Dragons' Den winners Neil and Laura Westwood from Magic Whiteboard Ltd joined Theo Paphitis to launch Magic Whiteboard in 75 Sainsbury's in April.
Theo said, “Magic Whiteboard is my most successful investment from Dragons' Den and we're excited about expanding across the UK with Sainsbury's.”
Magic Whiteboard creates a portable whiteboard from a roll which can be used anywhere, in seconds. It clings using static to any hard flat surface and leaves no marks. Write on with any dry marker, wipe clean and reuse. Used by students for revising, in offices and children can draw on it. Deborah Meaden and Theo Paphitis invested £100,000 for 40% of Magic Whiteboard, and it's now their most successful investment with sales of over £1.2 million, Magic Whiteboard also exports to over 20 countries worldwide.
“This is a big moment for us, we're expanding, employing more people and sales are increasing. This deal with Sainsbury's is great news,” commented Managing Director Neil Westwood.
Magic Whiteboard Limited
T: +44 (0)1905 451552
Posted: 25 April 2014
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