THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Retail Ecom North
Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Knoops reports strong full year results as it launches fundraise for expansion

Knoops, the chocolate drinks retailer, has announced that its revenue climbed by 110% to £9.3 million, or by 29% on a like-for-like basis, in the year… View Article

FOOD AND DRINK NEWS UK

Knoops reports strong full year results as it launches fundraise for expansion

Knoops, the chocolate drinks retailer, has announced that its revenue climbed by 110% to £9.3 million, or by 29% on a like-for-like basis, in the year to March 2024.

The company said retail at home revenue was its fastest growing division with combined retail sales across all channels of £2.06 million to mark 81% like-for-like growth. Store revenue rose by 106%, or by 17% like-for-like, across all categories

Meanwhile, operating EBITDA rose by 264%, or by 131% on like-for-like basis, to £979,264 in the period.

William Gordon-Harris, chief executive of Knoops, said: “As the FY results demonstrate, Knoops is rapidly building a stable, loyal and broad customer base across the UK – both on the high street and in people’s homes.”

Since the period end, Knoops has seen its like-for-like revenue increase by 15% as it opened a further four stores to take the total to 21.

The company is now ring-fencing at least £1 million in a campaign via Crowdcube to allow its customers to join existing investors in a wider £5 million EIS fundraise.

The proceeds will be used to expand Knoops’ retail, wholesale and online business, including the opening of new stores, and to establish an international presence.

Gordon-Harris said: “We will continue this growth by raising funds to open more stores in this country, increase our retail flakes production capacity, and start expanding internationally. Our first store outside the UK opens in Dubai next month, and we have big plans for rest of the world.

“We have listened to our customers and have directed a significant portion of our EIS fundraise via Crowdcube to allow as many people as possible to become Knoops owners.”

Subscribe For Retail News