Luscious, Europe’s first chain of organic convenience stores and first chain of low fat cafes – has begun its next round of growth with a low price lot offering for its shares. The company proposes to offer 'green friendly' investors a $15000 USD entry price on the share lots.
The UK based limited company includes 13 shops and cafes which have taken a niche position in the rapidly expanding UK health and organic markets. The group hopes to raise $USD 5 million for global expansion.
Established in 1998, Luscious Ltd opened with one store. Turnover this year is expected to reach £1.5 million including 2 new organic stores and 5 low fat cafes which have only been trading for a few months.
The company has ambitious plans over the next 3 years including expansion to 40 units.