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September 20, 2019updated 23 Sep 2019 12:26pm

Grazing closes Purple Grape Catering acquisition in UK

Workplace and venue food company Grazing has closed a deal to buy UK-based Purple Grape Catering for an undisclosed amount.

Workplace and venue food company Grazing has closed a deal to buy UK-based Purple Grape Catering for an undisclosed amount.

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The company has made this move in an effort to expand its catering services portfolio offered to businesses across London.

The deal will allow the company to provide a complete catering solution to its customers such as in-house workplace catering, hospitality and event.

Under the terms of the agreement, Grazing has taken control of all Purple Grape operations. It will operate the business under the same brand.

Grazing CEO Sam Hurst said: “Having seen strong growth in our B&I business over the past 12 months, we wanted to complete the circle by being able to bring the highest quality events to our corporate client base and found the perfect opportunity to strengthen our events department at pace through this acquisition.

“Emily has built up an incredible business over the past 10 years and her creativity, passion for food, eye for detail and energy are an absolutely perfect fit with Grazing.  I couldn’t be more excited about bringing Purple Grape into the Grazing family.”

Headquartered in London, Purple Grape offers various event and corporate catering services to the fashion and retail industries.

Among the customers currently served by the company include Village Underground, Noho Studios and Greenwich Yacht Club.

Following the acquisition, Purple Grape founder and managing director Emily Gillan will continue in her role with the business.

Gillan will be responsible for offering client relations counsel and support to the overall events business of Grazing.

Gillan added: “Ever since we set up Purple Grape, we wanted to create a business which was fun and fresh, and provided exceptional food.

“In Grazing, we found a company and team which is incredibly passionate and experienced, which is why it felt like the right fit to take the business forward.”

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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

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