Industry Updates – Food and Beverage 4/4/19

Each week we provide our customers with an industry update, to inform them what is going on in their industry. We have decided to publish this online for all to see.

If you like this we regularly provide industry updates on our LinkedIn feed.

UK WINE SELLERS FIND THEMSELVES SQUEEZED ON ALL SIDES

Date: 30/3/2019

Source: Financial Times

Since the turn of the millennium, five of the UK’s biggest high street wine retailers have fallen into administration. One of them, twice read more

LOUNGERS CAFE-BAR CHAIN TO FLOAT ON AIM

Date: 1/4/2019

Source: The Times

A cafe-bar chain focused on suburban high streets and market towns plans to float with a portable value of more than £250 million read more

KELLOGG SELLS KEEBLER AND FAMOUS AMOS TO GET OUT OF COOKIES

Date: 1/4/2019

Source: CNN Business

Kellogg is getting out of the cookie business to focus on snacks and cereal. Ferrero will buy Kellogg’s cookies, Famous Amos, Mother’s, Murray’s, Girl Scout cookies and fruit snack brands for $1.3 billion read more

BURGER KING LAUNCHES PLANT-BASED ‘IMPOSSIBLE WHOPPER’

Date: 2/4/2019

Source: Sky News

Fast food chain Burger King says it will trial a new plant-based alternative to its meat burgers read more

CORONA MAKER CONSTELLATION TO SELL ABOUT 30 BRANDS FOR $1.7 BILLION

Date: 3/4/2019

Source: Reuters

Constellation Brands Inc said on Wednesday it would sell about 30 of its low-end wine and spirits brands to E. & J. Gallo Winery for $1.7 billion, as the Corona beer maker focuses on more profitable brands  read more

LAMB WESTON (LW) BEATS ON Q3 EARNINGS & SALES, RAISES OUTLOOK

Date: 3/4/2019

Source: Nasdaq

Lamb Weston Holdings, Inc. LW delivered solid third-quarter fiscal 2019 results, wherein both top and bottom lines grew year over year and surpassed the Zacks Consensus Estimate. Moreover, management pulled up its sales and adjusted EBITDA guidance for the fiscal read more