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Campaigns / Grizzly Research → HelloFresh SE
Grizzly Research vs. HelloFresh SE

HelloFresh SE · HFG

2 decks published between 2025-11-06 and 2025-11-06 — 57 pages, 54 analysed slides total. Outcome: ongoing.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2025-11-06 initial thesis

    2025 11 HelloFresh Report 6_11 Final

    28pp · research_note

    HelloFresh's CEO has pledged 77% of his shares to fund brother's real estate, driving an EUR100m buyback to avert margin calls while the meal-kit business structurally collapses.

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  2. 2025-11-06 initial thesis

    2025 11 HelloFresh Report 6_11 German Final

    29pp · research_note

    HelloFresh's core meal-kit business is in terminal decline while CEO Dominik Richter pledges 77% of his stock to fund his brother's leveraged real-estate empire — a margin call could crater the stock.