Uk Dairy-free Brand Mighty Drinks Secures Sale To The Mighty Kitchen

Mighty caramel waffle flavoured oat milk. Credit: Mighty/LinkedIn

The early of Mighty Drinks has been secured by administrators pinch nan dairy-free beverage alternatives marque sold to The Mighty Kitchen.

According to betterment specialists Interpath, nan replacement plant-based macromolecule business is buying Mighty Drinks for an undisclosed sum.

Last month, James Clark and Howard Smith from Interpath were appointed associated administrators to Watkins Drinks Limited, trading arsenic Mighty Drinks.

Interpath said nan associated administrators secured nan waste of nan Mighty Drinks IP – arsenic good arsenic immoderate banal – to The Mighty Kitchen, which is an unrelated business.

Just Drinks has contacted Mighty Drinks for comment.

After facing “trading headwinds” knowledgeable by galore companies crossed nan plant-based nutrient sector, including “rising costs and vulnerable user confidence”, Interpath claimed Mighty Drinks had been incapable to execute standard and profitability.

Interpath said The Mighty Drinks brand’s remaining 3 members of unit person been retained by nan administrators for a short play of clip to assistance pinch nan transportation of nan marque to nan acquirer.

The associated administrators are now focused connected trading nan remaining assets and winding up nan administration.

James Clark, managing head astatine Interpath and associated administrator of Watkins Drinks Limited, said: “The transaction provides a level for nan brand’s early and nan opportunity for nan purchaser to utilization nan marque overseas.”

In nan connection provided by Interpath, George Vou, The Mighty Kitchen’s CEO, said: “This is breathtaking for us. We’re proud to beryllium capable to prime up specified a well-crafted marque and to make bully usage of nan activity that nan squad astatine Mighty has already done.”  

Launched successful 2019, Mighty Drinks had a scope of pea macromolecule and oat milks.

According to Companies House filings for Watkins Drinks Limited, which trades arsenic Mighty Drinks, nan group had accumulated up £12.1m ($16m) successful losses successful 2023, a astir £4m ($5.3m) larger nonaccomplishment than successful 2022.