Graze is a United Kingdom-based snack company which offers over 200 snack combinations through snack subscription boxes, an online shop and retailers. The company distributes thousands of snack boxes per day across the UK. Graze expanded operations to include the United States in 2013, launching snacks into US retailers in 2016.
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History
Graze was launched in 2008 by seven friends brought together by Graham Bosher, the founder of LoveFilm. The company began delivering snacks including nuts, small puddings, and porridge across the United Kingdom. In November 2012, The Carlyle Group purchased the majority stake of Graze.
Graze opened a distribution center in New Jersey in January 2013 to begin beta trials in the United States. Graze officially expanded into the United States by late 2013 and has offices in Jersey City, New Jersey and Manhattan, New York. By the end of 2014, Graze had generated £68 million in revenue.
Graze announced the launch of a line of snack products to UK retailers including Sainsbury's, Boots UK, and WHSmith in July 2015.
In 2015 Graze was listed as a member of the Sunday Times Fast Track 100, the list of Britain's top 100 fastest growing companies.
In 2016 Graze launched an online shop for one-off purchases, outside the snack subscription model, and began selling a range of their snacks in Walgreens stores across the US.
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Production
Graze uses an algorithm called DARWIN (Decision Algorithm Rating What Ingredient's Next) to customize snack boxes based on the preferences subscribers enter on the site. Graze develops its own recipes that do not include genetically engineered ingredients, artificial flavors or colors, high fructose corn syrup, or trans fats. Variety boxes contain four or eight snacks and can be delivered weekly, biweekly, or monthly. Larger sharing bags and multipacks are available to buy ad-hoc on graze's online shop
Graze donates a portion of its profits from referrals to the Graze School of Farming charity, an organization that works to reduce global poverty through the Graze School of Farming in Kabubbu, Uganda. The farm teaches students how to farm and maintain fruit trees in order to help bring income to families living in poverty.
References
Source of the article : Wikipedia
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