Mark Kleinman: Inside Gousto’s shareholder spat and the exec not afraid to ruffle feathers on London’s corporate exodus MARK KLEINMAN Sky News’ Mark Kleinman is the man the City reads – and in his fortnightly column for City A.M., he shares his insight and analysis. Gousto cash call leaves a sour taste in the mouth A dominant CEO, a board willing to ignore the interests of small shareholders and a spiralling share price: mix the [...]
Gousto eyes return to profit after slashing jobs in the wake of post-pandemic losses Retail Gousto, the recipe box delivery service, has said it is on track to return to profit this year, following a year of losses fuelled by soaring inflation and economic headwinds. But losses for the business, whose backers include wellness guru Joe Wicks, widened to £157.6m in 2022, against £19.9m a year earlier, blamed on spiralling [...]
Gousto forced to slash jobs after food delivery service’s ambitious hiring plans fall flat Delivery firm job losses Meal kit delivery service Gousto, is understood to have cut its workforce by some 14 per cent as the group’s ambitious hiring plans have taken a hit. According to reports in Sky News, the convenience service made all redundancies at the end of last year and fewer than 100 employees were let go. Earlier this [...]
Tasty year for Gousto as revenues surge to £315m April 27, 2022 Recipe box firm Gousto hailed 2021 an “outstanding” year for the firm as revenue surged 67 per cent to hit a record £315m.
Online meal maker Gousto raises $150m fresh funding January 7, 2022 Online meal company Gousto has raised a fresh funding led by the Japanese technology investment giant SoftBank.
Gousto to double its London tech workforce with 250 new hires September 14, 2021 Gousto has announced a hiring spree to fill 250 tech roles as the meal kit company plans to double its London tech team. The company said its recruitment drive will mean its tech team will be 500-strong by the end of 2022. Gousto recorded its first full year of profitability, since launching, earlier this year [...]
Recipe box firm Gousto to double workforce after first year of profitability April 26, 2021 Recipe box firm Gousto announced this morning that it plans to double its workforce as it revealed it had delivered a year of profitability for the first time ever as the pandemic more than doubled sales. Gousto announced this morning that it achieved record sales of £189m last year as it won market share from [...]
Gousto taps City bigwig Garrett-Cox as chair ahead of stock market float May 7, 2021 Recipe box firm Gousto has tapped one of Britain’s most prominent businesswomen as its next chair as it gears up for a potential stock market float. The meal kit company, which was founded in 2012, has agreed the appointment of Katherine Garrett-Cox to lead the company through a listing. The appointment is expected to be [...]
Gousto becomes latest UK tech ‘unicorn’ after lockdown surge November 2, 2020 Recipe box firm Gousto has become the UK’s latest tech “unicorn” after raising £25m in a new funding round. The new investment, which came from existing partners Perwyn and BGF, means that the company is now achieved a valuation of over $1bn. It is the fourth tech firm to gain the mantle this year. Gousto, [...]
It is the death of sustainability as merciless cost of living mayhem pushes UK firms into survival mode September 1, 2022 With the cost of living crisis predicted to continue for the foreseeable, nearly 8 in ten Brits are now worried about how the ongoing mayhem is going to negatively impact the environment. In fact, a third of all British business owners have dropped sustainability as a priority with just less than one in five still [...]