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September 4, 2017

UK children’s food maker Little Dish sells stake to Profile Capital

UK children's food maker Little Dish has sold a stake to US fund Profile Capital Management to boost growth and fund its entry into the American market.

By Simon Harvey

UK children’s food maker Little Dish has sold a stake to US fund Profile Capital Management to boost growth and fund its entry into the American market.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
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London-based Little Dish, which launched its range of healthy, nutritious meals for toddlers in 2006, said CEO Dean Brown and founder Hillary Graves would “retain significant ownership” in the company. Little Dish declined to provide details on the size of the stake sold but said the deal was valued at GBP17m (US$22m).

Graves said of the deal: “Our partnership with Profile gives us significant resources to deliver on that mission. 2018 will be a transformational year as we launch our first above the line marketing campaign and bring Little Dish to the US market. These strategic initiatives are exciting milestones for the company.”

The company said in May it was seeking to break into the US market.

Benjamin Chereskin of Profile Capital added: “Little Dish is the category leader with a superior product range in the toddler food market. With the right financial backing and strategic relationships, we see substantial potential for further expansion of this brand both in the UK and US.” 

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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