West Cornwall Pasty Company has opened up its fourth and fifth new concept high street store, West Cornwall Food Co, in Cirencester, Gloucestershire and Winchester, Hampshire. Since March, the new high street concept West Cornwall Food Co launched with an extended product range including freshly made sandwiches and a luxury range of cakes and organic coffee. The first store to carry the new range was at Canterbury, Kent which has seen sales rise to 50% up on last year.The pasty company has since opened up four new high street shops in Chichester, West Sussex, Newbury, Berkshire and now in Cirencester and Winchester.A roll-out of the successful concept is planned for the end of the year and into 2017 to a number of other high street West Cornwall Pasty Co stores.Chris Peck, executive chairman of West Cornwall Pasty Co, commented: “West Cornwall Pasty Co is a brand in high demand. Our strategic shift towards a profile-raising lifestyle approach has influenced a robust fast-track growth plan, especially in the travel and sports sector, with a proven track record of significant impact.“Continued investment into strong communication and engagement with our expanding customer base, innovating with new headline products and exciting new generation store refurbishments have placed the spotlight well and truly on all brand activity both digitally and at store level.”In August, British Baker caught up with Chris Peck to explain his “turnaround story” for his business since he took the helm in 2014.
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“Indonesia can absolutely surpass Singapore’s funding,” Venture Capital and Startup Indonesia Association (Amvesindo) chairman Jefri Rudyanto Sirait told The Jakarta Post on Thursday. He added, however, that the start-up investment ecosystem in Indonesia was not as favorable as in Singapore.He went on to say that Singapore had a stronger investment ecosystem with better legal clarity and ease of establishing a VC, which made the city-state more attractive for investors.Jefri added that Indonesia had the potential to become the fourth-biggest economy in the world given its large population. The country also ranked fifth in global start-up rankings with around 2,100 start-ups, just behind the United States, India, the United Kingdom and Canada.“Indonesia has a bigger market than Singapore, the challenge is making that market attractive for all stakeholders,” he said. Even though Singapore still leads the ranking, its funding share in the region has dropped 77 percent since 2018 as other SEA markets expanded.Thailand’s share, for example, more than doubled to 7 percent in 2019 from 3 percent in the previous year led by KASIKORN Vision (KVision), the investment arm of lender KASIKORNBANK, which announced a $245 million fund allocation.Meanwhile VCs in Cambodia, the Philippines and Vietnam also started to invest in SE Asian start-ups last year.Deal Street Asia predicted that Indonesia would retain its place as the second-largest market in 2020 as local VCs have announced ambitious plans. BRI ventures, for example, has set a target of raising $250 million funding while MDI Ventures plans to launch a new fund of up to $500 million.The report also showed that Indonesia-based VC East Ventures was the most active in investing in start-ups. According to its cofounder and managing partner Wilson Cuaca, East Ventures has invested in around 300 start-ups globally, with around 170 in Indonesia.“I cannot say how much East Ventures’ target funding is or how many start-ups we’re going to invest in because we don’t know what entrepreneurs are going to make,” he said over the phone on Thursday. “What we do see is potential and we have always invested in the people behind the idea.”Willson said that the VC had prepared $75 million in fund VI for seed funding, and another $250 million in a growth fund, totaling $325 million last year. This sum is less than the around $375 million prepared in 2018, according to the report.When asked about the effect of the COVID-19 pandemic on East Ventures’ plan, he said that the VC would halt investments in new start-ups while helping their portfolio companies with capital efficiency.“All of our portfolio companies’ revenue is down along with the economy, so we are not going to be aggressive in new investments,” he said, adding that East Ventures would also start crowdfunding for the development of coronavirus test-kits by one of its portfolio companies, Nusantics.Meanwhile, Jefri said that the pandemic could become an opportunity for start-ups to stress test their business and to create a mitigation plan if similar situations were to occur in the future.He went on to say that some start-ups such as those in e-commerce, food delivery and telemedicine services might even see an increase in their client base and revenue since people are staying indoors to avoid the coronavirus infection.However, some start-ups such as those in travel and hotel aggregation were seeing drastic changes that required them to make efficiency savings, even going as far as reducing staff wages by up to 80 percent, Jefri said. “I think all start-ups must still seek transactions and try to maintain or grow their business even if it’s slow to ensure that the economy still functions,” he added.Topics : Indonesia retained its position as the second-largest venture capital market in Southeast Asia as Malaysia remained in third position and Singapore continued to lead the rankings.A recent report by Deal Street Asia showed that Indonesia-based venture capital companies (VCs) raised a total of US$582 million last year, a 79 percent increase from $325 million in 2018.Meanwhile, Singapore-based VCs were still leading with around $2 billion in funds raised, 58 percent of the total $3.6 billion in fresh funding in the region last year. Meanwhile, Malaysian VCs were in third position with $484 million, more than five times the $90 million raised in the previous year.
Lawrenceburg, IN— A boil Water advisory is in effect until 9 am on Thursday. During a Boil Water Advisory, the water is okay for the customer to bathe, wash clothes and other common needs. However, as precaution, water should be boiled for five minutes before eating, drinking or cooking. The boil water advisory will remain in effect until water quality tests confirm the water is safe for customer consumption (usually 24-36 hours from issuance). LMU will take samples this morning and will likely have results tomorrow afternoon. LMU will also sample again tomorrow as a further precautionary measure. Precautionary boil water advisories are to ensure public safety and it is a responsibility that Lawrenceburg Municipal Utilities (LMU) takes very seriously.Please be advised that this advisory is precautionary and is not the result of a known health concern with the public water supply. Boil Water Advisories are issued as a precaution with a customer’s best interests in mind.Questions please call LMU 812-532-3500.