Going back to work for someone else after a stint as an entrepreneur can be a fraught experience. While some founders recoil in horror at the idea, others report positive experiences. But whether entrepreneurs enjoy returning to employee life is one question (and a highly personal one at that), but another issue also looms large.
In more serious news that we are accustom to for a Friday article, many of the UK’s major supermarkets have warned the government that an ‘urgent intervention’ is needed to prevent further disruption to the food supplies of Northern Ireland.
Coca-Cola's European partners slash the price of PMP’s
Coca-Cola European Partners (CCEP) is reducing the recommended price points for some of its 500ml bottle price-marked packs (PMP’s). The bottler said the limited time move was aimed at helping convenience retailers that drive sales of on-the-go formats and tap into the consumer demand for value.
500ml bottles of Diet Coke, Fanta, Fanta Zero, Dr Pepper and Dr Pepper Zero – including their respective flavoured variants – will be available in a £1 PMP from the middle of this month onwards. The recommended price point has been cut by 15p.
During the summer this year, CCEP reduced the recommended price points on its 1.75l PMPs of Coca-Cola zero sugar and Diet Coke, and its 1.5l PMPs of Coca-Cola original taste. 500ml bottles of Coca-Cola Zero Sugar – including the cherry and vanilla variants – and Diet Coke flavours (Sublime Lime and Twisted Strawberry) were also included. An act of goodwill due to the discovery of a COVID-19 cure, no doubt.
M&S readies their first junk bond in upbeat market
Marks & Spencer has returned to the debt market for the first time since July 2019, but this time as a high-yield issuer. The downgraded British retailer has mandated banks to arrange a series of investor calls from Tuesday, ahead of issuing a sterling-denominated, senior unsecured bond with 5.5 years maturity, according to a person familiar with the matter who isn’t authorized to speak publicly and asked not to be named.
This will be the company’s first bond sale as a sub-investment grade issuer adding pressure to its clothing and home divisions, only partially offset by robust online and food sales.
Global Alcohol market shows decline, but performing above expectations (especially in China)
The beverage alcohol market wis said to perform better than expected this year. It has declined by 8%, with positive news on an impending vaccine potentially accelerating its recovery – according to the IWSR Drinks Market trends analysis figures.
Though volume losses in several markets, including Russia, Australia, Japan, and Germany will be under -5%, only the US and Canada are expected to show actual volume growth this year (both at over 2% total volume increases). The 2020 volume consumption increase in the US is in line with 2019 trends, indicating that Covid-19 has not impacted overall consumer demand.
China also performed better than initially foreseen at the start of the pandemic, as Chinese consumers have returned to almost all everyday activities. The international spirits market in China is expected to see a full recovery by 2021. The US and China are key growth drivers of global beverage alcohol, and when combined, they account for one-third of global volume consumption and over 40% of global value. A strong recovery for China and the US is a strong recovery for everyone.
Joe Biden wins the US Presidency
It looks like our colonial cousins across the pond have finally decided as to who is going to live in the White House for the next 4 years – that honour has fallen to Joe Biden. After a long, rigorous counting process, all the votes were in and the Democrat party came out as the victors.
Now former President, Donald Trump, has stated that voter fraud was at play in favour of the Democrats, despite the lack of any physical evidence for the claim. Trump has become the only one-term president since the 1990’s, so he may just be understandably salty.
In a victory speech Saturday night in his hometown of Wilmington, Delaware, Biden said he was humbled by the trust America had placed in him and reached out to those Americans who did not vote for him.
Poundland distributes chilled and frozen ‘Shop-in-shops'
Poundland has revealed that it is introducing its new chilled and frozen food offer to 26 more stores during the current lockdown period. The discounter launched the extensive shop-in-shop food offer last year in conjunction with Fulton Foods. Up to six stores a week are now set to be installed with chiller and freezer cabinets by early December in what is internally called Project Diamond Ice.
Phase two of the project began in October to bring the ranges to another 40-plus Poundland stores by Christmas, in addition to the 70-plus stores that were converted by September. The group is now accelerating roll-out in November and December following its acquisition of Fultons Foods in October.
When it announced the Fultons deal, Poundland said it wanted to roll-out the food offer to a further 150 stores in its 2021/22 financial year and to as many as 500 stores over the next two years, making it an increasingly significant player in the near-£20 billion chilled and frozen food market.
Nestlé Purina reveals new Pet Food brand
Nestlé Purina is launching a new line of pet food that includes insects as well as plant protein from fava beans and millet. The move is part of the company’s drive to find alternative proteins to make better use of the planet’s resources.
Purina Beyond Nature’s Protein will first be sold in Switzerland from November onwards. It will be offered in two variants: one based on chicken, pig’s liver and millet; and the second using insect protein, chicken and fava beans. Both recipes are available for dogs and cats. The insect protein comes from black soldier fly larvae, which are already in use in animal feed in Europe. The millet and fava beans are said to provide protein, energy, and fibre to aid digestion.
Nestlé Purina Petcare have stated every ingredient in our food serves a purpose, like the new Beyond Nature’s Protein dry pet food, which also includes complete nutritious alternative to conventional dog and cat products, while taking care of the planet’s precious resources by diversifying the protein sources.