Day: October 8, 2024
Leon ‘actively exploring’ expansion despite plunging further into red
Leon sales are still well below pre-pandemic levels, despite increasing by 24% in 2023
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Supermarket bosses call for 20% business rates cut in letter to Rachel Reeves
Retail needs a business rates cut to ‘stem the tide’ of shop closures, says the BRC
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City snapshot: Mérieux NutriSciences agrees €360m deal with Bureau Veritas
Food safety company Mérieux NutriSciences has agreed to acquire the food testing business of Bureau Veritas for €360m
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Media Bites: Business rates, wine duty, TGI Fridays, Asda and 7-Eleven
A letter from 70 retailers including Tesco, Sainsbury’s and M&S to Chancellor Rachel Reeves outlines efforts by retailers to tackle business rates
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French sugar supplier Tereos fined £25k over Tate & Lyle merger
The French sugar giant has been fined £25k for failing to disclose relevant information over its recent merger with Tate & Lyle Sugars
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Alt-meat brand This losses continue as it pushes for profitability
Alt-meat producer This has reiterated its plan to hit profitability this year after failing to stem widening losses in its latest accounts
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Framptons back in profit 18 months after £5m cash injection
Plant-based co-packer Framptons has completed a remarkable turnaround by returning to profit less than 18 months after it sought a £5m cash injection to ensure its survival
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French plant-based pork company La Vie raises €25m in latest funding round to boost growth
This brings the total raised by the company in the last three years to €50m, despite a 36% drop in investments in the food tech sector, the brand said
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Ocado launches dedicated female-founded brand aisle
The ‘Buy Women Built’ aisle features more than 1,000 products from 130 female-founded brands including Bold Bean Co, Pip & Nut, Little Moons and Biotiful
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Sainsbury’s kicks off Christmas recruitment drive
Sainsbury’s is on the hunt for 18,000 supermarket workers, and a further 2,000 at Argos
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Teffie debuts range of allergen-free baked goods made from teff
Founder Jessica Rogers learnt about the ancient African grain during a trip to Ethiopia
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Sainsbury’s to give online shoppers more personalised ads and offers
Shoppers will receive “more relevant” third-party product recommendations when they’re at the online checkout, through the new partnership with Rokt
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M&S launches autonomous field trial to reduce carbon emissions
The retailer will be the first to farm and sell a lower-carbon vegetable following an ‘autonomous field’ trial
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Salmon stocks in England lowest on record
According to the Atlantic Salmon Stock Assessment for 2023, 90% of principal salmon rivers in England are “at risk” or “probably at risk”
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Brexit border requirements on EU food imports delayed once more
New safety and security certificates were supposed to be introduced at the end of October as part of the Border Target Operating Model
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Thompsons Food Service triples capacity with new Great Yarmouth warehouse
The ice cream wholesaler has seen demand skyrocket this summer
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Nish Kankiwala to step down as JLP CEO, as Jason Tarry takes full control
The position of CEO will be folded permanently, handing new chairman Jason Tarry overall control of the partnership ‘by March 2025’
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Strong Roots adds Air Bites frozen veg snacks for air fryers
Three variants – Crispy Spinach & Carrot, Crispy Pea & Lemon and Crispy Veg – will launch next week
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Heura expands from plant-based meat into new categories
Heura has unveiled its first prototypes of cheese, snacks and pasta leveraging its patent-pending technology
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McCain readies potato-doughnut hybrid Ponuts for launch
It has applied to register the name as a trademark with the IPO under classes 29 and 30
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