BGF provides Boost with follow-on funding

The investment will enable Boost to invest in the roll-out of 20 new stores over the next two years, with a particular focus on expanding its Scottish footprint.

BGF will remain a minority investor in the business, with Boost’s co-founders Richard O’Sullivan and Dawn O’Sullivan retain their existing shareholding.

Previous funding
BGF invested £2.5m for a minority stake in Boost in December 2012.

Company
Established in 2007 and headquartered in Cheshire, Boost Juice Bars sells juices and smoothies in shopping malls and on high streets. The business currently has 350 stores across 16 countries and generated around £10m in sales over the past 18 months.

People
Neil Inskip, a senior investment manager at BGF, has a seat on the board at Boost. Richard O’Sullivan is co-founder and chief executive of Boost.

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• Topics
• Expansion
• Consumer
• UK / Ireland
• BGF (Business Growth Fund)
• United Kingdom