All news articles – Page 65
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Princes threatens to withdraw pay offer in bid to end Unite stalemate
Production could be moved abroad if Unite workers continued to strike, Princes warned
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Innovatus and Babco merge to create spirits ‘powerhouse’
The combined company offers a broader range in its premium portfolio, bringing together Horse Guards Gin, Barentsz Gin, Pedrino Spritz and Wing Walker Rum (Innovatus) and Neptune Rum and Tofka toffee vodka (Babco)
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Surya and Veetee hire advisors to explore strategic options
The Grocer has learned Surya engaged Grant Thornton and Veetee hired Goldman Sachs last year
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Premier Foods share price gains continue thanks to strong Christmas
Premier Foods’ continued recovery looks to have assured investors it is fighting fit as markets increasingly back the group’s roster of brands
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Brakes launches new ‘Enchanted Bakery’ range to boost premium cake offer
The new range was created in response to demand for premium cakes
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Sainsbury’s cuts 3,000 jobs as cafés close for good
Sainsbury’s is accelerating plans to cut £1bn in costs from the business, as part of Simon Roberts’ Next Level strategy
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Wild unveils refillable handwash in four fragrances
Eleven bottle designs are currently available, including Celestial, Red Love Heart, Rose, Aqua and Black
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Chapel Down boss credits ‘deep’ promos for festive sales boost
Promotions helped Chapel Down boost off-trade sales in the second half of 2024
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Barry Williams returns to Poundland to address crisis
It is understood Williams has returned in a supervisory role on an interim basis to run a comprehensive assessment of Poundland
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Bramble Foods acquires Whitakers to expand chocolate offering
The strategic move strengthened the Bramble Foods offering, uniting two family-owned brands with ‘a shared commitment to quality and heritage’, the group said
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Procter & Gamble beats estimates as shoppers buy more
Net sales rose 2% in the three months to 31 December, the biggest increase in three trading quarters.
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Challenger brand Kaoba launches UK’s first sparkling cacao soda
The drink is made using leftover cacao fruit from cocoa production
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City snapshot: ABF in choppy waters while Chapel Down shows signs of hope
Associated British Foods has cut its guidance for Primark in 2025 while THG says it’s on track after the demerger of its Ingenuity business. Chapel Down posts strong Christmas to offset tough year.
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Media Bites 23 January: supermarkets calls on IHT, recession fears, CMA, EU relations
Today’s headlines focus on supermarket support for a pause to government inheritance tax reform for farm business, plus growing concerns over the economy
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Food & drink deals boosted by budget tax worries in 2024
M&A activity in food & drink picked up significantly in 2024, with volumes driven higher in October as businesses raced to push through deals ahead of anticipated budget tax hikes by Rachel Reeves
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THG predicts growth in 2025 following Ingenuity demerger
Sales at THG have fallen in the final quarter of 2024 as the group completed its demerger of the Ingenuity platform
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Holland & Barrett accused by startup of copying wonky apple snacks
Gusto founder Gieseppe Baidoo has started dressing up as a robber and giving out samples in front of the retailer
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Chapel Down hails ‘strong Christmas’ with off-trade sales recovery
Supermarket sales have improved after a dismal first half showing
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Associated British Foods cuts guidance due to tough UK market
Morgan Stanley and Citi both lowered their ratings on ABF this week due to concerns over Primark’s sales outlook
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National Lottery retailers break record in mystery shopper ID checks
In tests by Allwyn, a record-breaking 92.3% of retailers correctly asked for ID as proof of age on their first visit