Finance

Aryzta
Aryzta buys 49% stake in Picard
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Aryzta to take stake in French food retailer

Swiss bakery group Aryzta has entered into negotiations to acquire a 49% stake in Picard - a speciality French food retailer, owned by private equity group Lion Capital. 

Crepeaffair
Crepeaffair eyes more sites
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Crepe firm reveals plans for new outlets

London-based Crepeaffair has just opened its 12th UK outlet as it strives for 15 in total by mid-summer as well as adding international sites and launching a ‘grab and go’ range. 

Kraft and Heinz merge to create food giant

Kraft Foods, parent company of Mondelez, has merged with H J Heinz, resulting in what has been called the fifth-largest food and drink company in the world.

Finsbury’s share price hits highest level in a year

Finsbury Food Group’s share price closed yesterday (23 March) almost 6% higher than on opening that day at 73.6p, up 5.9%.

Finsbury
Finsbury Food Group's Frozen cake has enjoyed popularity
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Finsbury turns in positive revenue performance

UK bakery manufacturer Finsbury Food Group has posted group revenue up 24.1% to £107.6m following it's acquisition of Fletchers Group last year. 

FDF
FDF: revealed figures on food and drink growth
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UK food and drink enjoy global demand

UK food and non-alcoholic drink exports have almost doubled in value over the past 10 years, growing 2.6% in 2014 to £12.8bn. 

Starbucks
Starbucks has seven-point plan for five years
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Starbucks reveals five-year growth strategy

Coffee giant Starbucks yesterday outlined a major seven-stage plan for the brand, including growing the number of stores from 22,000 to 30,000 worldwide, with a particular focus on China and on tea. 

BB's Coffee & Muffins
BB's Coffee & Muffins eyes expansion
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BB’s Coffee & Muffins chain sold

The BB’s Coffee & Muffins chain has been bought by private equity company Brentwood Investments for a sum rumoured to be around €10m (£7.1m). 

Aryzta
Aryzta posts financial results for the half-year to 31 January
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Aryzta sees demand for bakery in half-year results

Swiss bakery specialist Aryzta has announced a revenue increase of 17.2% to €1.86bn (£1.33bn) in its food group for the six months to 31 January 2015. 

‘Radical’ review of business rates launched

The UK Treasury has launched its largest review of business rates in the UK in ‘a generation’, a move that will affect 1.8m properties in England which currently pay the tax. 

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