Investegate |Chapel Down Group Announcements | Chapel Down Group: Full Year Results 2021
Investegate announcements from Chapel Down Group, Full Year Results 2021
Source: investegate.co.uk
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Ocado loss falls to £44m after bumper retail growth
By Alec Mattinson2021-02-09T09:03:00+00:00 Ocado has cut its annual loss by almost 80% amid booming sales during the pandemic, but the online grocer warned the coronavirus outbreak and drive for international expansion will continue to constrain profitability. Total group revenues for the 52 weeks ended 29 November jumped by 32.7% to £2.33bn from £1.76bn in the previous year. This was primarily driven by a 35.3% increase in retail revenue, its joint venture with Marks & Spencer, reflecting increased demand driven by Covid-19 restrictions, with a £31 increase in the average basket value f...
Source: thegrocer.co.uk
Chapel Down quits beer and cider business
English wine and spirits producer Chapel Down has decided to dispose of its beer and cider arm Curious Drinks in a pre-pack sale to private equity firm Risk Capital Partners.
Source: thedrinksbusiness.com