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Private equity
BC Partners sells IT group Presidio in sign of thaw for private equity deals
...Since then, as well as agreeing to buy Presidio, it has made a series of large investments including buying snack company Shearer’s Foods. CD&R and BC Partners declined to comment....
April 2, 2024
Food & Beverage
Mars chief hits out at ‘nonsense’ attacks on corporate ESG
...Last March Mars said it would scale back its business in Russia to focus on its “essential role in feeding the Russian people and pets”....
March 19, 2023
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
News in-depthDementia
Alzheimer’s drug Leqembi falls short of blockbuster status in faltering US rollout
...Leqembi, priced at $26,500 a year, was the first drug with a black-box warning — the most severe designation about possible side effects — to be granted full approval by the US Food and Drug Administration...
April 22, 2024
Mars Inc
Mars reveals bigger revenues than Coca-Cola as it appoints new chief executive
...Mars has owned pet food brands since 1935, but Reid and Weihrauch oversaw a major expansion of its veterinary business, including 2017’s $9.1bn purchase of VCA, a group of 800 pet care hospitals, and pushed...
June 22, 2022
Mars Inc
Mars pledges $1bn to cut emissions after limited progress on targets
...The US snack and pet food company, which says its carbon footprint is equivalent to a country the size of Finland, has set a more ambitious target to halve its emissions by 2030....
September 13, 2023
Hotel Chocolat
Mars to buy Hotel Chocolat in £534mn deal
...Pet food and confectionery giant Mars has announced it will buy ailing UK chocolate business Hotel Chocolat in a deal worth about £534mn, with a payday of about £280mn for the latter’s founders....
November 16, 2023
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Bed Bath & Beyond Inc
University student makes $110mn trading meme stock favourite Bed Bath & Beyond
...It was a separate disclosure on Monday from Cohen, who is also co-founder of pet food retailer Chewy, that sent the stock on a tear on Tuesday....
August 18, 2022
FT SeriesLeading in a crisis
Mars’ outgoing CEO on succession, family businesses and eating his own dog food
...One company takes the saying more literally: Mars, which owns the world’s largest pet food business alongside chocolate brands from M&Ms to Milky Way, expects its managers to test the Iams, Pedigree and...
September 29, 2022
Mars Inc
Mars convinces emerging market consumers to eat more chocolate
...Mars’s largest division is pet food and services but it is also the world’s biggest confectionery maker, with 12.4 per cent of the global market, according to Euromonitor....
December 12, 2022
LexFamily businesses
Mars: family businesses will weather downturn in better shape Premium content
...cynical rivals will say of Mars, the global candy and pet food behemoth. The business, whose brands include M&Ms and Snickers, loftily aims to embody Five Principles....
June 22, 2022
Bed Bath & Beyond Inc
Bed Bath & Beyond shares plummet after Ryan Cohen confirms stake sale
...An earlier disclosure on Monday from Cohen, who is also co-founder of pet food retailer Chewy, sent the stock sharply higher on Tuesday....
August 19, 2022
Life & Arts
How I won a starring role — OK, bit part — in HBO’s ‘Industry’
...Soon I was being shown to my trailer and offered free food. Briefly I was talent, even if I only had two lines. I’m sure the glamour wears off quickly....
September 30, 2022
FT Magazine
Welcome to the real farmers of TikTok
...As for the public, food prices are rising sharply and food shortages loom. It’s never felt more important for producers and consumers to understand each other better....
August 5, 2022
Waste management & recycling
Recycled plastic prices double as drinks makers battle for supplies
...The cost of flakes of post-consumer polyethylene terephthalate (PET) in Europe have shot up 103 per cent to €1,690 a tonne since January 2021, according to data group ICIS, after household goods, food, drinks...
January 17, 2022
LexZoetis Inc
Zoetis/Elanco: pandemic pet boom brings out the animal spirits Premium content
...Unlike pet foods, where there are always cheaper brands to trade down to, animal vaccines and medicine are not something doting pet owners will skimp on. In economics parlance, it is sticky spending....
November 5, 2021
FT Live
Financial Times @COP
FT Live events coinciding with COP
Monday, 11 NovemberBaku, Azerbaijan
Office life
Pedigree chums? Dogs in the office prove divisive
...Nestlé, which owns the Purina pet food brand, says that, since allowing dogs into its UK headquarters in 2015, “the positive effects on our culture and the office atmosphere have been huge.”...
February 6, 2022
LexGeneral Mills Inc
General Mills: pricing power will support profits, despite inflation woes Premium content
...Unlike rivals, it boasts a fast growing and highly profitable pet food business....
December 21, 2021
Uber Technologies Inc
Uber to revive goods-delivery service in hunt for new revenue sources
...Initial partners during the pilot include Cabinet, a New York-based provider of over-the-counter medicine; Pet Barn, an Australian pet food supplier; and Portugal’s postal service, CTT....
April 19, 2020
FT CollectionsData rich: the numbers behind corporate news
Investors beat retreat from pandemic-era trends
...Intent on showing investors it is more than a novelty or a pandemic play, Bark is branching out into dog dental care and tailored pet food....
January 7, 2022
Nestlé S.A.
Nestlé sales propelled by pandemic coffee surge
...Strong sales of dairy products, helped by a continued vogue for home baking, and pet food, such as the Purina brand, also drove growth....
April 22, 2021
Style
The fashionable dogs of Instagram
...According to market research provider Euromonitor International, the global market for pet products other than food, including clothing, is estimated to grow from $28bn this year to $32bn by 2023....
February 23, 2021
News in-depthPersonal Finance
When is a market bubble not a bubble?
...Today, Chewy Inc — an online retailer of pet food and accessories — is capitalised at $32bn....
September 10, 2021
#techFT
Big Tech earnings have herd immunity
...food.”...
October 29, 2020
Mars Inc
Mars sues Pret and Panera-owner JAB over ‘stolen’ trade secrets
...Three months later, JAB agreed to buy a majority stake in National Veterinary Associates, which owned about 670 veterinary hospitals and 70 “pet resorts” across the US, Canada, Australia and New Zealand....
May 21, 2020
Due Diligence
Food fight: Mars accuses rival JAB of stealing trade secrets Premium content
...With Becht out of the way, JAB continued its multiyear spending spree, including its first deal in the pet care market in February last year, just as Szarzynski joined....
May 22, 2020

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