Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Gousto to add 700 jobs in Britain over three years

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/30/2019 | 07:10pm EDT
FILE PHOTO - People walk down Regent Street after it was shut as part of 'Car Free Day' in London

LONDON (Reuters) - British online recipe box company Gousto will add more than 700 jobs over the next three years, it said on Tuesday, underscoring growing demand for food services that send precise ingredients for recipes directly to customers' homes.

Gousto said the jobs will be split between its headquarters in London and its distribution centre in Spalding, eastern central England. Hundreds of roles will be created in its technology team in data science, analytics and software engineering.

The firm's recruitment drive contrasts with major job losses in Britain's traditional retail sector over the last year, including 4,500 announced by supermarket group Tesco, Britain's biggest retailer, in August.

The value of online sales in Britain's grocery industry is forecast to grow 44% to 16.7 billion pounds in the five years to 2024, according to market researcher IGD, partly driven by newer entrants to the space, such as Amazon and meal box operators such as Gousto, HelloFresh and Mindful Chef.

Launched in 2012 with four people, Gousto now has more than 500 employees. The hiring announcement follows a 30 million pound funding round in July, which took total funds raised to over 100 million pounds.

Gousto investors include Hargreave Hale, MMC Ventures, Unilever Ventures, Perwyn and health and cooking author Joe Wicks.

(Reporting by James Davey; Editing by Kirsten Donovan)

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM 0.68% 1731.92 Delayed Quote.15.31%
TESCO PLC 6.51% 242.2 Delayed Quote.27.41%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
10/13What to watch in third quarter earnings from U.S. companies
RE
10/13Correction to China stimulus article
DJ
10/13'Broken system' starves U.S. oil boom of immigrant workers
RE
10/13In planning for next U.S. recession, economists say, don't fret about debt
RE
10/13Egypt cuts stock exchange fees in bid to boost investments
RE
10/13DEPARTMENT OF INTERNATIONAL RELATIONS AND OPERA : Minister Pandor to undertake a Working Visit to the Middle East from 15 to 16 October 2019
PU
10/13MINISTRY OF FOREIGN AFFAIRS OF NEPAL : Joint Statement Between Nepal and the People's Republic of China
PU
10/13PRESIDENCY OF REPUBLIC OF TURKEY : President Erdoğan to Visit Azerbaijan
PU
10/13Vietnam's 2019 economic growth seen higher than 6.8 pct - president
RE
10/13MINISTRY OF FOREIGN AFFAIRS OF PEOPLE REPUBL : Joint Statement Between the People's Republic of China and Nepal
PU
Latest news "Economy & Forex"