Shares in UK supermarkets surge amid acquisition speculation
Shares in British supermarkets surged today amid speculation that they could be targets for private equity bids, The Evening Standard reports. Sainsbury’s jumped by 13.8p — or 4.8% — to top the FTSE 100. Tesco was the second biggest riser with a gain of 1.6% and Ocado was just behind, up 1%. Momentum in the sector follows the conclusion of the bidding war […]
Green SuperFood launches European Marketing Arm
Green SuperFood, a producer-exporter of premium and sustainable fresh fruit and one of the largest Hass avocado growers in Colombia and Brazil, will launch its new European marketing and distribution arm called Farmers Home Europe at Fruit Attraction 2021 (Stand 6F03A in Hall 6). Farmers Home Europe, which will be the European office for GSF’s Latin American […]
Tesco to expand use of train service from Spain for fresh produce amid truck driver shortage
Tesco plans to expand its use of a train service to bring goods from Spain into the country which helped it cut emissions and protect deliveries through a truck drivers’ shortage, its CEO told Reuters. Ken Murphy said in an interview for the upcoming Reuters Impact conference that the last three months had been “quite challenging” […]
What if Instacart Becomes a Retailer?
Originally printed in the September 2021 issue of Produce Business. My eldest son, William, is a student at Cornell University. He attends The Hotel School, which is a part of the SC Johnson College of Business. This year, he moved off campus into his own apartment. One of the reasons he looked forward to this is […]
Tesco’s new mission: Net zero emissions across chain by 2050
UK supermarket chain Tesco is making a further commitment to world climate sustainability by saying it would reach net zero emissions in its value chain by 2050. The action will include all of the products that are in its stores as well as throughout supply chains, which will meet the goals set out by the […]
Morrisons first supermarket to ban plastic packaging from bananas
Morrisons has become the first UK supermarket to ban plastic packaging from all bananas sold in its stores. The supermarket giant – one of the ‘Big Four’ in Great Britain – announced a pledge to replace plastic bags with paper bands on some of its bananas – which is the second most bought item in stores. […]
Blackberry popularity booms as UK consumers latch on to varieties, benefits
When it comes to the popularity of soft fruit, strawberries and blueberries often get the most attention from consumers. But increasingly, Britons are adding another to their mix of purchases. Blackberries have become a £51 million spend for shoppers, according to data from British Summer Fruits, including a steady increase over the past 12 months. […]
Disruption from truck driver shortage to deepen, warns logistics boss
Disruption from the UK’s truck driver shortage is expected to deepen with more goods failing to reach shelves on the high street, the head of Britain’s largest logistics outsourcer has warned. James Wroath, chief executive of Wincanton, said the extra strains were likely to hit the haulage industry as demand picks up ahead of the […]
