Food manufacturers face losing millions after the failure of Palmer & Harvey, a report from the administrator PricewaterhouseCoopers (PwC) has revealed.
Food manufacturers and independent convenience retailers are being urged to offer more exciting ‘food-to-go’ choices to avoid missing out on the £2.3bn business opportunity.
The assets of B Riley & Sons, the Burnley-based abattoir business that went into administration in January with the loss of 130 jobs, has been sold to Dale Valley Rossendale.
Morrisons is close to agreeing the sale of its M-Local convenience stores to investment group Greybull Capital, according to press reports, as Shore Capital warned the supermarkets’ convenience business had “reached its zenith”.
Morrisons has announced it will invest a “sizeable” amount of money to open a new 8,825m² distribution centre alongside its existing Bridgwater manufacturing site.
The UK convenience store market is expected to increase in value to £49bn by 2019, growing by over 30% in the next five years from a current value of £37bn, according to the latest projections from grocery think tank IGD.
Own-label food manufacturers need to raise the image and quality of products supplied to ‘symbol’ stores if they are to convince shoppers that they are as good as those offered by multiple supermarket chains.
Food manufacturers supplying the retail sector are being advised to adapt their offer to make the most of the growth potential of the convenience channel.
Chilled food manufacturer Greencore’s US business is “off the critical list” after its acquisition today (June 27) of US sandwich and sushi manufacturer HC Schau & Son, according to City analyst Investec Securities.
Small, unaffiliated independent stores will continue to go to the wall unless they can improve their retailing skills and find new ways of attracting...
DSM has introduced the Delvotest Accelerator for the fully-automatic testing of milk control stations and dairies for antibiotic contamination. Used...
