Get the latest hospitality news and inspiration straight to your inbox. Subscribe to our newsletter.

Fever-Tree boss toasts £29m payout after selling shares

Written by:
Written by:
Fever-Tree boss toasts £29m payout after selling shares

Tim Warrillow, co-founder of drinks brand Fever-Tree has cashed in £29m of shares in the company as values reached a record high.

Warrillow, who co-founded the group with Charles Rolls in 2004, sold on 1.5m shares at £19.25 each, following a 77% surge in half-year revenues.

The sale reduces Warrillow’s stake to 5.4% in the business, having previously sold a 3.9% stake in the company, netting £73m back in May.

Fever-Tree makes tonic water, soda water, Madagascan cola, ginger beer and Sicilian lemonade.

In the interim results, Fever-Tree said it was upgrading its forecasts after a 77% spike in revenues to £71.9m, compared to £40.6m in the first half of 2016.

New product: Bottelgreen Tonic Waters >>

The perfect gin and tonic – Cocktail of the Month >>

New Searcys restaurant Tonic & Remedy to open in London >>

Videos from The Caterer archives

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

Start the discussion

Sign in to comment or register new account

Start the working day with

The Caterer’s free breakfast briefing email

Sign up now for:

  • The latest exclusives from across the industry
  • Innovations, new openings, business news and practical advice
  • The latest product innovations and supplier offers
Sign up for free