Preston-based vaping company plans to reach £1billion
Preston-based IVG aims to achieve £1 billion in annual revenue within three years through global expansion.Summary
IVG, a vaping company founded in 2016 by Ahsan Bawa, has transitioned from a regional start-up to a global brand. Operating under parent company Hadi SM Investments, the company is targeting £1 billion in annual revenue within the next three years. To support this growth, IVG is investing in AI-driven operational systems, product development, and global supply chain infrastructure.
Currently, IVG employs over 180 people in Lancashire and 250 across the UK. Its products are widely available in major UK retailers such as Tesco, Asda, Morrisons, and Sainsbury’s, reaching approximately 40,000 retail locations nationwide. Despite its international expansion, the company remains committed to its roots in Lancashire, aiming to build a modern global business from the UK through innovation and operational excellence.
(Source：Lancashire Telegraph)
