Knoops

Knoops appoints new CMO

Knoops, a chocolate drinks retailer which operates cafes in the UK, has announced the expansion of its senior leadership team with the appointment of Romy Miller as chief marketing officer. Miller joins Knoops from KellyDeli, the owner of Europe’s largest sushi brand, Sushi Daily, with 1,200 outlets. She was previously…

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Today’s news in brief – 15/02/24

Britain’s leading hospitality groups saw YoY LFL sales growth of just 0.1% in January, according to data from CGA. This comes after there was like-for-like sales growth of 8.8% in December 2023. Knoops reported a 23% rise in revenues on a like-for-like basis for the start of 2024. In addition…

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Knoops revenues up 23% since Christmas

Chocolate drinks expert Knoops has reported a 23% revenue increase on a LFL basis for the start of the year.  In addition to over-the-counter, barista-prepared drinks, sales of chocolate flakes in stores are continuing to perform strongly – also up 23% LFL.  Online sales in January were up 163% on…

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Today’s news in brief – 19/12/23

Drinks sales in managed venues fell by 9% for the week ending 9 December, compared with the same period last year. Alcohol categories struggled due to World Cup comparatives, while midweek performance suggests modest average growth. As festive occasions approach, operators seek to maintain footfall amidst weather and rail strike…

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Knoops revenues jump 67% to £4.43m in FY23

Knoops, the retailer of crafted chocolate drinks, has reported a revenue increase of 67% to £4.43m for the year ended on 30 September.  Operating EBITDA for the group was up 206% to £269k, compared with £87k in 2022.  Online sales were also up 48% on a like-for-like basis, with 63%…

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Today’s news in brief – 30/11/23

Mitchells and Butlers reported a drop in operating profits to £98m for the year ended 30 September due to weaker property valuations and increased costs, including higher wages. Sales, however, rose to £2.5bn, marking a 9.1% like-for-like growth. The group noted a 7.2% rise in like-for-like sales at the start…

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Knoops to double in size following £8.3m fundraising

Knoops, the chocolate cafe, has announced plans to more than double in size in 2024 following a £8.3m fundraising which leaves the business debt-free and positioned for higher profits next year.  The fundraising, led by a £5.5m investment from the London-based retail and property group Morleys Stores Limited, allows Knoops…

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