Scotland’s richest man is nuts for new fair-trade company
Sir Tom Hunter, who this summer pledged to give £1bn to good causes over his lifetime, has invested in a nuts company that will supply a branded 'fair-trade' product to supermarkets.
Scotland’s richest man, Sir Tom is investing in Liberation Foods, a company that supports farmers from the third world, most-often the weakest-placed in the supply chain, by giving them a voice throughout the process. The company will supply Sainsbury’s and Waitrose.
Under a deal financed and structured by the Hunter Foundation, Comic Relief and Twin Trading, the organisation behind Cafédirect, small-hold farmers and gatherers from Malawi, Mozambique, Nicaragua and India own a 42% stake in the business, have a seat on the board and will share in profits via dividends.