Consumer AI use a boon for the holidays as AI traffic doubles
Consumers using AI engage with brands’ offers at a higher rate than non-AI traffic and generate more revenue per visit, a survey from Adobe found.
Corporate
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Metrocentre acquired by Landsec in £516m deal
Landsec, which operates Liverpool ONE and Bluewater, has exchanged contracts to acquire a 100 per cent stake in Metrocentre, Gateshead for £516m. The property investment firm…
Sargento acquires La Terra Fina
The acquisition expands the Sargento portfolio into grocery and club deli departments, creates a Deli Business Unit alongside Consumer Products and Food Service & Ingredients, and…
Haribo cancels plan for new Germany plant
German sweets giant Haribo has cancelled plans to build a new plant in Neuss, citing “disruption” from market conditions. The post Haribo cancels plan for new Germany plant…
McCormick Beats Quarterly Sales Estimates On Steady Demand
McCormick beat Wall Street estimates for third-quarter sales as consumers continued to reach for its seasonings and sauces.
CMA considers sale of 15 Co-op convenience stores
Co-op Group completed its takeover of Southern Co-op in July, but the deal remains subject to CMA approval
Topps Tiles revenue falls to £292m amid store closures
The retailer saw a 1.3% decline in annual sales, but trade unit Pro Tiler Tools posted record revenue
Another record revenue for Søstrene Grene
With revenue growth of more than 16% in the past fiscal year, Søstrene Grene has once again broken a record. The Danish home goods retailer opened 72 stores and entered three new…
Hormel boosts chicken presence with $1bn Brakebush deal
Hormel Foods is to acquire chicken producer Brakebush Brothers from the Brakebush family for approximately $1.05bn. The post Hormel boosts chicken presence with $1bn Brakebush…
Unstable health policy deterring food firms from UK investment, FDF warns
Uncertainty around UK health regulation is discouraging food and drink manufacturers from investing in healthier product innovation, according to new research from the Food and…
Retailers pay 72p in tax for every £1 of profit as tax bill hits £62bn
Retailers are handing over the equivalent of 72p in tax for every £1 of pre-tax profit they make, according to new analysis that lays bare the huge cost burden facing the UK high…
H&M Group taps Bleckmann to support UK expansion
H&M Group has confirmed a new partnership with fashion logistics specialist Bleckmann, who will act as its new third-party logistics provider. It will reportedly use Bleckmann’s…