Taste to offload Maxi’s and Fish & Chip Co

Listed company Taste says it will dispose of two food brands – Maxi’s and Fish & Chip Co – in-line with its new strategy to exit the local food market.

The disposal is subject to a number of conditions, but is expected to become effective on or about 2 December 2019.

The group told shareholders at the start of November that it has adopted a new strategic direction to sell all of the Taste food brands – being Starbucks, Domino’s Pizza, Maxi’s and The Fish & Chips Co.

“The company has, following detailed operational reviews and canvassing potential partners and capital providers, reached the conclusion that Taste should change its strategic direction and exit the food business,” it said.

“The outcome of this strategy would be for Taste to become a focused luxury retail group consisting of NWJ, Arthur Kaplan and World’s Finest Watches,” it said.

Following the disposal of Starbucks earlier in the month, and Maxi’s and Fish & Chip Co now, the only brand in the group’s food stable left to sell is ...

Read the full article here

Source: Business Tech