Industry Updates – Food and Beverage 4/4/19
04/04/2019
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.
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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