Hilton Food Group buys meat supplier for £28.8m in bid for UK growth – CityAM : CityAM October 29, 2021 Hilton Food Group, which supplies Tesco with fresh food, has bought UK meat supplier Fairfax Meadows for some £28.8m. “This transaction is all about growth,” CEO Philip Heffer explained. “Fairfax Meadow represents a great opportunity for Hilton to expand into an adjacent and growing foodservice sector in the UK.” “We look forward to leveraging Hilton’s [...]
Tesco joins forces with Gorillas delivery app October 28, 2021 Tesco has announced it is launching a pilot with speedy delivery company, Gorillas. Supermarket customers will be able to order Tesco products to their doorsteps via the Gorillas app, from Thursday (October 28). Gorillas will set up micro-fulfilment sites at five large Tesco stores, to pick, pack and deliver to customers. The app’s first Tesco [...]
London to gain its first-ever firm with an all-female board after £150m solar IPO October 25, 2021 Renewables investment trust Atrato Onsite Energy has announced its intention to float with a £150m IPO in what is understood to be the first-ever listing from a company with an all-female board on the London Stock Exchange. Atrato Onsite Energy, which has been established to invest mainly in solar panels on the roofs of large [...]
Tesco website and app hit by hackers October 24, 2021 Tesco’s website and app are down for a second day after being hit by hackers. Thousands of shoppers have been unable to book deliveries or amend existing orders due to the outage. The grocer said it did not believe customer data would be impacted and work was being taken to ensure private information was protected. [...]
Tesco and ASOS call for legal crackdown on human rights abuse October 22, 2021 Tesco and ASOS are among more than 30 retail businesses and investors have called for a new UK law to prevent human rights abuse. Some 36 household names – including Primark and John Lewis – have issued a joint statement calling for fresh human rights and environmental due diligence law. A legal review by Blackstone [...]
Morrisons shareholders give seal of approval to $10bn CD&R takeover deal October 19, 2021 Shareholders in Morrisons have voted to approve a £7bn ($9.7bn) takeover bid from US private equity firm Clayton, Dubilier & Rice, in the official end to a long and heated takeover battle. British supermarket Morrisons said the required majority of three quarters of its shareholders backed the deal at a hybrid in-person and virtual investor [...]
Supermarkets stocking shelves with Lynx instead of Christmas products after delivery issues October 19, 2021 Supermarkets are filling shelves with deodorants in order to make shops look stocked. Speaking to the Business, Energy and Industrial Strategy (BEIS) committee, Food and Drink Federation boss Ian Wright said shortages of HGV drivers had resulted in some “extraordinary” scenes. The food boss was keen to stress that the country was “not going to [...]
Boris Johnson says supply chain shortages are due to ‘surging’ global economy October 19, 2021 Boris Johnson has claimed today that the UK’s supply shortages are the result of a “surging” global economy post-Covid and not post-Brexit worker shortages. The UK is suffering from goods shortages in some parts of the country due to shortages of key workers in a number of sectors, including the road haulage and agricultural industries. [...]
Tesco opens new check-out free store October 19, 2021 Tesco has launched GetGo, its first checkout-free store in central London. The new store trial will allow customers to shop and pay without scanning a product or using a checkout. It is rolling out the technology to Tesco Express High Holborn. Customers with the Tesco.com app will now be able to check-in, pick up their groceries walk straight [...]
Caymans link won’t stop Morrisons paying UK taxes, says Leahy October 14, 2021 MORRISONS will pay its taxes in the UK despite the incoming private equity owners using a Cayman Islands firm to operate the business, according to retail giant Sir Terry Leahy. MPs had questioned the arrangement behind the successful Clayton, Dubilier & Rice (CD&R) takeover of the supermarket, sealed in an auction recently, which will see [...]