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

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

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.

This accolade comes off the back of TRIP’s tremendous sales growth which increased by 522% year-over-year over the past 12 months until 12 February 2023, cementing TRIP’s leading market position in the CBD drinks market.

Founder Olivia Ferdi described the year’s achievements as “a special milestone for us, showing how far Trip have come in our mission to destigmatise conversations about mental wellbeing and rework misconceptions about CBD, helping millions prioritise their health."

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.”


About 029 Group SE
029 Group Se believes that the next generation of consumer brands will be built on connection, experiences, and community. In a post-pandemic world, new patterns of work, life and leisure are emerging and accelerating. These trends create opportunities in hospitality and lifestyle for innovation-driven entrepreneurship with a strong community focus. 029 Group backs the most audacious entrepreneurs with a hands-on investment approach, focusing on areas where they can add significant value through their platform, global network and company building expertise. 029 Group is based in Berlin, Germany.

Furter information: https://www.029-group.com/


029 Group SE
Neue Schönhauserstr. 3-5
10719 Berlin
Email: ir@029-group.com
https://www.029-group.com/

Contact Press Relations:
Kirchhoff Consult AG
E-mail: 029@kirchhoff.de