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S-Ventures PLC is pleased to announce that it has acquired a 75.1% interest in We Love Purely through the issue of 1,529,267 ordinary shares in S-Ventures.
Purely (www.welovepurely.com) is a healthier living snacking brand, championing a premium tier plantain range with rich Ecuadorian heritage across a number of key food & drinks channels in the UK PLUS a growing number of aspirational international markets.
Purely has made significant in-roads into prestigious clients: including Harrods, Selfridges, Harvey Nichols, Ocado, Holland and Barrett, Spinneys in Dubai, and The Craft Gin Club.
Under the umbrella of S-Ventures, Purely will look to develop the brand’s product range in tandem with growing existing product lines. The existing Purely team will remain in place and the company welcomes Stefania Pellegrino and Mark O’Sullivan to the group. Pellegrino will remain MD of Purely. Pellegrino brings passion and relentless energy to the brand and S-Ventures sai
22 January 2021 | 13:11pm
StockMarketWire.com - S-Ventures has acquired We Love Purely, a healthy snack brand, for £167,000.
The company has acquired the 75.1% majority stake with a price of £137,000 of 9p per share along with a cash payment of £30,000.
The £30,000 sum has been made to repay an outstanding loan for We Love Purely.
Under the S-Venture umbrella We love Purely, a healthy snacking brand, will develop its product range. It s existing management team will remain.
Story provided by StockMarketWire.com
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