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Corporation
INTERNET | Internet Software & Services / Asset & Financial Management & Trading
nutmeg.com

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Founded Year

2012

Stage

Acquired | Acquired

Total Raised

$152.55M

Valuation

$0000 

About Nutmeg

Nutmeg is an investing service regulated by the FSA that offers a straightforward, transparent way of making savings and investments work intelligently towards real-life goals. Its mission is to democratize financial management, offering a "third way" for those who neither want to pick stocks themselves or pay an advisor to invest for them.On June 17, 2021, Nutmeg was acquired by JP Morgan Chase at a valuation of $1000M.

Nutmeg Headquarter Location

2nd Floor - Vox Studios 1-45 Durham Street

London, England, SE11 5JH,

United Kingdom

020 3598 1717

Latest Nutmeg News

Morrisons profits fall, extends Nutmeg to shampoo, conditioner bars

Sep 9, 2021

Morrisons profits fall, extends Nutmeg to shampoo, conditioner bars By Sep 9, 2021 Supermarkets giant Morrisons has reported falling profits and rising costs in its supply chain due to a shortage of lorry drivers and other issues. Photo: Sandra Halliday The company, which makes the Nutmeg clothing brand and is currently the subject of a bid battle from US private equity groups, said profit before tax and one-off items dropped by over a third to £105 million in the half to August 1. That was partly because of £41 million of Covid-19-linked costs, as well as it earning £80 million less from its cafés, from its food-to-go offer and from fuel. Advertisements And it said that it's facing issues beyond its control such as “sustained supply chain cost increases”. This could mean rising prices in the months ahead as commodity and transport costs continue to move upwards. But the company still expects sales to rise in the second half of the financial year and is forecasting profits of more than £431 million for the full year. It said revenues in the first six months rose 3.7% to £9 billion and online sales on a like-for-like basis rose 48%. It didn't break out sales figures for the Nutmeg brand separately, which is the standard approach for supermarket chains. We rarely hear about how the George at Asda line is performing or the F+F line at Tesco. Sainsbury's is quite unusual in breaking out sales of the Tu Clothing line separately. However, it's clear that the Nutmeg brand as a whole is increasingly important to the business. As well as clothing, it also includes items such as homewares and baby products. And it's interesting that the company uses it for own-brand beauty too. In fact, with these results, it said it has become the first UK supermarket to launch an own-brand range of shampoo and conditioner bars into its permanent haircare range. Lasting up to 30 washes, its Nutmeg Shampoo and Conditioner Bars are 100% plastic-free, vegan, and packaged in fully recyclable cardboard cartons. That’s likely to go down well with its increasingly eco-conscious consumers and should boost awareness of the Nutmeg brand as a whole much further. Copyright © 2021 FashionNetwork.com All rights reserved. Tags :

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Research containing Nutmeg

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Nutmeg in 6 CB Insights research briefs, most recently on Jun 21, 2021.

Expert Collections containing Nutmeg

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Nutmeg is included in 3 Expert Collections, including Wealth Tech.

W

Wealth Tech

1,109 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

F

Fintech 250

248 items

F

Fintech

19,054 items

Excludes US-based companies

Nutmeg Web Traffic

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Reach per Million (RPM)
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