SAPLING souls seek investors to finance the entry of the United States

Sapling Spirits in the United Kingdom is looking to raise more money to support potential entry to the United States.

The work, which promotes the “positive climate” adoption data, hopes to attract 5-7 million pounds (6.8-9.5 million dollars) of investors. So far, the company gathered in 2018 with the presence of in the United Kingdom and continental Europe, about 4 million pounds.

Ivo Defereux said that his co -founder Ed Fulkner has obtained potential production partners, as well as a potential glass factory and wheat suppliers.

“We have a brief list that includes about six distillation devices. We are planning to go out next month or the month to meet them. We have found a glass and suppliers who can produce organic wheat. We took about seven months to reach that stage and hope in the next two months to be able to quickly Just drink.

The company, which has held early discussions with the American distribution giant Southern Glazer, has not yet ended those who state that it will target, although Florida and New York are being considered.

“We believe that the demographic (in Florida) will be very well suitable with Sapling in terms of our liquid and our sustainability adoption data,” Devereux. “New York because it is a country you must win. If you don’t do it, you look at it as a brand that did not really make the states work.”

Outside the United Kingdom, Sapling Spirits has allocated the United States, the Netherlands and Italy as its three markets abroad. The London -based company, which is already selling in Italy, entered the Netherlands in April.

“From a strategic perspective – and I believe that a cultural perspective is also – if we can prove that the brand is working in the southern Europe market, the northern Europe market and the United States, and we invest in it properly, you can think sideways, if we succeed in making it work in reality,”

“We believe that he created the brand value, focus on those markets, employ great people in the market and properly build the brand than sending platforms to 20 distributors in 20 different countries, hoping that they can convert them in one way or another.”

Sapling Spirits aims to sales of 24,000 nine liters this year, which Deveeux said is about 4.5 million pounds.

In the United Kingdom, the company focused for the first time on “specialized” retail dealers and “high -end” accounts on trade. Two years ago, Sapling Spirits fired vodka on the grocery online OCADO, which is now considered to beitrose as another retail for sale. Last year, the company obtained a contract with Pub Group Young’s.