Nov 14, 2017 | News, Retailing
The UK’s competition regulator has provisionally cleared Tesco’s £3.7bn takeover of Booker. The Competition and Markets Authority (CMA) has stated that the deal could in fact increase competition in the wholesale market and mean reduced prices for consumers. CMA added...
Nov 13, 2017 | News, Retailing
Nisa Retail has announced that its members have voted in favour of Co-op’s offer to buy 100% of the business for up to £137.5 million. A majority of 75.79% of Nisa’s members voted for the deal, as opposed to 24.1% who voted against. The offer requires clearance from...
Nov 10, 2017 | News, Retailing
Sainsbury’s has seen underlying profit before tax drop by 9% to £251 million in its latest interim results for the 28 weeks to 23rd September, despite group sales jumping 17% to £16,310 million. According to the retailer, the fall in profits reflected “previously...
Nov 8, 2017 | Fish Processing, Food Packing, News
International meat packing business Hilton Food Group has announced the £80.8 million takeover of chilled UK fish processor Icelandic Group UK Limited (Seachill). Hilton had previously stated that the acquisition presents an “attractive growth opportunity and entry...
