Yowie Archives - Inside FMCG
Last July, Aurora Capital abandoned its planned takeover of Yowie.
Aurora Capital has abandoned its planned takeover of troubled chocolatier Yowie after accusing the confectionary company of rationalising a poor performance.
Yowie Group chairman Louis Carroll said that Aurora’s bid “severely undervalues” the company and again urged investors to reject it.
The top headlines from this week.
Chairman Louis Carroll said the bid “undervalues Yowie’s business, brand, intellectual property and significant cash balance”.
The investment firm already holds a six per cent stake in the struggling chocolate company.
The chocolate company reduced its full-year loss by 32%.
Australian chocolate giant announces new exec.
Aussie chocolates releases surprise animal figurines.
Chocolate giant creates new product range just in time for Easter.