Business
Revive set to double production with major expansion in UK
An award-winning Galway health and nutrition company is set for major growth this year after it announced the first phase of a major UK expansion more than double its production capacity in 2016.
Revive Active – the company established by Daithi O’Connor and Liam Salmon and based at Liosban Industrial Estate in Galway city – will also grow the company’s turnover to €6 million for 2016.
This follows on from an agreement with Lloyd’s Pharmacy in the UK to roll out Revive Active’s portfolio of portfolio of scientifically developed supplements across Lloyd’s pharmacy retail network. This deal will build on Revive Active’s presence in leading UK health food stores.
A recent winner of the 2015 National Eir Elevation awards for Fast Moving Consumer Goods, Revive Active is a fast-growing Irish Health Supplement business that is highly regarded for its science-based nutritional supplements that set new standards for their integrity and outstanding formulations.
Using proprietary, scientifically-sound formulations, Revive Active’s targeted health and nutritional supplements use only the highest quality-grade of active ingredients to ensure maximum bio-availability.
The company is working round the clock to keep up with demand for its products including flagship Revive Active and Joint Care Complex which are now available in more than 800 pharmacy and health food outlets in Ireland.
The company also sells its nutrition supplements online to customers in US, Canada, Australia and Europe.
“With an important new product launch for cognitive health planned for February 2016, the UK represents a key market for Revive Active and having a strong UK retail partner such as Lloyds from the get-go is paramount to our growth strategy in the UK,” said Daithi O’Connor.
“Lloyds Pharmacy is a leading UK pharmacy chain with a high patient self-care focus and a total of 1,600 strategically sited pharmacies across Great Britain and Ireland.
“The launch of Revive Active’s products range through Lloyds UK pharmacy network will ensure we are on track to more than double the number of retail accounts in the UK and reach more consumers and strengthen our brand presence too.
“We are really looking forward to working in partnership with Lloyds to ensure that REVIVE ACTIVE reaches its full potential in the market,” he added.
The new President of Local Ireland, the association representing local news publishers around the country, is Head of Irish Times Regionals Dan Linehan.
Mr Linehan takes over the presidency from Declan McGuire of the Connacht Tribune. His appointment was confirmed at the recent Annual General Meeting of Local Ireland at Bloomfield House Hotel near Mullingar, Westmeath.
Mr Linehan, who has served as Vice President of the organisation for the last two years, said: “The coming years are a very important time for local publishers with many important issues to be addressed, including the implementation of the Future of Media Commission recommendations, defamation reform, the role and support for local publishers in public service reporting and helping publishers develop commercial digital offerings.”
Speaking at the AGM, Mr McGuire acknowledged the work done by the Executive in the past two years under the direction of Executive Director, Bob Hughes, on several projects related to the publishing industry but most especially the successful conclusion of the long-running campaign for the abolition of VAT on newspapers.
He also wished Mr Linehan the very best in his new role as President of the association for the next two years.
Mr Hughes thanked Mr McGuire for his leadership and support during his term of office and said he looked forward to working with Mr Linehan on the key policy priorities for the association, including Government supports, Government advertising, fair remuneration for content from the tech platforms and the reform of the legislation for defamation.
Local Ireland members also elected Seán Mahon, Managing Director of the Southern Star, as Vice President for the next two years.
The shortage of affordable housing is the single biggest impediment in attracting and retaining workers in the West, according to business group Ibec.
At a ‘Regional Insights Series’ meeting in the Galmont Hotel in Galway last week, employers were told that capacity constraints and labour supply are the key challenges facing business growth in the region.
Ibec Head of Regional Policy Helen Leahy said: “There must be greater focus by government on enhancing quality of life issues such as housing and infrastructure which are driving labour shortages in the region.
“Ibec’s vision for the West is to realise its potential to become a globally competitive location. An inadequate supply of affordable housing is now the single largest impediment to attracting and retaining talented workers, without whom business investment and expansions are not possible.
“Labour shortages are a real concern for businesses in the region. People decide where to live and work based on quality of life and access to high quality services and amenities. Industry tends to follow talent, and in this regard, the region needs to have all the building blocks in place as the attraction and retention of world-class talent becomes increasingly competitive on a global level,” said Ms Leahy.
Amongst Ibec’s priorities for the West are:
- Addressing housing and infrastructure challenges
- Transitioning towards a new growth model with Net Zero energy powered by Atlantic offshore wind resources
- Adapting businesses to the new economic realities
- Enhancing capacity and skillsets to achieve sustainable development objectives
- Investment in people and skills
- Creating competitive advantage through digitalisation
- Innovation as a key driver of productivity growth
One in five Galway businesses want to go fully cashless, as the move towards card payments and tapping continues unabated post-Covid.
In all, 22% of Galway businesses would like to be fully cashless, according to a survey carried out by BOI Payment Acceptance (BOIPA), a provider of payment technology solutions, which asked Irish businesses about the current payment landscape as well as business confidence and concerns.
Over one-third (36%) of Galway businesses were unaware there is no contactless limit on mobile wallets – just below the national average – while 54% believe the increase in card over cash transactions has helped them run their business.
Six out of ten Galway businesses expect to grow this year despite the cost-of-living crisis and running costs dominating as key concerns; 62% believe their business will grow over the next twelve months despite global economic uncertainty.
Unsurprisingly cost-of-living increases and running costs were the main concerns the majority of businesses had.
For more, read this week’s Connacht Tribune.
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