Tuesday, October 31, 2017 3:55:37 PM
Sodexo is one of the world's largest multinational corporations, with 420,000 employees that represent 130 nationalities and are present on 34,000 sites in 80 countries. For fiscal year 2010 (ending August 2009) revenues reached 15.3 billion euros, with a market capitalization of 6.5 billion euros. Revenues by region represent 38% in North America, 37% in Continental Europe, 8% in the UK and Ireland, and 17% elsewhere. Link - https://en.wikipedia.org/wiki/Sodexo
- SODEXO SHARE PRICE 104.35 euros.
http://www.marketwatch.com/investing/stock/sw?countrycode=fr
This is what Village Tea company's CEO has to say about SODEXO's deal:
Martin Ekechukwu, CEO of Village Tea Company (subsidiary of $ABVG) "And to celebrate, today we have signed the biggest contract of our lives with Sodexo where @villageteaco will be distributed nationally and internationally in thousands of food service locations like college campuses, especially HBCU's where we are dedicated to supporting health and wellness trends of people of color, restaurants, bars, hotels, embassies, stadiums, your mom's cabinet and your local bodega's"
Here's the link - https://www.instagram.com/p/BDyGqd1Q6Gb/
Food service has become an increasingly important channel for natural food startups, which Velez says companies like Sodexo view “as the future.” Sodexo in 2014 said it would purchase $1 billion in products and services over three years from small- and medium-sized enterprises; its other small partners include Paleo baked goods company Base Culture, Village Tea Company, and Gavina Coffee Company.
http://fortune.com/2016/10/05/back-to-the-roots-food-service/
In 2010, SODEXO was serving 1 Billion hot beverages, or 10,000 tons of coffee and tea annually. That number would have grown much higher by now(in 7 years).
Just a guess, but if we assume 10% of that 1B hot beverages is tea, we are looking at 100M TEA beverages every year. If ABVG(Village Tea) becomes the tea supplier for SODEXO, we are looking at hundreds of millions in revenues just from SODEXO.
In 2010, Sodexo's Group Marketing Director said in a statement. "At present, we serve nearly one billion hot beverages, or 10,000 tons of coffee and tea annually and we would like to continue develop this offer in the future." http://www.greenbiz.com/news/2010/06/23/sodexo-boosts-green-purchasing-goals-coffee-tea-additions
Sodexo has entrusted ABVG to lead the eatery at NAU. The NAU eatery is exclusively carrying all Village Tea products, Undone chocolate products and the JAWEA ice cream products. That shows tremendous confidence by the "World's 19th largest company" on a small OTC stock company. SODEXO is so secure about it's brand value and growth under ABVG leadership. That speaks volumes to me. It's just a matter of time. As someone posted a communication from the CEO, I guess CEO is waiting on Sodexo to approve the PR material, and that may be the cause of delay for PR. When CEO starts releasing PR one after another, we will see continued uptrend for weeks.
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