Coffee business Grind has strengthened its retail reach with a new partnership with Tesco.
The coffee shop, bar and casual dining group will now stock its packaged wholebean and ground coffee, pods and ready-to-drink (RTD) cans at the supermarket giant, as part of the Tesco Accelerator programme, which aims to help innovative’ UK brands reach new audiences via retail.
Grind CEO and founder, David Abrahamovitch, said, “This partnership with Tesco marks a really exciting step in Grind’s journey. To have the support of such a massive retailer in the UK is huge for us and we can’t wait to see our range in store and get our specialty coffee into more hands and more homes.”
The business currently operates thirteen cafes, coffee shops and trucks in London from its trading subsidiary Grind & Co.
In March 2023, Grind acquired Bottleshot Brew Ltd, a canned coffee brand, and since launched into Waitrose, its first step into major grocers. In it latest financial results, Abrahamovitch siad it would look to ”continue growth in this side of the business over the next 12-24 months.”
Grind achieved record annual sales of £21.7m in 2023, (+28% vs FY22), split roughly 50/50 between the high street and sales of its coffee pods and other coffee products via online and through wholesale partners.
Specifically, the high street grew 25%, with revenues of £10.4m in FY23.The business raised £7m in February 2023 and completed a further £5.5m round after the year end, and therefore feels “well capitalised and in a strong position to continue to grow in the coming years.”
