Supplier News – Page 11
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Heineken to invest £50m in Star estate in 2019
Heineken is to invest a record £50m into its Star Pubs & Bars estate this year with 150 projects planned, creating an estimated 1,200 jobs.
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Fuller’s shareholders approve Asahi deal
Fuller’s has received approval from its shareholders for the £250m sale of its beer business to Asahi.
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Coca-Cola readies launch of ready-to-drink Costa product
Coca-Cola has said it will launch a ready-to-drink Costa Coffee product in the coming weeks.
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Solo Coffee secures £200k investment
Solo Coffee, a cold brew start-up, has secured £200,000 in investment for an 18% stake in the business.
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Price of pork and bacon is set to rise
The price of pork and bacon is likely to rise after an outbreak of African swine fever in China, putting pressure on European suppliers, Sky News has reported.
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Deliverect secures £2.3m to expand in the UK
Deliverect, a Dutch start-up that simplifies the online delivery process for restaurants, has received €3m (£2.3m) in funding from Newion Investments and Smartfin to expand in the UK.
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BrewDog to expand distilling arm
BrewDog is to expand its distilling business, which currently comes under its Lone Wolf brand.
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Low alcohol craft beer sales up 381% in past two years
No and low alcohol craft beer sales have rocketed 381% in the past two years – although form a low base - a new report has shown.
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'Peak prosecco' as sparkling wine sales dip
Sparkling wine sales in the UK have fallen by 3 million bottles in the last year as the UK market passes ‘peak prosecco’, research from UHY Hacker Young reveals.
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Fourpure owner Lion acquires Magic Rock
Australian-headquartered food and beverage company Lion has acquired 100% of UK craft brewer Magic Rock Brewing Company.
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Zonal sees lfl growth margins up 4%
Zonal has seen its like-for-like gross margin increase by 4%, to 70%, in the year ended 30 June 2018, with record investment in research and development – up 41% to £6.9m.
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Compass announces rebranded RA Group
Compass Group UK & Ireland has rebranded three of its business under one umbrella, the RA Group.
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Adnams updates on ‘year of change’
Adnams, the Suffolk-based family brewer, has reported revenue up 5.6% in 2018 to £78.9m but EBITDA down slightly from £5.4m to £5.2m.
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Results round-up
This morning has seen a series of trading updates from key suppliers to the sector, including Fever-Tree, AG Barr and Vianet. MCA brings you the key points from the announcements.
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Majestic to close stores as it focuses on Naked
Wine retailer Majestic has announced a transformation plan which will see it focus on growth in its online arm, Naked, while releasing capital from its eponymous brand through store closures and sales.
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Chicago Town rolls out to c-stores
Chicago Town, the frozen pizza brand, has launched hot pizza cabinets to roll out at convenience stores.
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Bidvest to return as main KFC supplier
Best Food Logistics, formerly Bidvest, is to return as KFC’s main supplier, following the departure of DHL, The Sun has reported.
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BD Foods acquired by AAK
BD Foods, the UK foodservice company, has been acquired by AAK, the Swedish-Danish oil and fat producer.
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Heineken reports FY double digit growth in UK
Heineken has said that volume growth in the UK was in double digits in 2018.
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Beer sales saw biggest increase for 45 years in 2018
Beer sales saw the biggest year-on-year increase for 45 years in 2018, according to the latest Beer Barometer sales data from the British Beer & Pub Association (BBPA).