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The impact of COVID-19 / Brexit on M&A and the food sector – International Supermarket News

The impact of COVID-19 / Brexit on M&A and the food sector – International Supermarket News
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Gousto posts first profit as demand soars during pandemic

Gousto grew total sales by 129% in 2020 to £189m, having doubled its capacity during the year. Along with surging sales growth, the firm, which achieved ‘unicorn status’ of a $1bn valuation after raising £25m of new equity in November, posted underlying EBITDA of £18.2m compared to a loss of £9.1m in 2019. Founder and CEO Timo Boldt said the shift to profitability occurred before the pandemic hit, having posted a profit in the fourth quarter of 2019. He added that posting a profit did not reflect any focus on tightening costs during the pandemic, as the brand continued to invest “aggressively” during the year.

United kingdomTimo boldtJoe wicksMindful chefஒன்றுபட்டது கிஂக்டம்டைமோ போல்டர்ஓஹோ விக்ஸ்கவனத்துடன் செஃப்

Nestlé reports three-month sales for 2021

Nestlé reports three-month sales for 2021 Share this page 14:00 Organic growth reached 7.7%, with real internal growth (RIG) of 6.4% and pricing of 1.2%. Growth was broad-based across most geographies, supported by early signs of recovery from out-of-home channels, improved pricing and market share gains. Foreign exchange reduced sales by 5.3% due to the continued appreciation of the Swiss franc against most currencies. Net divestitures had a negative impact of 1.0%. As a result, total reported sales increased by 1.3% to CHF 21.1 billion (3M-2020: CHF 20.8 billion). Portfolio management on track. The sale of Nestlé s regional spring water brands, purified water business and beverage delivery service in the

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First Food & Drink Heroes shortlist revealed

The shortlist for the inaugural Food & Drink Heroes awards has been revealed.

United kingdomGareth hobbsFrancesca jamesVisionary food solutionsAlcoholic drink entrepreneurNon alcoholic drink entrepreneurConfectionary entrepreneurStart up entrepreneurRestaurant entrepreneurDrink heroesGreat british entrepreneur awardsMindful chefDrink heroeஒன்றுபட்டது கிஂக்டம்கரேத் ஹாப்ஸ்பிரான்செஸ்கா ஜேம்ஸ்

Nestlé Global announces the financial results for Q1 2021 and reports an organic growth of 7 7%

Nestlé Global announces the financial results for Q1 2021 and reports an organic growth of 7 7%
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