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Duppy Share rum brand secures £2 million investment

London-based Caribbean rum brand Duppy Share has announced its secured new investment worth of £2 million.

Among the new set of investors include British billionaire investor Jim Mellon, Irish horse racing family Magnier and UK energy entrepreneur Stephen Fitzpatrick. Other backers of the company include music producer Fraser T Smith and former Arsenal footballer Ian Wright.

The new shareholders join the existing team which includes Duppy Share White Rum co-founder, musical pioneer and actor, Kano.

Duppy Share Rum founder George Frost said on the money raised: "Growth - UK volume and export sales. Most importantly though to get rum in to as many people's hands as possible. That's always been the aim." And on export? "We're looking to smash our sales targets for this year and then start our fundraise to conquer US in April."

This year, the brand is set to sell over 500,000 bottles, becoming one of the top selling premium rums in the UK. The company is continuing its growth, said to have had a sustained rate of growth at a CAGR of 87% over three years with revenue of £6.25 million. 

The rum is now available in a variety of countries across the world, from Australia to European nations such as France, Italy and Germany.

More information on the brand can be found here.

6 December 2022 - Bradley Weir