss Hudson to lead snacks division
Hudson has taken a temporary role at Valeo Foods to lead the group’s UK snacks business, responsible for the likes of Kettle, Manomasa and Fox’s
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Aunt Bessie’s launches meat joint range into Iceland
The new range is included in a roast dinner bundle costing £12 for a meat centrepiece and three sides or desserts