Co-op offers £137.5m to take over wholesaler Nisa
Co-op’s £137.5 million offer to acquire Nisa Retail has been “unanimously recommended” by Nisa’s board, with the bid remaining conditional on the approval of Nisa members and the Competition and Markets Authority (CMA). Under the proposed deal, Co-op Group is offering...
Nisa unveils strong first half performance and interim CEO appointment
Wholesaler and convenience retail specialist Nisa Retail has announced a “positive” first half trading period with an increase in sales of £728 million, up 12.4% on last year, along with the appointment of Arnu Misra as interim chief executive. Sales at the business...
Dave Lewis announced as key speaker for City Food Lecture 2018
Dave Lewis, group CEO of Tesco, will present the City Food Lecture 2018, the organisers have announced. The lecture will be held at London’s Guildhall on 28th February 2018 and is considered by many to be a key event in the food industry’s calendar. The event aims to...
Tesco reports sales increase and strong fresh food performance
Tesco sales rose for the seventh consecutive quarter, by 3.3% to £25.2 billion in the first half of 2017/18, with volumes within its core fresh food business having grown by 1.5%, thanks to continued “strong performance” within its meat and produce categories....
Rise in foodservice fish prices driven by inflation
Fish prices in foodservice have seen an “abrupt” increase, as the category recently saw some of the highest rates of year-on-year inflation, according to the CGA Prestige Foodservice Price Index. Overall foodservice price inflation peaked at 9.3% year-on-year in...
