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A pair who turned over £55million through the pandemic could possibly be about to turn out to be one of many richest households in Britain.
Upmarket outside pizza oven firm Ooni was based slightly below a decade in the past by husband and spouse duo Kristian Tapaninaho and Darina Garland.
Ooni’s enterprise mannequin is easy, it sells pizza ovens and equipment to the general public for upwards of £299.
However the firm has had a stellar 12 months, with households turning to dwelling leisure to get them via Britain’s three lockdowns.
A lot in order that its gross sales have multiplied fivefold in 12 months, from £13million to an eye-watering £55illion throughout Europe and America.
Kristian Tapaninaho and Darina Garland had been working an schooling firm in 2012 after they stumbled upon the thought to assist households create their very own restaurant-quality pizzas at dwelling.
Now, it’s emerged the couple are planning to promote a stake within the enterprise in a deal that might propel them into the ranks of Britain’s wealthiest folks.
Ooni, primarily based in Scotland, is in talks to rent funding banks to advise on the sale of a minority stake within the firm, in line with Sky Information sources.
One Metropolis supply recommended the corporate is aiming for a valuation price lots of of tens of millions of kilos as a part of that gross sales course of.
In line with the broadcaster, personal fairness giants with a monitor file of investing in client items manufacturers are prone to be among the many potential bidders for a stake.
Kristian Tapaninaho and Darina Garland had been working an schooling firm in 2012 after they stumbled upon the thought to assist households create their very own restaurant-quality pizzas at dwelling.
Kristian based the thought. Talking on their web site, the founders clarify: “He [Kristian] was actually stepping into making pizza however he was pissed off— ‘my pizzas are good, however they’re not nice.’
“The pizzas Kristian was in a position to make at dwelling lacked that restaurant-quality style that comes from a really excessive warmth. His home oven merely wasn’t slicing it.”
Kristian went on the hunt for a wood-fired pizza oven to make use of in his yard, however all of the merchandise he discovered had been both too costly or too massive.
After a sequence of sketches, many prototypes and ongoing yard testing, he created the world’s first ever transportable wood-fired pizza oven a decade in the past.
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