Tag: UK groceries
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UK CMA probes Kingsmill owner’s £75m takeover of Hovis in bread market shake-up
Britain’s competition watchdog scrutinises Hovis deal The UK competition regulator, the Competition and Markets Authority (CMA), has stepped up its review of a £75 million plan that would see the owner of Kingsmill acquire the sliced bread brand Hovis. The proposed takeover, announced by Associated British Foods (ABF) – the conglomerate behind Primark – would…
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Asda Sale-Leaseback Raises Almost £600m: What It Means for the UK Retail Giant
Overview: Asda’s asset-backed financing in a challenging retail moment UK supermarket chain Asda, owned by private equity group TDR Capital, has secured close to £600 million through two sale-and-leaseback transactions. The deals involve selling property assets to raise funds while continuing to operate stores under long-term lease agreements. The financing is aimed at shoring up…
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Hopes Rise for Bread Price War as Aldi and Lidl Slash Costs
The Beginning of a Price War Shoppers could be in for a substantial saving as two European grocery giants, Aldi and Lidl, intensify their price-cutting strategies. Both retailers have begun cutting the cost of staple bread items, signaling a broader move that could reshape how much households spend on everyday loaves. By lowering prices on…
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Shrinkflation hits everyday staples, piling more pressure on households
Shrinkflation Tightens the Household Budget Across the UK, households are feeling the squeeze as brands quietly reduce the size or quality of everyday staples while prices stay the same. Consumer watchdog Which? has catalogued a string of shrinkflation examples—from toothpaste and coffee to heartburn medicine—indicating a coordinated effort to cut costs without prompting immediate price…