Annie’s is in fact ok: original owners buy back firm

by | Apr 19, 2023 | News

Annies – a well-known and well-loved local Marlborough brand – has been given a new chance  at life by its original owner Graeme Giles. Kono NZ announced in December 2022 that it would  be closing the business, which manufactures and sells dried fruit snacks, as part of a strategic reset.

After the Kono announcement, Graeme and his family offered to purchase the business back.

Mr Giles, along with his wife Annie, are the original owners of the fruit bar business, and are hugely passionate about continuing their legacy by further developing the brand.

Mr Giles said “With the history of the brand and as the owners of the factory building, we felt we could not walk away. We negotiated a purchase of all equipment, brand and IP and this put Annies back in the original ownership.

The “New Generation” of Annies owners includes daughter Cabie, her husband Dan, and grandchildren Thomas and Freya. They will be the face of the brand with  Annies support in the background. “After six generations, (130 years) on the property, the  passion to retain and grow the brand is foremost. Spreading the load is also  important. We are excited to have Ant Moore  and family (Ant Moore Wine and Marl  Vintners) join us in the venture as partners. ” said Giles.

Kono NZ COO Andy Wotton said everyone was delighted to see the Annies brand continue and  wish the Giles family every success.

“This is a wonderful outcome. The Giles family is the landlord of the Annies factory so this will be  a smooth transition for them. They’ll be able to make continued use of the equipment and  machinery; customers will be delighted that Annies products will still be available. We understand  some of the original staff may even return to the Annies factory to lend a hand as Graeme gets  started. It’s a good news story all round.”

Mr Giles assumed ownership of Annies on 11 April 2023.

About the Author

Editor

Related Posts

Gaseous fermentation and ancient microbes: you want fries with that?

Gaseous fermentation and ancient microbes: you want fries with that?

New Zealand based alt protein start-up Jooules has powered up the next steps to commercialise its novel gaseous fermentation technology with a $1 million capital raise by Sprout Agritech LP. Jooules’ Founder David McLellan, says the company is motivated by a vision to...

Vegan chocolate award winners

Vegan chocolate award winners

The Vegan Society Aotearoa announce their third annual Chocolate Awards which were held on 29thApril at Khu Khu restaurant in Ponsonby. Six judges attended the awards, each one offering a unique perspective on the award categories and from their own areas of...