Alec Mattinson
The Grocer
United Kingdom
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Past articles by Alec:
Grocery inflation hits new 17.1% high as discounter growth soars
Grocery price inflation has soared to a new high of 17.1% as the discounters continue to rapidly take share from the major supermarkets → Read More
Food and drink M&A activity edges up in Q4 as market shows ‘green shoots’
Food and drink deals ticked up in the fourth quarter of 2022, boosting hopes dealmaking will rebound in 2023 after economic turmoil effectively froze the market last year → Read More
UK cultivated meat investments jump fivefold in 2022
Analysis of PitchBook data found UK cultivated meat companies enjoyed £61m of new funding in 2022 → Read More
El Rayo Tequila secures £870k investment to fund UK growth
London-based premium tequila brand El Rayo has raised £870k in new funding as it aims to double sales in 2023 → Read More
This named fastest-growing food brand in Fast 50 ranking
The brand's rapid growth and heavy investment has propelled it to the top of Alantra's annual Fast 50 → Read More
Bestway Group takes stake in Sainsbury’s
Costcutter owner Bestway Group has announced this morning it has taken a 3.45% stake in Sainsbury's and may buy further shares in the supermarket → Read More
Princes owner in search of buyer as sales fall sharply
The owner of tinned food giant Princes has kicked off a search for a buyer as newly filed accounts revealed it suffered a sharp drop in sales and profits as surging Covid demand eased → Read More
Savoury pastries & meat snacks: NPD keeps pastries & pies fresh
Canny innovation has helped savoury pastries hold their own in the wake of the pandemic → Read More
ABF still searching for the right recipe to turn around Kingsmill owner Allied
Last month Associated British Foods CEO George Weston admitted pricing alone wouldn't fix the serial underperformance of its bakery arm → Read More
CapVest’s Second Nature Brands acquires Brownie Brittle
The international snacking group is looking to scale up in its domestic US market → Read More
Pots & Co suffers 29% sales drop for 2021 due to pandemic
Newly filed accounts show sales fell 28.6% in 2021 from £13.9m to £9.9m → Read More
Carlsberg upgrades earnings expectations on strong Asian growth in Q3
Carlsberg has upgraded full year earnings expectations on stronger than expected growth in key markets on volume and pricing increases in the third quarter → Read More
Petfood subscription service Butternut Box sees sales leap
Online petfood player Butternut Box saw a 50%-plus leap in sales last year as it built on pandemic demand, though losses grew due to investment in growth → Read More
Samworth Bros commits £100m investment following Covid rebound
Samworth has pledged to invest more than £100m in growth over the next two years after bouncing back from Covid → Read More
What do soaring interest rates mean for debt-laden Morrisons and others?
Moody's cited Morrisons as a prime example, with its £6.6bn debt → Read More
Sainsbury’s £500m sale and leaseback store deal scrapped
A £500m sale and leaseback transaction for 18 Sainsbury's stores announced last week has colllapsed → Read More
Unilever begins search for new CEO as Alan Jope sets retirement date
Unilever has announced CEO Alan Jope will step down from his role at the end of 2023 → Read More
Food and drink’s top financial performers of 2022
PepsiCo benefited from a return to out-of-home consumption of its snacks and drinks → Read More
Is the cost of living crisis good news for Greggs and its value-led proposition?
Will shoppers trade down to Greggs or will its target audience actually be worse affected? → Read More
City snapshot: SSP Group sales continue to rebound on travel sector recovery
Travel retail player SSP Group has continued to rebuild revenues after Covid, with third quarter sales back up to 87% of pre-pandemic levels. Plus trading updates from McBride and Poundland owner Pepco Group. → Read More