InBev families invest in gluten-free Genius | RetailDetail

InBev families invest in gluten-free Genius

InBev families invest in gluten-free Genius

Verlinvest, the investment company owned by the InBev families de Mévius and de Spoelberch, will invest in a large British gluten-free manufacturer Genius Foods. The move will strengthen Verlinvest's position in the drink and food market.

Gluten-free bread and cookies

"The Genius Foods investment happened a couple of week ago, but has remained under the radar up until now", Belgian business newspaper De Tijd wrote. According to the paper, Verlinvest invested "several million pounds", but it is unclear how many shares it will get. "The Verlinvest investment should help the company expand internationally and to research new products, while also shortening British delivery times", the paper concludes.

 

Genius Foods, founded in 2009 in Edinburgh, makes gluten-free bread, pastries, cookies and pies, while it managed a 2013 turnover of some 60 million euro with 350 employees.

 

Food and e-commerce

Genius Foods is Verlinvest's eighth participation in a food company, with Popchips (low-fat chips), Bevyz (drink capsules), Vita Coco (coconut drinks), Leblon (liquor), Hint (water with aroma and vitamins), Sula Vineyards (wine) and Sambazon (smoothies based on Acai berries) also on the list. It also had a participation in French drink group Remy-Cointreau up until last year.

 

The group is also fully focused on e-commerce investments, with a participation in Zalora, Lazada and The Iconic (owned by the German Rocket Internet group).

Questions or comments? Please feel free to contact the editors


Komono wants to reach 10 physical stores this year

17/05/2018

Belgian accessory label Komono wants to double its number of physical stores to ten this year. “The stores are important to tell our story”, Anton Janssens and Raf Maes told De Standaard.

Suitsupply suffers losses because of expansion

15/05/2018

Dutch Suitsupply has experienced a decent turnover growth last year, but its net result tumbled below zero because of its huge investments. Nevertheless, that is the only way forward according to its founder, whose focus is still fixed on the United States.

Starting this Friday, Belgium has its own national e-commerce event

15/05/2018

Move over, Black Friday! This week, Belgium launches its own national e-commerce event as Jack & Jones, Kiabi, La Redoute, Sarenza, Tape à l'Oeil and Veritas organise the first Belgian Friday.

H&M is turning to algorithms to boost sales again

14/05/2018

In an effort to reverse the decline in its worldwide sales, H&M is using technology that will help the world’s largest clothing brand stock its stores more efficiently, sell more effectively and adapt more quickly to current consumer trends.

Zalando's profit wiped away in first quarter

08/05/2018

German online retailer Zalando saw its first quarter profit completely wiped away: last year's 5.1 million euro net profit turned into a 15 million euro loss. Turnover grew 22 %, investments being the cause for both.

Strong online growth for Hugo Boss

03/05/2018

German fashion brand Hugo Boss managed growth in every region in the first quarter. Group turnover grew 5 % to 650 million euro, partially thanks to strong web shop sales.