Knoops

Today’s news in brief – 19/03/25

Cornish Bakery has appointed Tamweel to oversee a sale of the business. It comes as the chain has seen sustained year-on-year growth, with revenues and site EBITDA for the 12-month period to May 2025 expected to reach £37m and £8.3m respectively. Under the leadership of MD Mat Finch, Cornish Bakery…

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Knoops makes senior appointments to board amid expansion plans

Knoops has made four new appointments to the board and management team as it looks to accelerate expansion plans in the UK and abroad.  Lush co-founder and former Hotel Chocolat chair, Andrew Gerrie, is stepping up to the role of chair having joined the company in January as a NED. …

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Today’s news in brief – 22/01/25

Knoops has welcomed Lush co-founder Andrew Gerrie to the board amid a sales uplift of 22% like-for-like during the five-week period to 29 December 2024. The company’s revenue growth of 79% year-to-date is also on track to deliver the business plan for the year ending March 2025, with annual UK…

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Knoops welcomes Lush co-founder to board amid sales uplift

Knoops has appointed Lush co-founder Andrew Gerrie to the board as it recorded a 22% increase in like-for-like sales for the five weeks ended 29 December 2024.  The company’s revenue growth of 79% YTD is on track to deliver the business plan for the year ending March 2025 with annual…

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Today’s news in brief – 20/09/24

Caffè Nero has reported record sales of £147m for Q1, driven by very strong growth in the UK of 12.5% year-on-year and a like-for-like sales rise of 9.1%. The coffee house brand’s Q1 performance was “notably” above the general trend of the F&B sector, marking a continuation of Caffè Nero’s…

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Knoops raises £1m on first day of crowdfunding campaign

Knoops has raised over £1m since launching its campaign on Wednesday 18 September via Crowdcube, the world’s largest equity crowdfunding platform.  The Crowdcube campaign went live on Wednesday (18 September) with an initial target of £1m, which had already been comfortably surpassed by the end of yesterday (19 September). The…

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Today’s news in brief – 17/09/24

Pret A Manger’s global sales have hit £1.1bn for the first time in FY23, following its expansion into overseas markets. This comes as the group achieved its medium-term growth target during the period, which was set in 2021. The group aimed to double its size within five years, but instead…

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Knoops launches fundraise amid 110% FY revenue increase

Knoops is ring-fencing at least £1m in a campaign via Crowdcube to allow its customers to join existing investors in a wider £5m EIS fundraise as the company sees revenue increase in FY24. The proceeds will allow Knoops to add to its 21 stores in the UK, expand its retail,…

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Knoops appoints two non-exec directors

Knoops has announced the appointment of Julian Metcalfe and Alice Avis as non-executive directors, both also being investors in the business.  Metcalfe is a “renowned” entrepreneur and co-founder of Pret a Manger and founder of Itsu.   Avis was previously CEO and chair of the Sanctuary Spa Group, an international beauty…

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Today’s news in brief – 20/05/24

Drinks sales rose 13% for the week ended 11 May as warm weather emerged. Trading was well up on all seven days of the week, beginning with a 17% uplift on Bank Holiday Monday, 6 May. The sunshine made it a good week for Long Alcoholic Drinks (LAD) categories, with…

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