Investing in the Future of British Businesses
- Asda co-owner Mohsin Issa launches new investment fund
- Investment in UK startups
- Boulder Investco established in Jersey
- Significant stake in GoThrift and £10m in Applied Nutrition
Asda co-owner Mohsin Issa and his partner Victoria Price have launched a private investment fund, Boulder Investco, to support fast-growing UK startups. The fund has taken significant stakes in Manchester-based second-hand clothing website GoThrift and Liverpool-based protein powder firm Applied Nutrition, which made its stock market debut last month. Issa, who previously invested in forecourt giant EG Group and sportswear brand Castore, aims to support entrepreneurial businesses in the UK. Price, a former accountant at EY, now leads Alvarez and Marsal’s tax division.
Factuality Level: 8
Factuality Justification: The article provides accurate information about the launch of Boulder Investco by Mohsin Issa and Victoria Price, their investments in GoThrift and Applied Nutrition, and their backgrounds. It also mentions the challenges faced by retailers due to increased costs. However, it lacks a brief explanation of EG Group and Castore, which may be considered as tangential information.
Noise Level: 3
Noise Justification: The article provides relevant information about Mohsin Issa and Victoria Price launching a private investment fund for UK start-ups and their investments in specific companies, but it lacks analysis or exploration of broader trends or consequences.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses Mohsin Issa and Victoria Price’s launch of Boulder Investco, a private investment fund focused on backing UK startups. It mentions their previous investments in EG Group and Asda, as well as their current investments in GoThrift and Applied Nutrition. The article is relevant to financial topics as it involves significant amounts of money being invested by the co-owner of Asda and his partner.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
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