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Grove Collaborative announced that CEO Stuart Landesberg will participate in a fireside chat at the RBC Capital Markets 2022 Environmental, Social, and Governance Conference on February 23, 2022, at 11:15 a.m. EST. Grove and Virgin Group Acquisition Corp. II (VGII) have entered a business combination agreement, aiming for Grove to become a publicly traded company under the ticker 'GROV' upon completion. Grove, a Certified B Corp, focuses on sustainable consumer products and plans to be plastic-free by 2025. The event will be available via webcast on Grove's Investor Relations website.
Grove Collaborative has appointed John Replogle, former CEO of Burt's Bees and Seventh Generation, as Chairman of its Board of Directors. This move is expected to enhance Grove's leadership in the sustainable consumer products sector. Replogle's extensive experience including successful partnerships with major retailers like Walmart and Target is anticipated to drive Grove’s growth. The company is also progressing towards its business combination with Virgin Group Acquisition Corp. II (VGII), which will lead to Grove’s public listing under the ticker GROV.
Grove Co. has partnered with designer Jeremiah Brent to launch a new limited-edition collection of sustainable home care products. This collection features 13 items, including hand and dish soaps, candles, and home accessories, all designed to enhance home rituals and eco-conscious living. Products range from
Grove Collaborative announced CEO Stuart Landesberg's participation in a virtual fireside chat at the ICR Conference on January 11, 2022, at 2:00 p.m. EST. The event will be available for live streaming on Grove's Investor Relations website. Additionally, Grove and Virgin Group Acquisition Corp. II (VGII) have entered a definitive business combination agreement, which will transition Grove into a publicly traded company listed as GROV on the NYSE.
Grove Collaborative has signed a business combination agreement with Virgin Group Acquisition Corp. II (VGII), enabling Grove to become a public company. Predicted revenues of $385 million for 2021 are expected to surge beyond $600 million by 2024, with a gross margin increase from 50% to 56%. The transaction will provide up to $435 million in net proceeds to fuel growth and innovation, aiming for 100% plastic-free operations by 2025. The merger is set to close in late Q1 or early Q2 2022, with shares to be traded under the new ticker 'GROV'.
