The more UK-facing convenience meals business is believed to be more challenged and therefore less attractive to acquirers.
Other companies such as Greencore, Bakkavor and Samworth dominate the UK chilled consumer market, as Kerry has focused instead on growing its leading taste and nutrition business.
While sources said one of those three, or possibly Two Sisters or McEvoy, could try to consolidate the sector, trade acquisitions in convenience foods are relatively rare.
Industry sources speculated that Kerry s consumer food brands would therefore most likely be broken up and sold piece by piece to regional buyers seeking food factories near their existing production facilities.
Rank Group H1 revenue falls 55% as operator posts £48.6m loss
28th January 2021
| By Conor Mulheir
The Rank Group saw revenue fall 55% in the first half of its 2020-21 fiscal year, with land-based closures resulting from novel coronavirus (Covid-19) exacerbated by the impact of new social responsibility measures on digital revenue.
Underlying like-for-like net gaming revenue in the six months to 31 December 2020 came to £156.9m, down 58% year-on-year. This does not factor in the acquisition and integration of Stride Gaming, new venues and permanent venue closures.
Of this total, £66m came from digital operations of the business, up 1%, and £90.9m came from the operator’s venues, down 70% on a like-for-like basis.
One of the big issues is whether goods sold by retailers into Europe are subject to tariffs.
Under the Brexit deal a product will attract tariffs if more than 40% of its pre-finished value is neither of British nor EU origin, from Japan, for example. Big retailers will take time to calculate their exposure to tariffs and some have suspended all sales to the EU while they work out their new cost base.
The cost of new paperwork, including customs declarations required on goods being traded in both directions, is another consideration, as is the £150-a-time health certificate require on all consignments of food.
As part of the supply deal, new slots from the game developer will also be accessible to
Hollywoodbets players when they are released. Titles such as The Big Deal, Robin Hood and His Merry Wins, and Reign of Gnomes will be included, as well as the highly anticipated and action-packed,
Neon Blaze.
slated for release in early January 2021 and comes complete with a
five-tier progressive jackpot!
Commenting on the significance of the new partnership, Chief Executive Officer for Revolver Gaming,
Ryan Lazarus said in a company press release that they are “closing 2020 out on a high note,” and…
“Hollywoodbets is the largest sports betting brand in South Africa and with that brand now having established itself as a player in the UK online gaming market, we’re excited to bring our library of games to a
Licensed betting operator Hollywoodbets is adding Revolver Gaming’s eye-catching video slots to its UK-facing online casino. The agreement will see all current Revolver Gaming slots being deployed on the Hollywoodbets UK online platform, with titles like Reign of Gnomes, Robin Hood and His Merry Wins and The Big Deal all on offer. In addition, new Revolver slots will be available to Hollywoodbets players upon release. This includes the dazzling Neon Blaze, which is slated to launch early January 2021 and has a five-tier progressive jackpot waiting to be won. Revolver’s integration with Hollywoodbets is being facilitated through its distribution partnership with BetConstruct, one of the industry s leading game aggregators and white label providers.