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Did You Know ...? 24 May 2022

Did you know ...? A study commissioned by French retailer E.Leclerc has found that almost all French consumers (96%) are feeling the impact of rising costs in their shopping baskets, reports ESMMagazine.com. As a result of this inflation, more than seven out of ten French consumers have already had to give up spending on certain products to limit the impact of rising prices on their wallets.

Did you know ...? Packaging firm SIG has successfully raised nearly €204 million by placing 11 million new shares at a price of CHF 19.40 each, reports ESMMagazine.com. The capital increase generated gross proceeds of CHF 213.4 million, which will be used to fund, in part, the acquisitions of Scholle IPN and Evergreen Asia, which were announced earlier this year.

Did you know ...? Quorn is currently the number-one brand in frozen meat-free products in the UK and Ireland – worth more than €5 million in Ireland alone – and maintaining an 11% higher market share than its closest competitor. It therefore plays an important role in the category for retailers looking to put sustainability at the forefront of their business. Meat-free eating is at an all-time high. With more households than ever before buying into the category, frozen meat-free products are currently worth over €17 million in Ireland.

© 2022 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more retail news, click here. Click sign up to subscribe to Checkout.

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Enjoy the most important stories from the world of Irish grocery retail, curated for you by our team of experts every week.
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Enjoy the most important stories from the world of Irish grocery retail, curated for you by our team of experts every week.
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