Piper makes Innocent hire

Balon co-founded Innocent Drinks in May 1999 with fellow Cambridge graduates Richard Reed and Jon Wright. The company turned over £100m (€114m) in that same year, selling over two million smoothies a week in Europe. In 2009 the founders sold a portion of Innocent to Coca-Cola in a deal that valued the company between £250m and £300m. Prior to launching Innocent, Balon worked at McKinsey and Virgin Cola.

“I am fascinated by small, growing businesses with great potential – investing in a brilliant idea and making it more successful,” said Balon. “I feel that many of the lessons I’ve learnt while building Innocent can be applied to help other fast-growing consumer-branded businesses create something of real value.”

Balon was ranked 1,077 on the Times’ Rich List in 2009, his worth estimated at £50m, up £9m from his 2008 ranking.

Picture: source

Share this story

0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Close
Menu
0
Would love your thoughts, please comment.x
()
x
Send this to a friend