Advertise with fastmoving.co.za
 
 

AVI CEO Simon Crutchley.
AVI CEO Simon Crutchley.

AVI shares jump on news of possible asset sales

RETAILER NEWS

By Robert Laing - Oct 27th 2017, 08:48

Fast-moving consumer goods group AVI’s share price rose 4% to R98.45 on Thursday morning, after AVI announced the potential sale of some of its businesses. 

"Shareholders are advised that AVI has received a number of expressions of interest for certain of the group’s business units which may be value-enhancing for shareholders," the statement said.

Its board had appointed Rand Merchant Bank to assist in evaluating these offers.

AVI’s subsidiaries range from food to cosmetics and also include shoe makers Spitz and Green Cross.

Its food and beverages brands include Five Roses tea, Bakers biscuits, Willards chips and I&J frozen fish.
© BusinessLIVE MMXVII 

Read more about: shares | fmcg | business | avi

Related News

Woolworths carves out market share in SA
27/11/2019 - 10:11
In Australia, David Jones's sales declined 2.1%, with the company saying a store refurbishment contributed to the decline.

Push and pull strategies work together to keep consumers coming back for more
26/11/2019 - 10:20
The retail sector is under increasing pressure as consumers have shrinking disposable income in a strained economy. Maintaining share of wallet is critical. Relying solely on a push route to market strategy from manufacturers into retailers is not enough to get consumers buying products. A pull strategy needs to coexist with the push to drive brand consumption. Integrating these strategies requires intelligent and insightful decision-making. This, in turn, requires data generated through smart technology which provides line of sight across the value chain from manufacturer to distribution, retailer to the consumer.

Today’s customers are loyal to speed and convenience, not brands
25/11/2019 - 11:15
Consumer expectations are rapidly shifting as technologies such as mobile, geolocation, social media and increasingly, Internet of Things devices and wearables, connect people to a world of easily accessible information and convenient services. With the ability to browse, compare and order with a few swipes and taps, consumers are becoming trained to value convenience and service above nearly anything else.

Gearing FMCG manufacturing for the red season spike and maximising profits all year round
25/11/2019 - 11:03
As we enter the festive season, demand for Fast-Moving Consumer Goods (FMCG) increases rapidly, often leaving manufacturers scrambling to fulfill orders from their distribution channel. If demand cannot be met, then loss of revenue is inevitable. However, over-production is not an ideal solution either, as it can leave manufacturers sitting with unsold stock that costs money to store.

Black Friday not necessarily a “black & white” decision for small business growth
25/11/2019 - 10:52
Black Friday, once only a North American marketing frenzy, has become a critical entry in the calendars of South African retail business owners.