Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I have to agree. Aside from the completely different financial position, AN is in a far stronger place for growth with the JD group behind them, a single brand with a broader reach than both SIS & PHD internationally and what looks like modern approach to the brand. If you compare products too, SiS is still living off a product that is almost 20 years old, with zero new products or new sports supported - that I can see. PHD is the same. Nothing has been done since Moon acquired it. I believe one of their protein product lines equates to over 50% of their revenue a big risk in such a competitive market. Also if you are to believe what was claimed here last year, they've had to scramble to save their bars business when they brought it in-house with an inferior bar. I'm desperate to get back in and it's tempting but I'm not seeing any green shoots yet to justify it.
After the tirade of P&D messages, the silence gives us the answer.
😂 looks like the delusional loon, Moon (who loves his sushi) is back behind the keyboard...he had a very similar name for his instagram handle a couple of years ago for those of you that have been following his downward spiral/ journey 🤦🏻
He is indeed, a persistent misfit perhaps looking at the reviews about his approach.
From an event last week, it sounds like lots going on down there. Key members of the leadership are either walking or being let go due to cash flow issues. Brand guy walked. Retail, Amazon and Culture guys let go. Any thoughts would be helpful as I'm having a hard time trying to figure out this business, just seems to be going backwards when others are moving forwards
I see Mr Moon is back behind the keyboard at SiS ;) Not sure is all rosey as I'm hearing of a number of exits and senior redundancies over the past few weeks to save costs as cash flow is a big problem. All hearsay at this point, have asked for more details.
I fear there is just too much going on with THG ATM. Too many moving parts. SiS need to show some decent growth numbers not the measly 2% that they reported from Q1. It's there for the taking if they can sort their business out and execute their international expansion. THQ buy out would be a get out jail free card IMHO
Any update on this from your contacts inside the business?
Let's hope this is the case. Surely an expression of interest will come out of what has been the muddy waters of late. Still crazy cheap and having been in and out on this is that I'm waiting in the wings ready to jump back in. The narcissistic Moon who was clearly lost in yesterday's echoes of what the brand was were the only one holding this one back in IMHO.
Yes, I read this too on Bloomberg. Moulding is an impressive guy and I enjoy his interviews. I'm a cyclist not a gym bunny so not a big protein user but PhD makes up half of their revenue so this can only only be good news for margin. Looking at Amazon this is their shaker range and bar business that will capitalise on this bump. However their volume & distribution is nothing like THG's, especially in international markets which they have had a long history in developing, unlike SIS which is predominantly UK only. I guess there is a lag in this hitting their bottom line too due to their supply chain so maybe one for them to sandbag until '24.
I’m not sure how accurate this actually is but if it is it’s downright inappropriate and utterly reprehensible. How disrespectful to SH’s and the internal team. It’s perhaps an indication of why internal culture appears to be out of control?!
Very insightful and clearly an employee or recent. Looking at Glassdoors and Amazon product reviews there is clearly something up.