Coca-Cola HBC’s revenue fizzes almost 25 per cent – but Russia exit still hurts a year on May 3, 2023 Coca-Cola HBC AG, the bottling company of the soft drink giant, reported strong revenue growth at 22.2 per cent, but it continues to take a hit from withdrawal of its business in Russia last year. Net sales revenue were up 24.4 per cent, but the firm stated that foreign exchange movements, particularly currency devaluation in [...]
Unilever makes mayo from food inflation as Ben & Jerry’s owner sales soar April 27, 2023 Unilever, owner of Ben & Jerry’s and Hellman’s Mayonaise, has raised its expectations for the rest of the year after strong sales off the back of rising prices. The conglomerate which deals in everything from beauty products to homeware and nutrition to ice cream, reported underlying sales growth was up 10.5 per cent to almost [...]
Grocery inflation dips by just 0.2 per cent as Aldi now has a tenth of the market April 25, 2023 Grocery price inflation dipped slightly in April – but consumers are still paying 17.3 per cent more than this time last year, figures show. Kantar warned that the fall from last month’s 17.5 per cent only meant that prices were not increasing as quickly after 10 months of double-digit growth. As consumers continued to find [...]
Prezzo shuts 46 branches including four in London as 810 jobs put at risk April 24, 2023 Prezzo will shut 46 loss making sites across the UK including three in London and place 810 workers at risk of redundancy, as soaring energy and a hike in food costs rattle the business. The Italian restaurant chain, which is owned by private equity firm Cain International said that the closures will impact sites where [...]
Quiche is no Coronation dish – a corgi could have chosen better April 23, 2023 Oops, I’ve let my imagination gets the better of me. Deep in my subconscious mind, I’m desperately ravaging a Beef Wellington; my ever-sweet tooth eager to tuck into the final course of an imaginary feast and scoff the non-existent Peach Melba that doesn’t await me. Already I’m regretting the invented brunch of omelette Arnold Bennett [...]
Nestle: KitKat maker facing activist investor calls to make food healthier April 20, 2023 KitKat and Shreddies maker Nestle is facing calls from a global coalition of investors to set targets to make its food healthier. The group of 26 investors, which is responsible for more than 3 trillion US dollars (£2.64 trillion) of assets, is urging the food giant to ramp up its health performance and play its [...]
Subway: ‘Club’ deal as Advent, Bain and TPG face off with Asda owners in £8bn race for sandwich giant April 19, 2023 A flock of the world’s biggest buyout firms are eyeing the possibility of a joint bid for Subway, joining the owners of Asda in the race to acquire the sandwich chain. Advent International, Bain Capital and TPG are considering teaming up in a so-called “club deal” as the second round of auctioning for the American [...]
Tesco Clubcard discount promo DID copy Lidl logo, High Court rules against UK’s largest supermarket April 19, 2023 German discount supermarket Lidl has won its trademark lawsuit against Tesco at London’s High Court over the use of a yellow circle on a square blue background. Lidl sued Tesco in 2020 shortly after Tesco adopted a yellow circle against a blue background to promote its “Tesco Clubcard Prices” discount scheme. Judge Joanna Smith said in a written ruling [...]
A glass of wine with: Small Things wine-in-a-can creator Ian Batt April 19, 2023 One day surfing at the beach, Australian winemaker Ian Batt realised wine wasn’t reflecting his lifestyle or ethos. He is now on a mission to upgrade canned wine’s image with his range of well-crafted, first-class wines launching in the UK next month. What inspired you create Small Things Wine?I created a premium wine in can [...]
The best eco friendly wine for Earth Day April 19, 2023 Boxed wine might remind you of your university days, but hear me out: it’s loads better for the environment and tastes pretty good, too. We’re all becoming more aware of our environmental footprint and any wine producer not creating wines in an eco-friendly way is really falling behind the times. Gen Z in particular want [...]