Re: Takeover18 Jan 2020 12:20
PF have known for several years that if they sell off a brand, sales will fall. But this could be negated by the introduction of new sales, brought about by new brands. In plain English, new product innovation has failed, dare I mention Frozen Custard/ Paul Hollywood?
With respect to a takeover, PF can only continue to do what a suitor would have done if they had bought it, that is improve sales. Since GD left, things have worked well. Oasis are now the ''inactive active investor.''
A fair price is realistically 70p and in all fairness to Mc Cormick, their initial 52p bid was reasonable, if Mr Kipling is sold for a good price, who knows.