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...Private equity groups Advent International and CVC Capital have teamed up to bid for a pet food company owned by Cinven, leaving a single bidding consortium left seeking to buy an asset the UK buyout group...
...normalised, gas prices have come down to levels which are historically considered more normal and Ukraine grain exports have resumed via the Black Sea corridor,” said Tomasz Wieladek, economist at investment company...
...Milk producers and processor Dean Foods and Borden Dairy Company both filed for bankruptcy in 2020....
...“Margins on the continent tend to be better than with UK retailers because people pay more for their food....
...Nestlé reported lower than expected full-year sales as the world’s biggest food company pinned the blame on a continued squeeze on household budgets....
...BUY: Hilton Food (HFG) Difficulties in the vegetarian and vegan markets continue to blight the food packing business, writes Christopher Akers....
...A group of Nestlé shareholders has filed a resolution ahead of its annual meeting next month demanding the world’s biggest food company reduce its reliance on unhealthy products and arguing that the health...
...McKim levelled accusations at Weckert that customers were skipping meals, eating less healthy food and “dumpster diving” for wasted food because they could not afford to pay the steep prices being charged...
...Hammond joined Copper’s board last year after it closed a fundraising round valuing the company at $2bn....
...The FT reported that the company previously sought a sale of the business in 2022. Licht neither confirmed nor denied that the company was exploring a sale....
...In February, the official food inflation figure dropped to 5 per cent from 7 per cent in the previous month....
...Rogers lives next door to what was once the epicentre of Soho loucheness, the Groucho Club on Dean Street; a spot that he feels is now “having a bit of a renaissance”....
...BUY: Premier Foods (PFD) The company will cut more prices in the fourth quarter after its total market share gains rose by more than 1.2 per cent, writes Christopher Akers....
...UK grocery inflation eased to its lowest pace in two years, according to research company Kantar, adding to evidence of softening price pressures in the economy....
...The UK franchise owner of TGI Fridays has agreed a £177mn reverse takeover that will see the US fast-food chain known for its potato skins, chicken wings and two-for-one cocktails list on the London Stock...
...The trend was confirmed by separate data from research company Kantar, also published on Tuesday, showing that the annual rate of supermarket price growth slowed sharply to 5.3 per cent in February, from...
...While most of its output is currently shipped outside the continent, it is on Africa that the company is pinning its future....
...However, the food industry on Monday warned of a shortage of sugar in Europe and said Ukrainian imports were needed....
...Business and trade secretary Kemi Badenoch has warned Steve Barclay, her counterpart at the Department for Environment Food and Rural Affairs, that his plans will drive up food costs and risk upsetting Britain...
...It added that some larger companies were “considering abandoning their exports to Ireland altogether”....
...It was always so, but it has become more awkward for companies such as Unilever, with its focus on nutrition and ambition to become “a world-class force for good in food”....
...“We were asked ‘How long do you want to work in this company?’ My colleagues, they replied, three years. And I replied, five years.”...
...US President Joe Biden criticised companies over “price gouging” and downsizing of their products in his State of the Union address, saying that “snack companies think you won’t notice when they charge you...
...The proposed state legislative bans are “surprising and shortsighted”, said Sean Edgett, chief legal officer of cultivated meat company Upside Foods, one of the two businesses that last year won government...
...“Consumers have no choice but to recognise that food is valuable and that to produce food in a sustainable way requires much more effort than the large-scale planet destroying food production we have today...
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