Trip (drink)

EQS-News: 029 Group SE: NuWays with increased price target for 029 Group following strong development at key holdings and portfolio addition

Retrieved on: 
Monday, August 28, 2023
SE, Research fellow, Hold, Trip (drink), Equity, Security (finance), Renewable energy

NuWays by Hauck Aufhäuser Lampe has published an updated Equity Research Report in its coverage of 029 Group SE and confirmed its "Hold" recommendation on the shares of the global hospitality and lifestyle investment holding company.

Key Points: 
  • NuWays by Hauck Aufhäuser Lampe has published an updated Equity Research Report in its coverage of 029 Group SE and confirmed its "Hold" recommendation on the shares of the global hospitality and lifestyle investment holding company.
  • The price target was increased slightly to €15.00 per share.
  • The increased price target was particularly justified by the strong development of the portfolio companies Limestone Capital AG and TRIP Drink Ltd. as well as the addition of the latest investment in fjör, a D2C premium skincare brand, to the 029 portfolio.
  • According to Equity Research Analyst Christian Sandherr, the portfolio addition fits very well with 029’s investment thesis of investing in next-generation consumer brands.

EQS-News: 029 Group SE: portfolio company TRIP named fastest growing drinks brand in the UK

Retrieved on: 
Saturday, April 15, 2023
CBD, ISIN, SE, Growth, Health, Trip (drink)

Berlin, 5 April 2023.

Key Points: 
  • Berlin, 5 April 2023.
  • 029 Group SE (ISIN: DE000A2LQ2D0), a global hospitality and lifestyle platform, announces that its portfolio company TRIP Drink Ltd., the UK’s leading CBD brand, has been named fastest growing drinks brand in the UK according to data from NielsenIQ.
  • 029 Group SE CEO Lorin Van Nuland commented: “We see TRIP’s tremendous growth as a validation of our thesis that new generations of consumers are increasingly pivoting towards healthier drinks alternatives to alcohol.
  • We believe that we are only seeing the very inception of this trend, with fantastic further opportunities for growth for TRIP.”

EQS-News: 029 Group SE: portfolio company TRIP reports an 800% increase in UK sales throughout January across large retailers

Retrieved on: 
Monday, February 13, 2023
ISIN, Health, Drink, SE, CBD, TRIP, Growth, Alcohol Change UK, Waitrose, Social media, Trip (drink), Pharmaceutical industry, Ocado Group

Berlin, February 7 2023.

Key Points: 
  • Berlin, February 7 2023.
  • 029 Group SE (ISIN: DE000A2LQ2D0), a global hospitality and lifestyle platform, announces that its portfolio company TRIP Drink Ltd., the UK’s leading CBD brand, reported an 800% increase in sales throughout January across large UK retailers, including Waitrose, Sainsbury’s and Ocado.
  • This comes off the back of tremendous sales growth, with a reported 500% increase in sales year-over-year in H1 2022 compared to the prior year.
  • In January 2023, TRIP reached a total of 30 million impressions on the platforms TikTok and Instagram.

EQS-News: 029 Group SE: portfolio company TRIP now listed nationwide with Waitrose & Partners in the UK and Carrefour in France following strong sales growth

Retrieved on: 
Sunday, November 27, 2022
Partner, Waitrose, Work, Life, ISIN, CBD, Trip (drink), Oil, TRIP, Pharmaceutical industry

029 Group SE (ISIN: DE000A2LQ2D0), a global hospitality and lifestyle platform, announces that its portfolio company TRIP Drink Ltd., the UKs leading CBD brand, is now listed nationwide with Waitrose & Partners in the UK and Carrefour in France, one of the largest global retailers.

Key Points: 
  • 029 Group SE (ISIN: DE000A2LQ2D0), a global hospitality and lifestyle platform, announces that its portfolio company TRIP Drink Ltd., the UKs leading CBD brand, is now listed nationwide with Waitrose & Partners in the UK and Carrefour in France, one of the largest global retailers.
  • This comes off the back of tremendous sales growth, with a reported 500% increase in sales year-over-year in H1 2022 compared to the prior year.
  • Partnering with the best retailers in the UK and France is central to our effective omnichannel growth strategy.
  • 029 Group Se believes that the next generation of consumer brands will be built on connection, experiences, and community.