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Vegan Food Group CEO Dave Sparrow confirms resignation
Yahoo Finance· 2025-09-23 13:46
Leadership Changes - Dave Sparrow has stepped down as CEO of The Vegan Food Group (VFG) in the UK, having taken on the role in January 2024 after transitioning from VFC Foods [1][2] - Matthew Glover, the founder of Veganuary, established VFC Foods in 2020, and co-founder Adam Lyons has also recently resigned alongside Sparrow [2][4] - Sparrow expressed pride in the organization's achievements but indicated it was time for a new challenge [3] Company Acquisitions - Under Sparrow's leadership, VFG completed several acquisitions in the plant-based meat sector while operating as VFC Foods [4] - VFG acquired The Meatless Farm Co. in mid-2023, a deal valued at approximately £12 million in sales, equivalent to $16.2 million [5] - Following this, VFG acquired Clive's Purely Plants in October 2023, which produces a variety of vegan products [6] Financial Performance - The Meatless Farm reported a net loss of £23.5 million for the year ending December 31, 2021, and had been supplying major retailers such as Tesco and Sainsbury [6] - Clive's Purely Plants was previously majority-owned by Veg Capital, co-founded by Glover, before being acquired by VFG [7]