Environmentally friendly products are at the heart of consumer consciousness at the moment. The tissue market is a £50bn category and it has not been disrupted in years. Winners of this year’s Scale-Up Business of the Year 2019 at the London Regional Final of the FSB Celebrating Small Business Awards was The Cheeky Panda.
The company, which sells sustainable bamboo tissue products, launched in 2016 with a £10,000 start-up from friends and family. This year the cheeky team are on course to break the £10 million barrier, selling over 500,000 units per month. If The Cheeky Panda continues on the current trajectory, it could be one of the biggest IPOs for a green company. Chris Forbes co-founder said: “The Cheeky Panda makes a profit and the London Stock Exchange and NASDAQ think we are set to be the next major green IPO.”
The Cheeky Panda range is stocked by leading retailers throughout the UK including Boots, WHSmith, Ocado and Morrisons as well as being a best seller on Amazon. The sustainable conscious company’s allergy free, chemical free pocket tissues, facial tissues and handy wet wipes are already proving a best seller in Boots. Demand internationally is booming as well with over 20 countries now stocking The Cheeky Panda with leading international supermarkets like Monoprix, Carrefour, Dunnes and Blokker.
Julie Jen, Co-Founder of The Cheeky Panda, said: “Increasingly consumers are integrating products that offer sustainability into everyday life. Our products enable consumers and companies to take a step towards a more eco-lifestyle without compromising on quality.”
The Cheeky Panda have set a goal to save 250,000 trees and reduce carbon emissions by 21,000 tons and are encouraging companies and consumers that are looking to minimise their impact on the environment make the switch to 100% more sustainable The Cheeky Panda products.