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LONDON, Nov. 5, 2025 /PRNewswire/ — Doughlicious®, the award-winning international cookie dough brand known for its innovative, snackable novelty treats, is proud to announce an investment from Future Back Ventures by Bain & Company. This partnership represents another major milestone in the brand’s rapid global growth and continued momentum within the better-for-you indulgence space.

Future Back Ventures invests in high-potential businesses founded or led by former Bain & Company professionals. The fund invests across the globe and in different industries, with Doughlicious being their first CPG investment given its alignment with the fund’s focus on forward-thinking ventures that are reshaping industries or categories and resonating deeply with consumers. Doughlicious’ Chief Financial Officer and Co-Founder, Dan Bricken, is a Bain alumnus whose experience at the firm was formative early in his career and continues to influence his approach to leadership and strategic growth.

“It’s incredibly humbling to receive the support of Future Back Ventures. Bain & Company has played such an important role in my professional journey, and I’m thrilled to have them involved,” said Dan Bricken, CFO of Doughlicious. “Their belief in Doughlicious and our mission to reimagine cookie dough as a modern, feel-good indulgence is both personally meaningful and exciting for what’s ahead for our business and brand.”

The investment will help fuel Doughlicious’s continued expansion in the U.S. and globally, following a series of significant growth milestones, including new retail partnerships, product innovation, and an expanding team. The brand recently launched in over 1,000 Kroger stores across the U.S., making its clean ingredients and great tasting frozen dough bites more accessible than ever.

“Doughlicious is a standout example of a purpose-driven, high-growth brand disrupting a traditional category with creativity, innovation, and integrity,” said Ann Scott-Plante, the Head of Future Back Ventures by Bain & Company. “We’re thrilled to support Dan, Kathryn, and the Doughlicious team as they bring joy and quality to consumers worldwide.”

Founded in London by Kathryn Bricken, Doughlicious has quickly gained a passionate following for its clean-label, gluten-free, and sustainable approach to indulgence, crafted from premium ingredients and available in a range of delicious flavors.

With support through Future Back Ventures, Doughlicious continues to cement its place as a global leader in the next generation of better-for-you treats.

About Doughlicious The London Dough Co.:
Doughlicious is a proudly female-founded and operated business on a mission to redefine the cookie dough experience by creating the ultimate snackable treat. Focused on better-for-you ingredients and sustainable practices, the brand brings a fresh perspective to the frozen snackable treat category. Doughlicious’ frozen cookie dough & gelato bites are certified gluten-free, free from added refined sugars and white bleached flour, and contain no artificial additives or preservatives. Doughlicious products are available in over 8,000 retail stores across the US, UK, parts of Europe and the Middle East. For more information, visit https://doughlicious.co.uk/, Instagram and TikTok. 

About Bain & Company Future Back Ventures (FBV)
Future Back Ventures by Bain & Company invests in promising, early stage, Bain Alumni-led companies and provides portfolio companies access to the best of Bain through strategic consulting support, talent, community, tools, and resources.

Media Contact:
Whitney Spielfogel
[email protected]
+1-516-316-4201

SOURCE Doughlicious®

By Greg Robb

Short-dated bill auction sizes will be reduced in December before increasing in the following month

Analysts said there was still uncertainty over Treasury Secretary Scott Bessent’s long-term debt-management strategy.

The refunding: Treasury announced Wednesday it would sell $125 billion in notes and bonds next week – the same amount as last quarter. This issuance will refund $98.2 billion of notes maturing on Nov. 15 and raise new cash of approximately $26.8 billion.

The department will auction $58 billion of 3-year Treasury notes BX:TMUBMUSD03Yon Nov. 10; $42 billion of 10-year notes BX:TMUBMUSD10Yon Nov. 11; and $25 billion of 30-year bonds BX:TMUBMUSD30Y on Nov. 12.

Auction sizes: Treasury repeated its guidance that coupon auction sizes will remain steady “for at least the next several quarters.” However, the agency said it “has begun to preliminarily consider future increases to nominal coupon and floating rate note auction sizes.”

Bill issuance: Treasury said that based on current fiscal forecasts, it expects to modestly reduce the short-dated bill auction sizes during December. But by the middle of January, the department anticipates increasing bill auction sizes.

Treasury buybacks: Treasury said it would purchase up to $38 billion in off-the-run securities across buckets for liquidity support and up to $25 billion in the 1-month to 2-year bucket for cash-management purposes. Treasury said it expects to resume cash-management buybacks in December after pausing them in the September tax period.

Big picture: Analysts are debating when coupon sizes will need to be bumped higher once again. Treasury has held auction sizes steady since April 2024.

Stephen Stanley, chief U.S. economist at Santander, said he thought the current schedule of coupon issue sizes could last for the majority of 2026.

Thomas Simons, chief U.S. economist at Jefferies, said he thought the Treasury would not need to increase nominal coupon auction sizes for the duration of the fiscal year through Sept. 30.

Simons noted that there were “a number of wildcards” that could impact Treasury’s financing needs. He noted the Supreme Court’s ruling on President Donald Trump’s tariffs might eventually require the Treasury to refund hundreds of billions in collections. Additionally, personal income-tax refunds may be higher than they have been in recent years due to the Republican budget package passed in July, he said.

Will Compernolle, economist at FHN Financial, noted that Bessent has said he believes the best path for financing Treasury debt is through more bills now and longer-maturity issuance later.

Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets, said there was still uncertainty over Bessent’s long-term issuance strategy.

-Greg Robb

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