Whole Foods: Inflation takes bite out of Amazon owned grocery store The Amazon-owned UK division of Whole Foods has seen a rapid decline in earnings for the year as soaring inflation makes Brits hesitant to fork out on its pricey goods. Whole Foods UK reported operating losses of £26.9m up from £17.2m the prior year and its sales also fell to £91.6m down from £94.3m. Amazon [...]
Whole Foods was Amazon’s grocery debut, now it’s time for a main course Eating in Amazon took its first major step into grocery when it bought Whole Foods Market in 2017 for $13.7bn. The purchase sent shockwaves through the retail world at the time. It marked Amazon’s first step into brick-and-mortar retail and analysts interpreted the move as an effort to muscle in on the supermarket sector. But Amazon’s Whole [...]
‘Not for EU’ food labelling plans already affecting investment in UK manufacturing UK Politics Plans to introduce ‘not for EU’ labelling on food products across the whole of the UK is already “having an impact on investment”, one expert has warned.
Chick-fil-A to cook up opportunity for UK business owners and entrepreneurs October 24, 2023 US fast food chain Chick-fil-A plans to introduce a whole new flavour of opportunities for business owners and entrepreneurs by debuting in the UK.
The founder bringing the power of curiosity to new heights – with the help of some wine March 11, 2024 Twelve years into her entrepreneurial career, Lucy Busk still believes the art of ‘learning as you go’ is the key to her growing success.
Investor Terry Smith ditches Amazon stake over concerns with grocery business July 11, 2023 Top investor Terry Smith has revealed that he ditched his fund’s stake in Amazon due to concerns with the company’s grocery business. In a letter to investors, released yesterday, Smith revealed that the primary catalyst behind Fundsmith’s decision to drop its holding in Amazon last month was due to a “concern over potential capital misallocation”. [...]
Fears of energy blackouts posing threat to meat and milk supplies August 11, 2022 Supplies of milk and meat could be endangered if the country is forced to deal with blackouts later this year, industry chiefs have warned. According to a report in The Telegraph newspaper, power outages would inhibit food producers including those in the dairy industry. Some industries will not be able to prevent or stagger certain [...]
‘We were wrong’: Coffee brand pulls out of Tesco after learning ‘simple truth’ February 20, 2024 The boss of an independent coffee brand has opened up about the decision to pull its products from the shelves of Tesco.
Letters: UK’s valued food industry risks losing its sweetness thanks to virus isolation rules January 6, 2022 [Re: Bosses call for Covid isolation period to be cut as health agency warns this could be ‘counterproductive’, January 4] It is clear that Omicron is less severe than previous Covid-19 variants. While incredibly welcome that doomsday predictions of 3000 daily deaths this January have proven unfounded, government policy enforcing seven-day isolation is putting the [...]
Amazon and Nike eye Peloton bids after valuation plunges from $50bn to $8bn February 5, 2022 Amazon and Nike are reportedly mulling separate bids for Peloton, after calls from an activist investor to sell off the exercise equipment giant. After riding the pandemic high to an eyewatering $50bn valuation 12 months ago, Peloton has backpedalled to a humbler $8bn capitalisation. Activist investor Blackwells Capital, which owns a little under five per [...]