Flora and I Can’t Believe It’s Not Butter Maker Issues Huge Pay Day

Flora and I Can't Believe It's Not Butter maker KKR gives itself £90m payday

KKR said it would make all of its Flora Buttery products suitable for vegans in 2023, three years after it changed the original recipe to include buttermilk.

Flora and I Can’t Believe It’s Not Butter maker issues huge pay day

The company behind Flora and I Can’t Believe It’s Not Butter has issued a huge dividend to the tune of £90m – the first since it was taken over by private equity giant KKR. The US-headquartered group, which acquired Flora Food Group – then called Upfield – from Unilever for more than $8bn in 2017, received the financial boost through a dividend for the spreads maker’s latest financial year. The dividend is the first issued by the British arm of …