European Growth Leaders 2026

Annual ranking data providerLSEG WorkspaceUsed with permission · acknowledgements

An independent research observatory tracking Europe’s listed growth companies.

By Francesco Castellaneta

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Annual rank3

Italy · Consumer Non-Cyc.

NewPrinces

NewPrinces lists dairy, pasta, bakery, ready meals, canned foods, beverages, plant-based alternatives and baby-food products among its categories.

+299%revenue growth
FY2022–FY2025
+5928%net-income growth
FY2022–FY2025
+346%stock return
FY2022–FY2025
−7%2026 stock return
current context only

Company profile

Products, brands and footprint

NewPrinces is a vertically integrated food-and-beverage and retail group. It combines 33 production sites worldwide, more than 30 key brands and approximately 1,000 stores in Italy across categories ranging from pasta, canned fish and tomatoes to beverages, dairy and specialised nutrition. Its portfolio links historic consumer names with contract manufacturing, research, product development and distribution.

Products and services

A portfolio built around everyday food

Plants across the group make pasta, pulses and tomato preserves, canned fish and ready meals. The range also covers juices, soft drinks, spirits, dairy, bakery and infant nutrition; Napolina's recipe library shows how some of these products reach the kitchen.

Brands

Names with distinct market histories

Napolina brings pasta, tomatoes and oils to UK kitchens; Princes spans more than 350 food and drink products. Plasmon has specialised in infant nutrition since 1902 and operates a controlled raw-material programme launched in 1981. GS returned in August 2026 as the reference retail brand; Birkel and 3 Glocken add German pasta histories dating to 1874 and 1884.

  • Napolina Italian cooking ingredients for the UK market
  • Princes More than 350 food and drink products
  • Plasmon Infant nutrition since 1902 and controlled raw-material sourcing
  • Birkel German pasta brand founded in 1874
  • 3 Glocken German pasta brand founded in 1884
  • GS The historic name relaunched as NewPrinces' reference retail brand

Geography and footprint

Named businesses across six production countries

Princes Italia operates sites including Foggia, Eboli and Ozzano Taro; Princes Group is headquartered in Liverpool and Newlat in Mannheim. The network also reaches France, Poland and tuna operations in Mauritius.

Operating model

From manufacturing to the end consumer

NewPrinces links Princes Italia's manufacturing, GS S.p.A.'s store network and specialist businesses such as Princes Ready to Drink and Plasmon. It serves branded retail, B2B contract manufacturing and Ho.Re.Ca., with co-development and R&D connecting product design to distribution.

Current 2026 update

What is changing at NewPrinces in 2026?

NewPrinces has moved beyond acquiring Carrefour Italia and Plasmon. Effective 1 August, the retail companies were legally reorganised into GS S.p.A. and GS was chosen as the reference retail brand; the store rollout will be gradual. H1 2026 results show Q2 operating improvement, while the much larger revenue base mainly reflects acquisitions completed late in 2025.

Latest official evidence NewPrinces Published 15 September 2026

The change in one sentence

GS gives the factory-to-shelf strategy its own consumer brand.

The strategic experiment is no longer only ownership of stores: NewPrinces is creating one retail identity intended to connect production, logistics, pricing and the daily relationship with shoppers.

Four lenses on 2026

The same four-quadrant format used in the Company profile.

01 · The retail identity

The Carrefour acquisition is being reorganised around GS

Effective 1 August, the previous GS S.p.A. and Princes Retail S.p.A. were incorporated into Princes Property S.p.A., which was renamed GS S.p.A. GS was chosen as the reference brand for NewPrinces' retail activities. The group plans gradual renovation and modernisation across formats; the Italian network has approximately 1,000 stores, including approximately 750 franchises, plus online grocery services.

  • Current signalGS brand · approximately 1,000 stores · approximately 750 franchised
  • Why it mattersA group-controlled retail identity can make pricing, assortment and store renewal visible to shoppers, but a rename alone does not prove customer adoption.
  • GS relaunch NewPrinces · 2026-08-04

02 · Specialist brands

Brand ownership now sits beside a production platform acquired in 2015

The Plasmon transaction brought Plasmon, Nipiol, BiAglut, Aproten and Dieterba into NewPrinces. The deal closed on 31 December 2025 and entered the consolidation scope on 1 January 2026. NewPrinces says it completes a process begun with the 2015 acquisition of the Ozzano Taro production platform and brings historic production assets and specialist brands under common ownership; operating benefits still have to be demonstrated.

  • Current signalFive specialist brands · Ozzano Taro
  • Why it mattersSpecialist nutrition depends on trusted brands, product development and controlled production, not only retail volume.
  • Q1 report NewPrinces · 2026-06-01
  • Plasmon NewPrinces · checked 2026-08-28

03 · H1 2026 · Operating performance

A larger perimeter is moving toward stronger operating profit

H1 consolidated revenue reached EUR 3.04 billion, versus EUR 1.31 billion a year earlier, primarily because of acquisitions completed in late 2025; comparable sales volumes were broadly stable. H1 EBITDA was EUR 170.1 million, up 64.1%, and Q2 EBIT was positive at EUR 19.1 million after a Q1 operating loss of EUR 4.4 million. H1 net income remained negative at EUR 5.8 million.

  • Current signalH1 EBITDA EUR 170.1m; Q2 EBIT EUR 19.1m
  • Why it mattersThe operating turnaround is visible in Q2, but acquisition-driven scale and a half-year net loss warrant separate assessment.
  • NewPrinces 2026-09-15

04 · What to watch

Three questions for the next disclosures

Three tests distinguish an integrated consumer platform from a collection of acquired assets.

  • The GS rolloutHow many stores and formats adopt the GS identity over the gradual rollout, and what changes in store design, online grocery and the franchise network?
  • Price and volumeDoes the move toward market-price parity attract shoppers and comparable volume while sustaining the Q2 operating improvement reported in H1?
  • Factory-to-shelf evidenceDo logistics, assortment, availability or new Plasmon products provide measurable evidence for connecting the production network with Italian retail stores?

Annual record

Ranking history

Future editions add rows; they do not rewrite the 2026 record.

EditionMeasurement periodRankRevenue growthNet-income growthStock return
2026FY2022–FY20253+299%+5928%+346%