Independent British drinks producer and distributor Global Brands saw its turnover surge 19.5% to over £50m in the year ending 30 September 2018, following good growth of its brands such as VK and Franklin & Sons.
The group’s gross profit rose from £11.8m to £14m with its selling around 60 million drinks in 58 countries where its brands are now available.
The company saw the value of exports grow by 21% year-on-year, with “strong demand” for its drinks in Belgium, Italy and South Africa. In 2018, Global Brands secured a listing for its Franklin & Sons range in South Africa’s largest retailer, Pick N Pay, which is selling the company’s premium tonics, mixers and soft drinks in over 1,100 stores.
Founder and chairman of Global Brands, Steve Perez, commented: “The drinks industry is so strangled by needless bureaucracy, it limits original ideas. Our company growth is being driven by an innovative and entrepreneurial team that’s encouraged to do things differently. They’re constantly looking at how they can create new drinks that justify a place on supermarket shelves and in the fridges of bars, late-night venues and restaurants around the world.
“The team’s innovative thinking is rooted in what consumers want and working with our customers to quickly meet demand. It led to the creation of premium canned cocktail All Shook Up and one that’s now a top seller in one of the UK’s largest supermarkets.
“Drinkstagramming and other social media trends mean drinks now need to look as good as they taste. This drives sales. Premium quality tasting drinks, packaged in sleek and stylish cans meant that we exceeded original sales targets for All Shook Up, selling more than 2m cans in just ten months following launch.”
The success of All Shook Up saw Global Brands add a third canned cocktail – fruity flavoured Flamingo Colada – to the original line-up of two flavours; Passionfruit Martini and Espresso Martini.
The company also expanded its range of premium tonics, mixers and soft drinks, Franklin & Sons, adding the ‘Flavour Collection’ four new dual-flavoured tonics and three Infused Sodas were added, which saw total sales volumes grow by 101% during the period.
Perez added: “The low and no-alcohol, mindful drinking trend is growing, and consumers want soft drinks that offer depth of flavour and the same experience as an alcoholic serve. The Infused Sodas do this. The three flavours in the range are based on the complexities and finish of a high-end cocktail and they’ve been created to be served over ice, in a tall wine glass and with a fruit garnish. People opting for no-alcohol choices don’t want second-rate drinks.”
He concluded: “The company was founded on innovation and entrepreneurialism with the creation of vodka-based Ready To Drink (RTD) VK. It’s 20 years this year since we sold our first bottle of the RTD and it’s more popular than ever – it’s the best-selling drink of its type in bars and late-night venues across the UK and we sold over 28 million bottles of VK in the on and off trade last year.
“Sticking to our roots is fueling ongoing new product development, range expansion and sales. This is creating new revenue opportunities for our customers and opening-up more markets for Global Brands. We’re currently meeting growing demand from as far afield as Columbia to China and Norway to South Korea, expanding our presence around the world.”
