Original article by Su-Lin Tan
The Australian Financial Review – Page: 21 : 24-Sep-14
VIP Petfoods GM Rex Devantier says the Darrell Lea confectionery business is now cash-flow positive and trading on a double-digit multiple. VIP Petfoods bought the company from administrators in 2012, and it has since slashed Darrell Lea’s staff numbers and secured deals to distribute its products via supermarket chains. Devantier notes that Darrell Lea has also launched a range of new products
CORPORATES
DARRELL LEA CHOCOLATE SHOPS PTY LTD, VIP PET FOODS