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)

Tue, 05 Oct 2021

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....

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