27 food and drink deals announced during Q2 2020 in the UK despite economic disruptions

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July 28, 2020, 8:38 AM UTC

Grant Thornton’s food and beverage insights report suggests increased deals in the food and drinks sector by the end of 2020.

The UK food and drink sector’s deal-making declined 39% in Q2 2020, from 44 deals in Q1 2020 to settle at 27 deals in Q2. But the level of activity remained “surprisingly high”, as per Grant Thornton. Trefor Griffith at Grant Thornton says many deals had been near completion before the lockdown happened.

Deals in H2 2020 are expected to decrease due to the lack of new deals coming to the market. Insolvencies could increase when the government’s furlough scheme ends.

However, the removal of Brexit uncertainty and potential tax changes for entrepreneurs selling businesses could increase activity in 2021. Griffith expects to see increased activity in key on-trend sub-sectors like healthy eating.

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