The gourmet food group with the celebrity chef as its figurehead is losing patience with two smaller dairy businesses which may be sold.
has warned that profits will be crunched $4.2 million lower than anticipated as supply chain disruptions and trouble in its dairy businesses outweigh price rises it has pushed through.who is also a director of the ASX-listed company that accelerated its online presence last year with the $40 million acquisition of HampersMaggie Beer Holdings has celebrity chef Maggie Beer as a director and its figurehead, but the group has run into supply chain strife.sales rising 25.
She foreshadowed a potential sale of the two businesses, which have been a regular drag on the core operations of Maggie Beer products, which include sauces, condiments, pastes, jams, broths and cheese.“The company is exploring all options in relation to these assets,” she said. A strategic review has begun and the company sees the two businesses as “non-core”. Maggie Beer Holdings shares slipped 13 per cent to 40¢ in early trading. They had been as high as 62¢ in mid-February.
Ms Millard said across the business, Maggie Beer Holdings had already implemented price rises in its e-commerce businesses in March. E-commerce sales make up more than 50 per cent of the total. E-commerce revenue is up 166 per cent in the first 10 months of 2021-22.
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