Financial Times FT.com

Innocent ready to test new recipe for growth

By Jenny Wiggins

Published: October 26 2008 17:34 | Last updated: October 26 2008 17:34

Just over three years ago, when Innocent was taking London by storm with its smoothies, Richard Reed – a man who left a career in advertising to make drinks out of fruit – was knocking back takeover approaches from people who wanted a share in one of Britain’s hippest small businesses.

Today, as Innocent’s smoothies turn out to be one of the so-called “discretionary items” that people are cutting back on to save money, they are ready for a little financial help.

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