Archive of all Princes articles – Page 2
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NewsPrinces back in the black as Newlat deal nears completion
Revenues edged down from £1.74bn to £1.71bn in the year to 31 March 2024 as volumes declined on the back of the group putting up prices, according to newly filed accounts
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NewsNewlat backtracks to meet £700m Princes asking price
The owner of canned giant Princes struck a £700m deal this week with Newlat as the Italian food group went back on an earlier decision to walk away from the deal
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Comment & Opinion£700m for Princes suggests the deal famine could be over
After plenty of twists and turns, Japanese conglomerate Mitsubishi has secured a deal to sell its canned food giant Princes in a deal that augurs well for the long-awaited uptick in food and drink dealmaking to finally take hold
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NewsCity snapshot: Italian food group Newlat buys Princes for £700m
Italian food group Newlat has bought canned food giant Princes from Japanese conglomerate Mitsubishi Corporation in a deal worth £700m
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ProfilesMy food & drink job: Ollie Evans, international account manager, Princes
Ollie channels his childhood F1 dream into driving growth and sustainability in the food & drink sector
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NewsAppetite for sustainably sourced tuna growing despite cost of living crisis
The data from MSC found sales of certified tuna rose from 193,363 tonnes in 2022-23 to 217,300 tonnes in 2023-24
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NewsPrinces Group names Simon Harrison CEO as Cameron Mackintosh leaves
Harrison was appointed as deputy managing director for Princes in June last year
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NewsNewlat puts blame on ‘challenging market’ as it exits Princes deal
Newlat was in advanced discussions to buy Princes and understood to be in a two-way fight with UK private equity firm Epiris
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NewsPrinces profit drops as sale nears completion
Canned food giant Princes suffered a sharp drop in profitability last year despite a £300m sales boost
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Category ReportIs it time to look more closely at farming fish?
Fish farming is billed as a sustainable solution to overfishing and plummeting global fish stocks. But do industry claims stack up?
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NewsPrinces launches £2m ‘Fish for Greatness’ tuna campaign
The campaign is designed to showcase the taste, nutritional benefits and responsible sourcing credentials of its tuna products
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NewsPrinces expands migrant worker scheme to support modern slavery victims
The Napolina owner has partnered with a southern Italy voluntary association, Casa Sankara, to hire and train 32 migrant workers living in vulnerable conditions
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NewsASA raps Napolina for ‘exaggerating’ prize fund in Tesco promotion
The Princes-owned ingredients brand gave out just one £500 voucher from an advertised total prize fund of £125,000
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NewsPrinces owner holds out for higher price
The Japanese owner of Princes is determined to press ahead with a sale of the brand this year despite initial bids falling short of expectations
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NewsPrinces Group appoints Simon Harrison deputy MD
Harrison brings more than 20 years fmcg commercial and leadership experience to the role
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NewsPrinces completes human rights assessment on Argentina pulses
The company sources a fifth of its pulses, including chickpeas and cannellini beans, from Argentina for both its Napolina brand and own-label lines
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NewsPrinces signs pre-harvest supply contracts with tomato growers
Pricing has been set in collaboration with the Department of Agricultural Sciences at the University of Foggia
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NewsMSC sustainable tuna sales soar in UK retail
The organisation said 46% of the global tuna catch is now engaged in the MSC programme, either from an MSC-certified fishery or one that is in assessment
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NewsCanned brands suffer 18% volume sales slump
The squeeze on household budgets had ‘forced consumers to monitor their spending and opt for cheaper options’, said Kantar
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NewsMedia Bites 20 March: John Lewis Partnership, Princes Foods, THG
Speculation was rife over the future of John Lewis at the weekend, with reports suggesting it may dilute its 100% employee ownership to raise fresh investment