Dean Best

London

Managing editor of @just_drinks and @just_food. @LSENews alumnus. Musings on #business, #FMCG - and on a bit of #sport. Own views. RTs are not endorsements.

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Articles

Science in Sport directors back B-D Capital takeover bid

1 week ago | just-food.com | Dean Best

Science in Sport directors have thrown their weight behind a takeover bid for the UK sports-nutrition group from private-equity firm B-D Capital. In a stock exchange filing today (17 April), Science in Sport said its independent directors had agreed the terms of a deal. The development came 24 hours after B-D Capital’s interest in the business emerged.
Reading the tea leaves: brands weigh up matcha's prospects

1 week ago | just-drinks.com | Dean Best

How London turned green: the relentless rise of matchaEven Dua Lipa Is Drinking Matcha – Here’s Why The Wellness Set Loves ItThe new green giant: how matcha took over the worldThe headlines on the popularity of matcha have come thick and fast in recent months.
Henkell Freixenet to shut Yvon Mau bottling facility

1 week ago | just-drinks.com | Dean Best

Henkell Freixenet is ending bottling at French wine-trading business Yvon Mau.
Arla and DMK unlikely to be last big deal in Europe’s stagnant dairy market

1 week ago | just-food.com | Dean Best

Not even four months after FrieslandCampina and Milcobel set out plans to merge, another pair of European dairy groups have announced they are to join forces – and they are unlikely to be the last. On Tuesday, Denmark-based Arla Foods and Germany’s DMK outlined a deal they said would create the “largest dairy cooperative in Europe”. The new co-op is to have more than 12,000 farmers across seven countries and a pro-forma revenue of €19bn ($20.75bn).
Arla still at table amid Domty split plan

1 week ago | just-food.com | Dean Best

Arla Foods has expressed its interest in the dairy assets held by Arabian Food Industries, which plans to split into two entities. A “non-binding offer” from Arla for a majority stake in Arabian Food Industries, also known as Domty, is off after the Egyptian group decided to separate in two. However, the Danish dairy giant said today (14 April) it would hold talks with Domty over its dairy assets. In October, Arla put forward a proposed bid to buy a majority stake in Domty.
Greencore, Bakkavor secure extension to deal talks

1 week ago | just-food.com | Dean Best

Greencore and Bakkavor have been given more time to continue talks over a possible £1.2bn ($1.57bn) takeover bid. Last week, the two UK manufacturers said their boards had “reached an agreement in principle” on Greencore’s latest offer for its ready-meals peer after seeing two bids rejected.
Westward Whiskey CEO optimistic as distiller files for Chapter 11

2 weeks ago | just-drinks.com | Dean Best

Westward Whiskey CEO Thomas Mooney has said the US single-malt distiller “has a bright future” after filing for Chapter 11 protection. In a statement, Mooney said the move was “a necessary step as we explore financial and strategic alternatives to better position our company to thrive as an independent craft distiller”. Westward Whiskey, which made the filing in Delaware, “will continue to operate as usual and bring our world-class whiskeys to our growing consumer base”, Mooney added.
Constellation sells more wine brands to The Wine Group

2 weeks ago | just-drinks.com | Dean Best

Constellation Brands has offloaded more wine brands – and again US peer The Wine Group is the buyer. In a deal announced yesterday (9 April), Constellation said it had sold six brands, including Woodbridge, Meiomi and Cook’s. The brands are “mostly positioned in the declining mainstream segment”, the group said. It added the deal is “expected to generate circa $900m in proceeds” in its new financial year. The sale is Constellation’s latest move to reshape its range to pricier products.
Canada’s Groupe St-Hubert sets out capex plans

2 weeks ago | just-food.com | Dean Best

Canada-based Groupe St-Hubert plans to invest in its food manufacturing arm. The company today (9 April) set out capex plans for both sides of its business – food production and restaurants. In a statement, Groupe St-Hubert said it is making “massive investments” in its food manufacturing plants in two suburbs of Montreal – Blainville and Boisbriand. The group said it will invest more than C$11m at the factories plants to add new production lines and modernise equipment.
Mahou San Miguel adds wine-based drinks to range

2 weeks ago | just-drinks.com | Dean Best

Mahou San Miguel has expanded its product portfolio into wine-based drinks with the launch of the Los Cachis brand.