NEWS
Vape shop chain VPZ, formerly Vaporized, tops the league tables
as the fastest-growing company in Scotland, and features in the top
25 for the UK.
The chain placed 24th in the annual Sunday Times Virgin Atlantic
Fast Track 100, which lists the top 100 fastest-growing companies
in the UK, topping the league table for Scotland.
VPZ is the only vape retail outlet to appear on the list, which
features privately owned companies from across the beauty,
medical, property development, aircraft and hospitality sectors
among others.
Big names such as fast food favourite Five Guys, Flat Iron
steakhouse and make-up artist to the stars Charlotte Tilbury
Beauty also place on the list.
Behind VPZ and its success are brothers Callum and Connor
Henderson, who opened their first store in Leith, Edinburgh, in
EXPANSION
In November, VPZ expanded operations and invested in its
manufacturing facility outside Edinburgh with a view to facilitate
increased distribution and keep up with market growth.
Over one million products were bottled during October alone,
with additional capacity available to increase production levels for
future demand.
Brewing company BrewDog is the only other Scottish company
featured on the top 100 list, coming in at number 71.
The Sunday Times Virgin Atlantic Fast Track 100 league table
ranks Britain’s leading 100 private companies, those with the
fastest-growing sales over the last three years. The top 100 brands
are compiled by Fast Track and published in the newspaper each
December, with an awards event the following May.
20 | VM21
2013. Fast forward to 2018 and the company has opened more
than 100 shops with plans for the expansion of 200 further shops
due to open by 2021.
Commenting on the news, Doug Mutter, Compliance Director at
VPZ told Vapouround:
“We are delighted to be placed in the top 25 fastest growing private
companies in the UK, and ranked as Scotland’s fastest growing
company. Vaporized was established in 2012 and has evolved into
one of Scotland’s 21st century business success stories.”
“We have grown rapidly into the UK’s leading chain of vaping stores
by offering our customers the widest range of quality approved
products. Our staff have also been at the heart of our success,
bringing a personalised service that offers a knowledgeable and
well-informed experience for our growing customer base.
Our great staff and quality products are the reason VPZ is doing so
well. We look forward to building on this success, with more stores
planned for across the UK and Europe.”
Vape shops up and down the UK have been at the centre
of regenerating the Great British high street. Now VPZ
(Vaporized) has emerged as Scotland's fastest growing
private company.