Food and Beverage Business
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Applied Nutrition, a sports nutrition company based in the UK, is considering a £1bn flotation.

Applied Nutrition, a sports nutrition company based in the UK, is considering a £1bn flotation. Shelf-stable Food and Beverage Business

A report in the UK media has linked local sports nutrition business Applied Nutrition with a “£1bn ($1.25bn) London float”. The Port of Liverpool-based company has been interviewing investment bankers in recent weeks about a listing that could take place in the autumn.

Applied Nutrition has a portfolio of products including nutrition supplements, energy and hydration drinks, and protein cookies. The company markets the products under brands including BodyFuel and ABE – All Black Everything. It is backed by a local retail heavyweight JD Sports.

Founded in 2014, Applied Nutrition has seen rapid growth in sales and profits in recent years, aided by the establishment of a US operation, and has set a £100m sales target for the current financial year. Its products are sold online and also via retailers including US supermarket giant Walmart.

The company is the official nutrition partner of a range of English Football League clubs, including Bolton Wanderers, as well as the Scottish Premiership side Glasgow Rangers. JD Sports owns just under a third of Applied Nutrition – having bought the stake in 2021 – while the company’s founder, Thomas Ryder, holds a majority share.

However, the broadcaster quoted one person “close to the situation” cautioning that no firm decision had been taken to press ahead with an initial public offering (IPO). Applied Nutrition and JD Sports Fashion both declined to comment when contacted by Sky News. Just Food has also asked Applied Nutrition for its response to the story. If a flotation should happen at the size predicted, it would rank among the largest in the UK this year.

According to the report by Sky News, “no firm decision had been taken to press ahead with an initial public offering (IPO),” cautioning the situation. If a flotation should happen at the size predicted, it would rank among the largest in the UK this year.

In terms of the company’s future potential, this potential flotation would significantly raise Applied Nutrition’s profile. This would allow the company to expand on its growth momentum and continue to compete in the food and beverage industry.

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