
Show Notes
Most pet brands sell function. Denzel’s Dog Treats built its challenger brand around something very different: Happiness!! In this conversation, I speak with founders James and Nathan about how they spotted an emotional gap in the pet category and used brand strategy, packaging, product format and occasion-based innovation to turn dog treats into something much bigger than a functional purchase. And the commercial results are what make this such an interesting story for founders scaling consumer brands. A Valentine’s activation delivered around 15–17x the rate of sale of a normal promotion, with more than 60% of shoppers buying it having not previously bought from pet. Their advent calendar has become their bestselling SKU despite only being available for part of the year. We get into how seasonal innovation moved from “marketing stunt” to revenue channel, why they designed for grocery, hospitality and online from day one, and how becoming obsessive about the brand experience helped Denzel’s create genuinely incremental growth. Use code BGH25 for 25% off Denzel's NEW Advent Calendars from https://www.denzels.co.uk/products/advent-calendar
Details below *
*Redeemable from https://www.denzels.co.uk/products/advent-calendar only 25% off Advent Calendar Applies to one-time purchases No minimum purchase requirement One use per customer Can’t combine with other discounts Early bird discount, active from 15 Sept to 22 Sept (23:59)
What You’ll Learn How James and Nathan identified an emotional white space in a category dominated by functional positioning. Why Denzel’s spent roughly 30–50% of its initial £25,000 startup loan on brand, design and packaging. How Valentine’s treats generated around 15–17x normal promotional rate of sale and attracted shoppers who had never previously bought from pet. Why seasonal NPD has evolved into an acquisition funnel that can ultimately drive shoppers into the core Denzel’s range. How to design products and formats around new channels and occasions rather than simply competing for space within your existing category. Key Topics Discussed Building a pet brand around the “happiness exchange” between dogs and their owners Borrowing inspiration from consumer brands such as BEAR rather than the existing pet category Using Denzel himself as the central brand character Starting the business with a £25,000 loan Investing disproportionately in packaging and brand from day one Designing dog treats to work in grocery, cafés, pubs and online Creating selection boxes, Valentine’s treats, Easter products, birthday products and advent calendars Bringing a Tesco Valentine’s idea from conversation to delivery in only a few months Driving incremental category shoppers rather than simply stealing share Selling more than 30,000 advent calendars through Denzel’s own website during an early launch Becoming a bestseller on Amazon at Christmas Building specific hospitality products including peanut butter brownie, banana bread and pistachio cheesecake treats Outselling a chocolate Florentine in Caffè Nero The operational pain behind seasonal forecasting and manufacturing Turning seasonal innovation into a repeatable retail growth model Building the UK blueprint before selectively expanding into Europe Why packaging has to do more of the selling in crowded grocery categories Targeting what Denzel’s calls “Gen Zennial pet parents” Useful links https://www.instagram.com/thedenzelstory/?hl=en https://www.denzels.co.uk/collections/shop-our-treats?srsltid=AfmBOorqeOYT4jb5u60GQa-AtYmjaba8MHZRynjaGkfn1vmkOy_DcN5A
Community and review request Did you get a nugget of value from this chat? If so, PLEASE share your thanks by hitting FOLLOW or SUBSCRIBE to Brand Growth Heroes on your favourite podcast app, and even LEAVE A REVIEW - both of these actions make a MASSIVE difference to our mission to help more founders just like you. AND by sharing this episode with another founder building a challenger brand, a colleague or a mate w
More from Brand Growth Heroes
Sometimes it's lunch, sometimes it's dinner. Sometimes you're one, sometimes you're a family of 4. Sometimes it's a side, sometimes you're starving. How does a food brand answer all of these consumer/human need-states? STOCKED has created a product category that didn't previously exist: chef-made, frozen blocks of deliciousness - that you can choose to eat in 2,4 or 6 - you do it your way. In this episode of Brand Growth Heroes, I'm joined by Sam Moss and Charlie Gilpin, the co-founders of Stocked, which is chef-made frozen food and reinventing the ready meal with portion-sized blocks that customers can heat, combine and serve however they like. We talk about their extraordinary brand growth journey, from launching direct-to-consumer and cooking everything themselves to appearing on Dragons' Den, building their own manufacturing operation and securing listings with Ocado, Waitrose and Sainsbury's. I first met Sam and Charlie in 2022 when they joined the Brand Growth Heroes strategy programme, and it's been AMAZING to see what they've built since. What makes their story particularly valuable for founders scaling consumer brands is how many apparently difficult decisions have become genuine strengths. Manufacturing in-house, keeping their product range focused on one type of food, and asking consumers to do a little of the preparation themselves might not sound like the obvious route to scale. But each has helped Stocked build a differentiated proposition. We also get into the realities of scaling a team, the advantages of having a co-founder you've known since childhood, and why growing a business doesn't necessarily mean making the product more complicated. What You'll Learn How Stocked grew from £4K monthly revenue to a £15M annualised run rate, and why direct-to-consumer was so important in proving the proposition before retail. What Dragons' Den actually delivered commercially, including 60% month-on-month growth, long-term social proof and interest from major retailers. Why manufacturing in-house became a competitive advantage, despite initially being something the founders had hoped to outsource. How product focus enables more innovation, with over 65 unique SKUs developed while keeping production centred on chef-made, sauce-based meals. What Sam and Charlie have learned about scaling together, from sharing ownership and responsibility to building a team that allows them to move beyond day-to-day production. Key Topics Discussed Creating a new category within frozen ready meals Growing from £4,000 monthly revenue to a £15 million annualised run rate The role of DTC in consumer education and product development Dragons' Den, social proof and retail credibility Launching into Ocado, Waitrose and Sainsbury's Why around 90% of the business was still DTC at the time of recording Building a manufacturing facility from scratch Using operational complexity to create a competitive moat Keeping the manufacturing model focused while expanding the range Restaurant, chef and food creator collaborations Why consumers value control as well as convenience The economics of flexible portions and different eating occasions Scaling the team without losing operational discipline The realities of building a business with a childhood friend Why a 50/50 co-founder partnership has worked for Sam and Charlie What the Brand Growth Heroes programme taught them about messaging and consumer awareness Links: Website: https://stockedfood.com/?srsltid=AU7gw4Uj6rrYMb0tAqZtRTi6oed5mIi3lx0sLIBwb3mbxcQuyzK_pmP5 Insta: https://www.instagram.com/stockedfood?utm_source=ig_web_button_share_sheet&xtok=ZDNlZDc0MzIxNw==
Grubby - the award-winning plant-based meal kits and ready meals delivered to your door - went from a £23M valuation and rapid growth TO around 140 VC rejections, losses of more than £1m in a year and a point where the founder says the business was probably only weeks away from “game over.”
Many of you founders working with niche ingredients out there might have struggled with this question: How do you build a new category when consumers don’t yet understand the ingredient, retailers don’t know where to place it, and nobody is walking into stores asking for it?
In this episode, Fiona Fitz chats with Richard Peake, Managing Director of Merchant Gourmet and one of the rare non-founder guests to grace our show. When Richard entered the role, Merchant Gourmet was a £15 million business. Fast forward four years, and the company has doubled its revenue to £30 million. Bold innovations, a revamped product range, and strategic market expansion have powered this incredible growth. Our conversation delves into the power of innovation and the importance of staying ahead of consumer trends. Richard shares invaluable lessons in new product development (NPD). One particularly fascinating theme we covered was servant leadership—how Richard and his team drive Merchant Gourmet’s growth by empowering their people and focusing on purpose. Additionally, we explore how export markets present an exciting new frontier for brands looking to scale. It was also refreshing to hear Richard admit that even seasoned professionals can find brand positioning a challenge. So, if you’ve ever struggled with getting it just right, you’re in good company! Enjoy the episode, and as always, let us know your thoughts!
How should founders value an early-stage consumer brand, negotiate with investors and raise capital without giving away more of the company than they intended? In this second part of my conversation with Phil Hails-Smith, Managing Partner at Joelson, we move from founder equity into investment, valuation and the legal foundations required to scale a CPG brand. Phil explains why private-company valuation is an art rather than a science, how SEIS and EIS can support early fundraising, and why an ambitious valuation can create painful dilution if the business later misses its plan. We also discuss responsible AI policies, investor due diligence, change-of-control clauses and why owning every element of your intellectual property can determine whether an eventual sale completes. What You’ll Learn How SEIS and EIS can help early-stage founders attract investment. What investors consider when valuing a pre-revenue or early-revenue consumer brand. Why raising at too high a valuation can cost founders more equity later. What a scaling company should include in its AI policy. How contracts and intellectual-property ownership affect an eventual exit. Key Topics Discussed Moving from founder equity into external investment SEIS and EIS tax incentives Raising an initial seed round Valuing pre-revenue and early-revenue consumer businesses Revenue multiples and future growth potential Why valuation is an art rather than a science Balancing company valuation against founder dilution The dangers of raising at an unsustainable valuation Down rounds and the effect on founder ownership Changes in investor appetite for consumer and CPG brands Why defensible physical products may appeal to investors Responsible company use of AI Protecting confidential and personal information Controlling which AI tools employees can use Preparing for private equity or strategic acquisition Reviewing customer and supplier contracts Change-of-control provisions Making sure the company owns its brand assets The Innocent logo dispute and the importance of intellectual property Why unresolved legal issues can delay or jeopardise a sale Useful links https://joelsonlaw.com/