Fever-Tree
{{short description|British maker of drink mixers}}
{{About|the drinks company|other uses of "fever tree"|Fever tree (disambiguation)}}
{{use British English|date=July 2020}}
{{use dmy dates|date=July 2020}}
{{Infobox company
| name = Fevertree Drinks plc
| logo = Fever-Tree logo.svg
| caption =
| trading_name = Fever-Tree
| type = Public
| traded_as = {{lse|fevr}}
| ISIN = {{ISIN|sl=n|pl=y|GB00BRJ9BJ26}}
| industry = Drinks manufacturing
| foundation =
| founder = {{unbulleted list|Charles Rolls|Tim Warrillow}}
| hq_location = Hammersmith, London, England, United Kingdom
| locations =
| area_served = 74 countries worldwide
| key_people = {{ubl|Bill Ronald
(Chairman)|Tim Warrillow
(Chief executive officer){{cite news |last1=Emler |first1=Ron |title=Fever-Tree paints a 'fast-improving picture' of profits |url=https://www.thedrinksbusiness.com/2023/03/fever-tree-paints-a-fast-improving-picture-of-profits/ |access-date=26 October 2023 |publisher=the drinks business |date=27 March 2023}}|Andrew Branchflower
(Chief financial officer)}}
| products =
| production =
| services =
| revenue = {{increase}}£260.5 million (2019)
| operating_income = {{decrease}}£72.2 million (2019)
| net_income = {{decrease}}£58.8 million (2019)
| assets =
| equity =
| owner = Charles Rolls (7.06%)
Tim Warrillow (4.7%)
| num_employees = {{increase}}176 (2019)
| parent =
| divisions =
| subsid =
| website = {{Official URL|https://www.fever-tree.com}}
| footnotes = {{cite web|url=https://beta.companieshouse.gov.uk/company/08415302 |title=Companies House Company Profile| access-date=11 July 2020}}{{cite web|url=https://fevertree.s3.eu-west-2.amazonaws.com/reports/1ce8c343c695965ea5c5c316e2083eb8.pdf |title=Fever-tree Annual Report 2019| access-date=11 July 2020}}{{cite web |title=Contact Us |url=https://fever-tree.com/en_GB/contact |website=Fever-Tree |access-date=22 April 2020}}
| bodystyle =
}}
Fevertree Drinks plc, known as Fever-Tree, is a British producer of premium drink mixers, founded by Charles Rolls and Tim Warrillow in 2004.{{cite web | url = http://www.thedrinksbusiness.com/2013/03/fever-tree-tonic-sells-stake-for-48m/ | title = Fever-Tree tonic sells stake for £12m | access-date = 2013-04-10 | last = Shaw | first = Lucy | date = 2013-03-13 | publisher = The Drinks Business}}
History
Fever-Tree was founded by gin industry expert Charles Rolls and advertising executive Tim Warrillow in 2004.{{Cite web |title=The Story of Fever-Tree Tonic Water - Great British Chefs |url=https://www.greatbritishchefs.com/features/fever-tree-tonic-water |access-date=2023-10-25 |website=www.greatbritishchefs.com |language=en}}{{Cite web |last=Atkinson |first=James |date=2020-10-21 |title=How Fever-Tree revolutionised mixers, with founder Tim Warrillow: S7E2 |url=http://drinksadventures.com.au/2020/10/22/fever-tree-co-founder-tim-warrillow-podcast/ |access-date=2023-10-25 |website=Drinks Adventures Podcast |language=en-US}}{{Cite web |date=2015-05-25 |title=Flying off the scale: Fever-Tree's Tim Warrillow talks malaria, crane strikes and private equity |url=https://www.cityam.com/flying-scale/ |access-date=2023-10-26 |website=CityAM |language=en-GB}} The duo shared a desire to create the perfect all-natural tonic water mixer,{{Cite web |title=Brand Audit: Fever-Tree |url=https://www.amati-associates.com/digital-products/brand-positioning/fever-tree/ |access-date=2023-10-25 |website=Amati and Associates |language=en-US}} producing a premium option to standard mixers available on the market without high quantities of preservatives and artificial sweeteners.{{Cite web |last=Lindenberger |first=Hudson |title=Fever-Tree And {{as written|It's [sic]}} Co-Founder Tim Warrilow Are Still Challenging Industry Norms |url=https://www.forbes.com/sites/hudsonlindenberger/2023/02/06/fever-tree-and-its-co-founder-tim-warrilow-are-still-challenging-industry-norms/ |access-date=2023-10-25 |website=Forbes |language=en}}{{Cite web |title=In the mix: How Fever Tree revived the mixer drink market - Food & Drink Business |url=https://www.foodanddrinkbusiness.com.au/news/in-the-mix-how-fever-tree-revived-the-mixer-drink-market |access-date=2023-10-26 |website=www.foodanddrinkbusiness.com.au |language=en}} Following an excursion to the Democratic Republic of the Congo, and several months of development and experimentation with different botanicals, the first product; Fever-Tree Indian Tonic Water was launched in 2005,{{Cite web |last=Young |first=Andy |date=2023-06-20 |title=Understanding the history of Fever-Tree with Co-Founder Tim Warrilow |url=https://www.barsclubs.com.au/news/understanding-the-history-of-fever-tree-with-co-founder-tim-warrilow/ |access-date=2023-10-25 |website=Bars and Clubs |language=en-AU}} with their products listed in Selfridges and Waitrose stores.{{Cite web |title=Fever Tree {{!}} Our History |url=https://fever-tree.com/index.php/en_US/our-history |access-date=2023-10-26 |website=fever-tree.com}}
In 2006, the company received investment from London & Lochside, a venture capitalist.
In 2007 Fever-Tree launched in the United States and Spain, and in 2008 had listed products with the Sainsbury's and Tesco U.K. supermarkets.
By 2011 Fever-Tree became recognised as one of the fastest growing UK drinks companies by being included in the Sunday Times Fast Track 100 list. Their distribution range had expanded to 25 countries in the same year. This led to growth in foreign sales, with an increase of 94% annually between 2008 and 2010, from £1.1 million to £4.4 million.{{cite journal |date=8 May 2011 |title=The Sunday Times International Track 100 |url=http://fever-tree.com/PDF/US/2011IntTrack100%5B1%5D.pdf |url-status=dead |journal=The Sunday Times |pages=2–3 |access-date=10 April 2013 |archive-url=https://web.archive.org/web/20120610183258/http://www.fever-tree.com/PDF/US/2011IntTrack100%5B1%5D.pdf |archive-date=10 June 2012}}
In March 2013, the founders sold 25% of the company to Lloyds Development Capital, and London & Lochside exited its holding with the business. In November 2014, the company floated on the London Stock Exchange{{Cite web |date=2017-12-01 |title=Eight West Midlands companies among UK's fastest-growing {{!}} TheBusinessDesk.com |url=https://www.thebusinessdesk.com/westmidlands/news/2012583-eight-west-midlands-companies-among-uks-fastest-growing |access-date=2023-10-26 |website=West Midlands |language=en}} under the ticker symbol LSE:FEVR; the IPO valued Fever-Tree at £154.4m.{{Cite news |last=Fletcher |first=Nick |date=2017-07-26 |title=Fever-Tree co-founder toasts £29m payout as shares hit record high |language=en-GB |work=The Guardian |url=https://www.theguardian.com/business/2017/jul/26/fever-tree-co-founder-shares-tim-warrillow-tonic-water |access-date=2023-10-26 |issn=0261-3077}} As of 2019, its market value had increased elevenfold since its 2014 listing.{{Cite news |date=2020-01-20 |title=Fevertree loses its sparkle as Britons' taste for premium tonic sours |language=en |work=Reuters |url=https://www.reuters.com/article/uk-fevertree-drinks-outlook-idUKKBN1ZJ0LV |access-date=2023-10-26}}
Since its initial offering, the company has expanded its product line to include a wider range of mixers including ginger ale, ginger beer, lemonade and flavoured tonic and soda water.{{Cite web |last=Fields |first=Jessica |date=2022-01-14 |title=8 Things You Should Know About Fever-Tree |url=https://vinepair.com/articles/ntk-fever-tree-guide/ |access-date=2023-10-25 |website=VinePair |language=en-US}}
In January 2022, the company launched its product range in South Korea.{{Cite web |title=Fever-Tree launches in South Korea for the first time - Drinks International - The global choice for drinks buyers |url=https://drinksint.com/news/fullstory.php/aid/9904/Fever-Tree_launches_in_South_Korea_for_the_first_time.html |access-date=2023-10-26 |website=drinksint.com}}{{Cite web |last=Liang |first=Alice |date=2022-01-27 |title=Fever-Tree expands into South Korea |url=https://www.thedrinksbusiness.com/?p=520894 |access-date=2023-10-26 |website=The Drinks Business |language=en-GB}} In September, as part of its expansion in the US, Fever-Tree announced its acquisition of Powell & Mahoney mixers for $5.9 million.{{Cite web |last=Brooker |first=Alice |date=2022-09-15 |title=Fever-Tree buys Powell & Mahoney mixers |url=https://www.thespiritsbusiness.com/2022/09/fever-tree-buys-powell-mahoney-mixers/ |access-date=2023-10-26 |website=The Spirits Business |language=en-US}}{{Cite web |date=2022-09-14 |title=Fever-Tree Quietly Acquires Powell & Mahoney Cocktail Mixers |url=https://www.bevnet.com/news/2022/fever-tree-quietly-acquires-powell-mahoney-cocktail-mixers |access-date=2023-10-26 |website=BevNET.com |language=en-US}} Within the same year, Rolls retired from his position as non-executive deputy chairman of Fever-Tree.{{Cite web |date=2022-05-22 |title=The Drinks Industry Rich List 2022 |url=https://insidethecask.com/2022/05/22/the-drinks-industry-rich-list-2022/ |access-date=2023-10-26 |website=Inside the Cask |language=en-GB}}
In July 2024, Fever-Tree was reported to have sponsored the Republican Party Convention in Wisconsin.{{cite web |last1=Pandey |first1=Maia |title=Which companies are RNC Host Committee sponsors? |url=https://eu.jsonline.com/story/news/politics/elections/2024/07/17/rnc-host-committee-sponsors-explained-include-starbucks-heritage/74441055007/ |website=Milwaukee Journal-Sentinel |access-date=18 July 2024}} However, the company later clarified that it had only supplied free products to the venue, along with many other venues that were existing customers, and that it was not a sponsor of the convention.{{cite web|url=https://www.thegrocer.co.uk/comment-and-opinion/fever-tree-backlash-shows-the-damaging-nature-of-trial-by-social-media/693592.article|title=Fever-Tree backlash shows the damaging nature of trial by social media|last1=Beeson|first1=James|date=22 July 2024|access-date=2024-11-08|publisher=The Grocer}}
Name origin
The company's name comes from its initial product, a tonic water. The tonic is flavoured with quinine, a chemical extracted from the bark of the South American cinchona tree.{{Cite news |agency=Press Association |date=2018-03-23 |title=Fever-Tree co-founder toasts £82.5m payday from selling shares |language=en-GB |work=The Guardian |url=https://www.theguardian.com/business/2018/mar/23/fever-tree-co-founder-selling-shares-charles-rolls |access-date=2023-10-25 |issn=0261-3077}} When introduced to India as a pharmaceutical to aid in reducing the fever associated with malaria, quinine was blended with soda water and sugar to make it more palatable, producing the earliest tonic water.{{Cite web |title=Why is it called Fever Tree? |url=https://wildthymespirits.com/blogs/blog/why-is-it-called-fever-tree |access-date=2023-10-25 |website=Wild Thyme Spirits |language=en}} The cinchona tree has been referred to in India as the fever tree.{{Cite web |title=Fever Tree - History |url=https://www.sakshamimpex.com/brands/fevertree/history/ |access-date=2023-10-25 |website=Saksham Impex Private Limited |language=en-US}}
Products
Based in west London, Fever-Tree makes a variety of beverages, including tonic water, ginger beer and lemonade. As of 2023, Fever-Tree products are exported to and available in over 80 countries.
Products are manufactured in Somerset.{{cite web|url=http://www.thegrocer.co.uk/fmcg/company-profile-fever-tree/125129.article|title=Company Profile - Fever-Tree|date=2008-03-03|publisher=The Grocer|access-date=2013-04-10}}
The normal Fever tree Tonic is manufactured in the Netherlands. The range includes:
- Indian Tonic Water
- #1 Best Selling and #1 Most Trending Tonic Water by The World's 50 Best Bars Annual Report 2016{{Cite web|url=http://www.fever-tree.com/latest/news/best-tonic-water-as-voted-for-by-the-worlds-50-best-bars|archive-url = https://web.archive.org/web/20160131013636/http://www.fever-tree.com/latest/news/best-tonic-water-as-voted-for-by-the-worlds-50-best-bars|archive-date = 31 January 2016|title = The Latest News, Events and Announcements from Fever-Tree}}
- Naturally Light Tonic Water
- Mediterranean Tonic Water
- Elderflower Tonic Water
- Lemon Tonic Water
- Rhubarb and Raspberry Tonic Water
- Aromatic Tonic Water
- Clementine & Cinnamon Tonic Water
- Sicilian Lemon Tonic
- Citrus Tonic Water{{Cite web |last=Carruthers |first=Nicola |date=2018-09-12 |title=Patrón and Fever-Tree launch citrus tonic for Tequila |url=https://www.thespiritsbusiness.com/2018/09/patron-and-fever-tree-launch-citrus-tonic-for-tequila/ |access-date=2023-10-26 |website=The Spirits Business |language=en-US}}
- Premium Soda Water
- Sicilian Lemonade
- Madagascan Cola
- Distillers Cola{{Cite web |last=Nichols |first=Allyson |date=2021-07-14 |title=Fever-Tree Launches Distillers Cola Nationwide For Whiskey Cocktails |url=https://thewhiskeywash.com/lifestyle/fever-tree-launches-distillers-cola-nationwide-for-whiskey-cocktails/ |access-date=2023-10-26 |website=The Whiskey Wash |language=en-US}}
- Ginger Ale{{Cite news |last=Wright |first=Ben |date=2023-03-24 |title=The British brand battling to be in the world's gin and tonics |language=en-GB |work=The Telegraph |url=https://www.telegraph.co.uk/food-and-drink/features/british-brand-battling-worlds-gin-tonics/ |access-date=2023-10-26 |issn=0307-1235}}
- Refreshingly Light Ginger Ale{{Cite web |date=2019-03-21 |title=Fever-Tree Launches Three New Ginger Expressions |url=https://www.bevnet.com/news/2019/fever-tree-launches-three-new-ginger-expressions |access-date=2023-10-26 |website=BevNET.com |language=en-US}}
- Spiced Orange Ginger Ale
- Smoky Ginger Ale
- Ginger Beer
- Blood Orange Ginger Beer{{Cite press release |last=Fever-Tree |title=Fever-Tree Launches NEW Blood Orange Ginger Beer |url=https://www.prnewswire.com/news-releases/fever-tree-launches-new-blood-orange-ginger-beer-301648399.html |access-date=2023-10-26 |website=www.prnewswire.com |language=en}}
- Naturally Light Ginger Beer
- Bitter Lemon
- Sparkling Cucumber
- Sparkling Pink Grapefruit
- Sparkling Lime & Yuzu
- Classic Bloody Mary{{Cite web |date=2023-04-25 |title=Fever-Tree Mixes It Up With Launch of New Cocktail Mixer Range |url=https://finance.yahoo.com/news/fever-tree-mixes-launch-cocktail-140000952.html |access-date=2023-10-26 |website=Yahoo Finance |language=en-US}}
- Classic Margarita
- Light Margarita
Partnerships
Fever-Tree has established strategic partnerships with various distilleries and bars in recent years.
In 2013 Fever-Tree began actively supporting the non-profit organisation Malaria No More; a charitable organisation dedicated to eliminating Malaria.
In 2018, Fever-Tree announced a three-year collaboration with the Lawn Tennis Association,{{Cite web |last=French |first=Phoebe |date=2018-03-21 |title=Fever-Tree to sponsor The Queen's Club tennis tournament |url=https://www.thedrinksbusiness.com/2018/03/fever-tree-to-sponsor-the-queens-club-tennis-tournament/ |access-date=2023-10-26 |website=The Drinks Business |language=en-GB}} serving as title-sponsor.{{Cite web |date=2018-11-10 |title=Fever-Tree Tennis Championships In London Voted ATP-500 Men's Tournament Of The Year Again In 2018 |url=https://www.10sballs.com/2018/11/09/fever-tree-tennis-championships-in-london-voted-atp-500-mens-tournament-of-the-year-again-in-2018/ |access-date=2023-10-26 |website=10sBalls.com • TennisBalls.com |language=en-US}} In addition, in August of the same year, Fever-Tree entered into a distribution agreement with Southern Glazer's Wine & Spirits, the largest distributor of alcoholic beverages in North America. As a result, Fever-Tree secured exclusive on-premise channel distribution in 29 states.{{Cite web |date=2018-08-03 |title=Fever-Tree Announces Distribution Agreement with Southern Glazer's Wine & Spirits |url=https://www.bevnet.com/spirits/2018/fever-tree-announces-distribution-agreement-southern-glazers-wine-spirits |access-date=2023-10-26 |website=BevNET.com |language=en-US}} The following month, Fever-Tree launched its citrus tonic water partnership with Bacardi's Patrón Tequila.{{Cite news |date=2018-09-12 |title=Fevertree Bets on Premium Tequila in Bacardi Collaboration |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2018-09-12/fevertree-bets-on-premium-tequila-in-bacardi-collaboration |access-date=2023-10-26}}
In 2019 the British coffee chain Caffe Nero partnered with the company to sell two variations of the drink espresso and tonic across its outlets.{{Cite web |last=Woolfson |first=Daniel |title=Fever-Tree partners with Caffè Nero for 'Espresso & Tonic' drinks |url=https://www.thegrocer.co.uk/new-product-development/fever-tree-partners-with-caffe-nero-for-espresso-and-tonic-drinks/592482.article |access-date=2023-11-19 |website=The Grocer |language=en}}
In 2022, the leading multi-channel foodservice provider for UAE, Bidfood UAE, became the exclusive distributor of the Fever-Tree products in the United Arab Emirates.{{Cite web |date=2022-06-21 |title=Bidfood signs exclusive on-trade distributorship for Fever-Tree products in the UAE |url=https://www.hotelnewsme.com/suppliers/bidfood-signs-exclusive-on-trade-distributorship-for-fever-tree-products-in-the-uae/ |access-date=2023-10-26 |website=Hotel News ME |language=en-GB}} In the same year, Fever-Tree sponsored the Time Out Hong Kong Bar Awards.{{Cite web |date=2022-11-28 |title=Save the date for Time Out Hong Kong Bar Awards 2022 |url=https://www.timeout.com/hong-kong/bars-and-pubs/time-out-hong-kong-bar-awards-2022-sold-out |access-date=2023-10-26 |website=Time Out Hong Kong |language=en-GB}}
In 2023, in combination with Chemist Spirits, Fever-Tree opened its first U.S. Rooftop Botanical Bar Experience in North Carolina.{{Cite journal |date=2023-05-11 |title=Fever-Tree, the World's Leading Premium Mixer Brand, Opens Its First U.S. Rooftop Botanical Bar Experience with Chemist Spirits in Asheville, North Carolina: Chemistspirits-Bar |journal=PR Newswire US}}{{Cite web |date=2023-05-12 |title=Fever-Tree Opens Its First U.S. Rooftop Botanical Bar Experience with Chemist Spirits in Asheville, North Carolina |url=https://www.bevnet.com/news/2023/fever-tree-opens-its-first-u-s-rooftop-botanical-bar-experience-with-chemist-spirits-in-asheville-north-carolina |access-date=2023-10-26 |website=BevNET.com |language=en-US}}
In 2024, Fever-Tree partnered with the Milwaukee Host Committee who raise funding for, and oversee the Republican Party Convention in Wisconsin.
Recognition and awards
Fever-Tree's drink mixers have won "Outstanding Cold Beverage" in the sofi Awards in 2010, 2011, and 2012.{{cite web |title=2012 sofi awards - Fever-Tree Mediterranean Tonic |url=http://foodspring.com/content/fever-tree-mediterranean-tonic/ |access-date=2013-04-10 |publisher=foodspring.com}}
= 2014 =
= 2015 =
Drinks International Award for bestselling and top trending mixer brand.{{Cite web |last=Redaktion |date=2019-01-11 |title=Fever-Tree ist erneut "Tonic of Choice" in den besten Bars der Welt |url=https://www.about-drinks.com/fever-tree-ist-erneut-tonic-of-choice-in-den-besten-bars-der-welt/ |access-date=2023-10-26 |website=about-drinks.com |language=de-DE}}
= 2016 =
= 2017 =
= 2018 =
= 2019 =
= 2020 =
= 2021 =
= 2022 =
Drinks International Award for bestselling and top trending mixer brand.
The King's Award for Enterprise: International Trade for Outstanding Continuous Growth.{{Cite web |title=Best of British business celebrated as the first King's Awards for Enterprise Recipients revealed |url=https://www.gov.uk/government/news/best-of-british-business-celebrated-as-the-first-kings-awards-for-enterprise-recipients-revealed |access-date=2023-10-26 |website=GOV.UK |language=en}}
Awarded Highly Commended in the 2022 Footprint Drinks Sustainability Awards.{{Cite web |date=2022-09-21 |title=The 2022 Footprint Drinks Sustainability Awards in association with C&C Group PLC Winners Announced |url=https://www.foodservicefootprint.com/the-2022-footprint-drinks-sustainability-awards-in-association-with-cc-group-plc-winners-announced/ |access-date=2023-10-26 |website=Foodservice Footprint |language=en-US}}
= 2023 =
Good Housekeeping Institute Award for Best Mediterranean Tonic Water.{{Cite web |date=2023-05-04 |title=10 best tonic waters for delicious G&Ts |url=https://www.goodhousekeeping.com/uk/wine/g34221652/best-tonic-waters/ |access-date=2023-10-26 |website=Good Housekeeping |language=en-GB}}
References
{{Reflist}}
External links
- {{Official website}}
- [https://find-and-update.company-information.service.gov.uk/company/08415302/filing-history?page=3 Companies House data]
{{Finance links
| name = Microsoft Corporation
| symbol = FEVR
| yahoo = FEVR.L
| bloomberg = FEVR:LN
| reuters = FEVR.L
}}
{{Authority control}}
Category:Companies listed on the Alternative Investment Market
Category:Drink companies of England
Category:Soft drinks manufacturers
Category:Food manufacturers based in London
Category:Companies based in the London Borough of Hammersmith and Fulham