Updated / Friday, 5 Mar 2021
08:16
BiaVest CEO Hilliard Lombard, Nobó s Rachel Nolan and Brian Nolan and BiaVest s David McKernan
Health food brand Nobó has partnered with food-focused investment firm BiaVest to accelerate its growth into new products and new international markets.
Nobó was created by wife and husband team Rachel and Brian Nolan in 2012.
Its award winning dairy free ice-cream - made from four natural ingredients including coconut milk and avocado - was the first of its kind in the world.
The Nolans have also launched their own healthier take on milk chocolate, made with no refined sugar or dairy. Nobó s vegan chocolate is now being sold across Ireland and Canada and is due to launch in mainland Europe this summer.
Straw bales in the landscape.
The company behind Cuisine de France has failed to restore investor confidence following a loss of contracts in the US and the acquisition of a 49% stake in French frozen food company Picard.
Owen Killian, who has been one of the highest-paid executives in Ireland, received a basic salary of €1.27m in 2016. Despite seeing his total compensation increase 60% last year to reach €2.3m, his performance-related bonus of €877,000 has been withheld, according to the company. It says that it will be paid once there is a resumption of growth in earnings.
The remuneration package comprises basic salary and benefits, pension contributions, performance-related bonus and long-term incentives.