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Food giants are strangling Britain’s farmers and consumers. What’s the solution? Break them up | Nicholas Shaxson

The Guardian: Mergers & Acquisitions

The problem is our monopolised food system. Think of it as a vast profit machine shaped like an hourglass, with many food producers at the top, millions of consumers at the bottom, and a few dominant firms – such as giant supermarkets or global food traders – clustered at its narrowing neck, siphoning a cut from the passing traffic.

Food 111
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AB Foods raises profit outlook as Primark gets summer boost

Global Banking & Finance

AB Foods raises profit outlook as Primark gets summer boost By James Davey LONDON (Reuters) -Associated British Foods raised its full year profit outlook on Monday with its Primark fashion business boosted by warm weather kicking in across its European markets and its food unit trading well.

Food 52
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Primark and groceries fuel profits at Britain’s AB Foods

Global Banking & Finance

By James Davey LONDON (Reuters) – Associated British Foods said it was well set-up for medium term growth, as it reported a 32% rise in full-year profit, driven by robust performances from its Primark clothing business and grocery division.

Food 40
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Serial Founder Max Koutny Shares His Entrepreneurial Journey and Acquisition Criteria

How2Exit

Max is currently searching for new acquisition opportunities in the health and wellness, personal care and beauty, food and beverage, specialty chemicals, and alternative energy sectors. rn Summary: Max Koutny is a serial entrepreneur with a background in architecture and a passion for creating and growing businesses.

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Food Distribution is Ripe for M&A

Focus Investment Banking

In this article, which joins our ongoing coverage of the Food & Beverage industry, we introduce an overview of M&A activity in food distribution with a focus on fresh food. The pandemic accelerated innovation at all levels as it spotlighted weaknesses and systemic inefficiencies, particularly in food distribution.

Food 52
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Online wholesaler Boxed acquired after filing for bankruptcy

TechCrunch: M&A

At the time, Boxed had more than 7 million registered users and reported it was close to profitability. Other food delivery services have shut down or announced layoffs, including in particular fast-delivery services like Food Rocket’s 2023 closure and Gopuff’s multiple rounds of cost-cutting, among others.

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Caterer Compass Group forecasts slower-than-expected growth in 2025 profit

Global Banking & Finance

(Reuters) – British food catering firm Compass Group forecast a slightly slower-than-expected growth in 2025 profit on Tuesday after a 16% jump in the previous year on new businesses and staff returning to offices and eating at canteens.