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Fever-Tree
Fevertree Drinks plc, known as Fever-Tree, is a British producer of premium drink mixers, founded by Charles Rolls and Tim Warrillow in 2004.
Fever-Tree was founded by gin industry expert Charles Rolls and advertising executive Tim Warrillow in 2004. The duo shared a desire to create the perfect all-natural tonic water mixer, producing a premium option to standard mixers available on the market without high quantities of preservatives and artificial sweeteners. Following an excursion to the Democratic Republic of the Congo, and several months of development and experimentation with different botanicals, the first product; Fever-Tree Indian Tonic Water was launched in 2005, with their products listed in Selfridges and Waitrose stores.
In 2006, the company received investment from London & Lochside, a venture capitalist.
In 2007 Fever-Tree launched in the United States and Spain, and in 2008 had listed products with the Sainsbury's and Tesco U.K. supermarkets.
By 2011 Fever-Tree became recognised as one of the fastest growing UK drinks companies by being included in the Sunday Times Fast Track 100 list. Their distribution range had expanded to 25 countries in the same year. This led to growth in foreign sales, with an increase of 94% annually between 2008 and 2010, from £1.1 million to £4.4 million.
In March 2013, the founders sold 25% of the company to Lloyds Development Capital, and London & Lochside exited its holding with the business. In November 2014, the company floated on the London Stock Exchange under the ticker symbol LSE:FEVR; the IPO valued Fever-Tree at £154.4m. As of 2019, its market value had increased elevenfold since its 2014 listing.
Since its initial offering, the company has expanded its product line to include a wider range of mixers including ginger ale, ginger beer, lemonade and flavoured tonic and soda water.
In January 2022, the company launched its product range in South Korea. In September, as part of its expansion in the US, Fever-Tree announced its acquisition of Powell & Mahoney mixers for $5.9 million. Within the same year, Rolls retired from his position as non-executive deputy chairman of Fever-Tree.
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Fever-Tree
Fevertree Drinks plc, known as Fever-Tree, is a British producer of premium drink mixers, founded by Charles Rolls and Tim Warrillow in 2004.
Fever-Tree was founded by gin industry expert Charles Rolls and advertising executive Tim Warrillow in 2004. The duo shared a desire to create the perfect all-natural tonic water mixer, producing a premium option to standard mixers available on the market without high quantities of preservatives and artificial sweeteners. Following an excursion to the Democratic Republic of the Congo, and several months of development and experimentation with different botanicals, the first product; Fever-Tree Indian Tonic Water was launched in 2005, with their products listed in Selfridges and Waitrose stores.
In 2006, the company received investment from London & Lochside, a venture capitalist.
In 2007 Fever-Tree launched in the United States and Spain, and in 2008 had listed products with the Sainsbury's and Tesco U.K. supermarkets.
By 2011 Fever-Tree became recognised as one of the fastest growing UK drinks companies by being included in the Sunday Times Fast Track 100 list. Their distribution range had expanded to 25 countries in the same year. This led to growth in foreign sales, with an increase of 94% annually between 2008 and 2010, from £1.1 million to £4.4 million.
In March 2013, the founders sold 25% of the company to Lloyds Development Capital, and London & Lochside exited its holding with the business. In November 2014, the company floated on the London Stock Exchange under the ticker symbol LSE:FEVR; the IPO valued Fever-Tree at £154.4m. As of 2019, its market value had increased elevenfold since its 2014 listing.
Since its initial offering, the company has expanded its product line to include a wider range of mixers including ginger ale, ginger beer, lemonade and flavoured tonic and soda water.
In January 2022, the company launched its product range in South Korea. In September, as part of its expansion in the US, Fever-Tree announced its acquisition of Powell & Mahoney mixers for $5.9 million. Within the same year, Rolls retired from his position as non-executive deputy chairman of Fever-Tree.