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July 15, 2019

Real Good Food names new finance chief

Real Good Food has appointed a new finance chief to replace Harveen Rai, who left the London-listed business in March.

By Dean Best

Real Good Food has appointed Maribeth Keeling as its finance chief to replace Harveen Rai, who left the London-listed business in March.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Keeling will take on the job immediately from her current position as finance director of the company’s cake decoration division, according to a statement today (15 July). Rai had left the struggling business earlier in the year under mutual consent.

Real Good Food is now a trimmed-down business following the sale of a number of assets to restore the company to growth, with two “profitable” divisions now left – its cake decorations operations and Brighter Foods. 

Last year, the financially-embattled firm had to raise funds from a share offering and agree loan extensions with its major shareholders. It offloaded its jams and preserves business R&W Scott, Haydens Bakery and the Garrett Ingredients subsidiary.

Chief executive Hugh Cawley said: “We are delighted that Maribeth has agreed to assume the role of group CFO and we look forward to working with her to continue the improvement in the performance of Real Good Food.”

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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