Derwent Valley Foods (A)
Subject
Organisational Behaviour, Entrepreneurship
Publication Year
1995
Abstract
In early 1992, the founders of Derwent Valley Foods met to consider the future of the company. Founded by four entrepreneurs in 1982 to exploit a perceived opportunity for premium adult snacks, the company marketed under the name of "Phileas Fogg - Fine foods from around the World." Phileas Fogg snacks became essential to any 'yuppie' party in eighties London, with sales reaching £18 million in the year to March 1991. Now estimated to be worth about £16 million, the company had long been suggested as an ideal candidate for stock market flotation, and there had also been regular overtures from interested trade buyers. While there was no immediate need to float or sell, recent events had brought the issue to the forefront.
Topic List
Entreprenuership, Exit
Industry
Snack Foods
Publication Event Date
1981-1992
LBS Case Number
CS-94-019-03
Location
UK
Project Funder
ESRC
Publication Research Centre
Institute of Finance and Accounting, Entrepreneurship
Supervisor
JOHNSON, R M
Available on ECCH
No
