Mergers & Acquisitions

🙌 Nando's offers a Level 2 Hospitality Team Member Apprenticeship for individuals over 16 in England, with a 15-month syllabus including customer service and leadership training. Launched last year, the 'Hospitality Heroes' program received 114 applicants and those now over halfway will graduate in 2023. Apprentices earn full-time salaries with benefits like free meals, up to 40% discount, and a paid sabbatical after five years. The initiative, partnered with Lifetime Training, aims to develop future managers within Nando’s.

🍻 After two unsuccessful attempts, Carlsberg will acquire Britvic for £3.3 billion, paying 1,290p per share and a 25p special dividend to Britvic shareholders. The completion is expected in Q4, leading to a new entity, Carlsberg Britvic. This follows Carlsberg's deal to buy Marston’s 40% stake in their joint venture for £206m. Carlsberg aims to enhance its UK market position by combining strong beer and soft drink portfolios, including Britvic brands like Fruit Shoot and Pepsi.