Tiger Brands: Where did it all go wrong?Â
Tiger Brands has long been referred to as a high-quality, blue-chip company that is held by a number of top local asset managers.
Tiger Brands has long been referred to as a high-quality, blue-chip company that is held by a number of top local asset managers.
Tiger Brands has been hit by yet another product quality scandal with the food producer recalling millions of canned vegetable products.
The Tiger Brands CEO will retire this week, leaving the leading packaged-food firm still battling the fallout of a deadly outbreak of listeriosis linked to one of its factories.
RCL Foods says the local market has been flooded with imports of chicken, mainly from Brazil and America, leading to oversupply.
Clover group revenue increased by 7.9% to R8.3 billion supported largely by a 25.7% increase in the fermented products and desserts category.
Executives at RCL Foods must have debated long and hard before deciding to embark on their own version of radical transformation.
Tiger Brands tumbled after Africa’s largest listed packaged-food maker said full-year profit fell as much as 37 percent after one of its plants was blamed for South Africa’s listeriosis outbreak.
Tiger Brands’ second disaster in a decade stems from skewed priorities. The lengthy risk management section of its 2017 annual report ranks “Product quality” last of nine listed risks to the business.