Me Today seeks silver lining in BEE+ trouble

Me Today seeks silver lining in BEE+ trouble
Me Today chair Grant Baker said it may be a year before it sees large orders from a key honey buyer. (Image; Supplied)
Dan Brunskill
It's every used car buyer’s worst nightmare: buying a great-looking car only to find an engine problem as soon as the change of ownership has gone through.That's not unlike the situation beauty and health brand Me Today have found themselves in, having acquired King Honey for $36 million in May – then found, 90 days later, that its most important customer was sitting on a large stock of undisclosed inventory.When it was acquired, King Honey had revenue of $16.5m and earnings of $3.9m in the financial year ending March 2021....

More Markets

NZ sharemarket celebrates a near 1% Easter rise
Markets Market close

NZ sharemarket celebrates a near 1% Easter rise

The S&P/NZX 50 Index closed at 12,105.29, up 94.62 points or 0.79%.

Graham Skellern 28 Mar 2024
F&P Healthcare facing $12m bill for product recall
Markets

F&P Healthcare facing $12m bill for product recall

The company will provision the cost in its next full year results.

Staff reporters 28 Mar 2024
Synlait seeking help from major shareholder for $130m debt
Markets

Synlait seeking help from major shareholder for $130m debt

Synlait enters trading halt as it needs more time to come up with cash.