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By Ian Quinn2020-12-18T00:01:00+00:00 Source: Unsplash Covid-19 has helped wipe £75m off chilled ready meals as millions of shoppers, either furloughed or working from home, picked up their pots and pans to practice their scratch cooking, and Brits made fewer trips to the supermarket. These two factors helped drive a 3.7% value decline in fresh ready meals, the largest and most premium of the three ready meals sectors. “Demand for ready meals purely on the basis of convenience, when an equivalent could easily be prepared from scratch, has sharply declined,” says Patrick Cairns, CEO of ...

By Daniel Selwood2020-12-18T00:01:00+00:00 Source: Unsplash Petcare’s been rich with investment of late. In April, Nestlé spent an undisclosed sum to buy buoyant Lily’s Kitchen. In September Forthglade was sold for £50m. That was followed in October by Spectrum Brands putting up £140m for Armitage Pet Care, while dry dogfood specialist Skinner’s grabbed a majority stake in wet dogfood producer Naturediet. Amid the flurry of M&A activity, Aardvark Petcare smashed its launch fundraising target, Edgard & Cooper secured over £16.5m, and Denzel’s netted a six-figure cash injection, f...