Swedish brand Nick’s – which entered the US in late 2019 with a range of light ice creams and generated revenues of $10m in its first full year on the market (2020) – has hired dairy industry veteran Carlos Altschul to head up its US business after raising $30m to fuel its expansion plans.
The latest round of funding – led by Stockholm-based Gullspång Invest (early investors in Oatly) and Capagro, a VC fund dedicated to food-tech – will help Altschul, formerly CEO at skyr brand siggi’s, to build his team and expand distribution.
While Nick’s plays in multiple categories of the store