Shortly after being sold in administration to Lillie SPV Limited in a pre-pack transaction, Glasgow-based The Vegan Kind (TVK) online plant-based supermarket has now ceased operations.
In an Instagram post, TVK thanked its customers for their support and said its team was ‘heartbroken’.
“Despite the best endeavours of our many stakeholders, we are incredibly disappointed to announce that after nine years of supporting the plant-based community, The Vegan Kind will be winding down its online supermarket and subscription box service,” it said in an announcement. “Whilst we were hopeful that the recent restructuring would enable us to establish a viable business into the future, it has now become clear that this cannot be achieved … Sadly, the realities of the current economic climate have left us no option but to cease operations.”
TVK and its assets had been sold immediately after Alistair McAlinden and Blair Nimmo from Interpath Advisory were appointed joint administrators of the business on 11 October 2022.
“The company’s directors had sought new investment to support the continued operation of the business but those efforts were unsuccessful and the directors took the difficult decision to place the company into administration,” McAlinden said at the time. “However we are glad to have been able to conclude this transaction and give the business the best opportunity of a successful future.”
