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Some interesting news Drayton found from the #food and #drinks world this week: 1. Grocery Price Inflation Returning To Normal; Although Asda And Aldi UK Lag Behind Rivals. Latest figures from Kantar Worldpanel show that take-home grocery sales in the UK rose by 2.9% over the four weeks to 12 May, while grocery price inflation fell for the fifteenth month in a row to 2.4% – the lowest level since October 2021. According to Fraser McKevitt, head of retail and consumer insight at Kantar, “Grocery price inflation is gradually returning to what we would consider more normal levels,” 2. BUXTON BREWERY COMPANY LTD has been sold in pre-pack administration deal to a company known as ‘Happy Place Investors’. The deal would safeguard “the future of the brewery and the group’s taprooms and bars in Buxton”, according to Interpath Advisory. 3. Ferrero Group has introduced the company’s first sugar candy, Tic Tac Chewy, at the 2024 Sweets & Snacks Expo in the US. Tic Tac Chewy will be available from September at various retailers including Amazon. 4. Diageo has announced plans to invest over €100 million to decarbonise its historic St. James’s Gate site in Dublin 8, where Guinness has been brewed for 264 years. The investment underpins the goal to accelerate to net zero carbon emissions for the site and will transform energy and water consumption with the aim to make it one of the most efficient breweries in the world by 2030. 5. Kellanova is introducing Pringles Mingles, a puffed alternative to the chip that will come in a bag. The puffs come in bowtie shapes, modeled after the brand’s mustached mascot Mr. P. #investment #newproductdevelopment #brewery

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