Visionary Weekly Roundup! 20/07/2018
Visionary Weekly Roundup!
In the News:
Germany's Intersnack Group has made its second acquisition in the UK snack market in as many months with the purchase of Popchips Ltd. for an undisclosed sum.
Mark Thorpe, CEO of KP Snacks, noted: “Popchips is a fantastic addition to the KP business and, coming hot on the heels of our recent Tyrrells acquisition, we believe it significantly strengthens our permissible and better for you propositions, enabling us to offer customers and consumers snacks for every occasion. Will Bowler (managing director of Popchips Europe) and the Popchips team have done a great job growing the brand and its distribution over the last few years. The deal brings together the fastest growing snack brand in the UK market and the fastest growing scale snacks manufacturer, and we will now be working with Will, his team and the co-manufacturers of the product to ensure the successful integration into our business.”
What do you think of this second acquisition in such a short space of time? Let us know.
Top Secret Trip:
This week we’ve been talking to a brand about getting investor ready and traversing the challenging process of raising funding and the importance of managing your P&L, balance sheet and cash!We’ve also been busy mapping out another brands route to entry into retail. With this came the exciting trip into a top 4 retailer – although this has to be kept quiet for now, watch our social pages over the next few days to see where we’ve been!
Leadership & Team Development:
If you read last week’s update you would have seen, we were busy interviewing new people to join the team. Well good news, this week we have been on boarding the latest member of our team who will be leading one of our brands in the UK and international markets. This is a hugely exciting time for us here at Visionary as we continue to grow our team of talented, experienced and knowledgeable experts.
The Skies the Limit!
This week the Foodservice team have had a number of new wholesaler wins. This has been at a regional level and strengthens our customers supply coverage throughout the UK. We have also been working at a national level to drive the Bidfood Summer Marketplace Promo for a number of our customers and we are seeing record sales.
Outside of this we have been in London to meet with start-up and challenger brands about how their journey is going and where Visionary Food Solutions can support their growth. We have also been asked to tender one of our customers for a national airline opportunity so stay tuned for this exciting news!