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© 2019 AFPCampbell Soup sells Australian biscuit maker Arnott's
By JUSTIN SULLIVAN SYDNEY©2024 GPlusMedia Inc.
The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© 2019 AFP
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Andrew Crisp
If they keep things running good wont be a problem, BUT it is a private equity group who are known for selling up the assets, loading up the company on debt, then getting out via a public float then the new management will have to deal with all the new expenses such rent on factory sites that had been sold off and leased back, high interest expenses because of the new debt, meaning low returns to shareholders and probably employee lay offs.
Mr Kipling
Tim tams are just rebadged Penguin biscuits from the UK!