PIES – AUSTRALIA

Patties takes a hot shot at American pie market

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Original article by Patrick Durkin
The Australian Financial Review – Page: 9 : 21-Nov-17

Patties Foods has signed an multi-year deal with National Basketball Association team the Philadelphia 76ers to help it gain a foothold in the US pie market. The club is home to Australian basketball star Ben Simmons. Patties Foods CEO Paul Hitchcock says it will start by selling its famous Four’n Twenty beef pie to spectators at 76ers’ games, rather than trying anything fancy. Hitchcock notes that currently around 24 million Americans eat 21 million pies a year, so given that there are 320 million Americans, there is huge potential for growth.

CORPORATES
PATTIES FOODS LIMITED, NATIONAL BASKETBALL ASSOCIATION, PHILADELPHIA 76ERS, PACIFIC EQUITY PARTNERS PTY LTD, NIKE INCORPORATED, AUSTRALIAN WHOLEFOODS, LEADER FOODS, THE MYER FAMILY COMPANY PTY LTD

Pie Face, pies and football

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 7-Feb-17

A Roy Morgan Single Source survey has found that the number of Australians aged 14+ who like eating pies (and pasties) has grown from 8.1 million (42.6%) to almost 9.4 million people (47.5%) since 2013. The survey, which was carried out in the year to September 2016, also shows that 51.0% of Australians who live in rural areas are partial to pies/pasties, compared with 45.6% of city dwellers. Analysis by gender shows that men comprise 57.4% of pie fans, while 56.4% of AFL supporters and 55.5% of NRL supporters like eating pies/pasties.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE, THE A LEAGUE PTY LTD, PIE FACE PTY LTD

Pie in the sky expansion plans leave investors short

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Original article by Eli Greenblat
The Australian – Page: 20 : 25-Nov-14

Jirsch Sutherland has been appointed voluntary administrator of the collapsed Pie Face fast food outlets chain. It has 78 sites in Australia, and had been pursuing aggressive expansion into overseas markets such as the US before a planned IPO worth about $A150m. In October 2014 the company shut six of its seven stores in New York. There are reports Pie Face sourced close to $A50m over the past four years from high-net worth individuals such as Brazin founder Brett Blundy and US casinos entrepreneur Steve Wynn

CORPORATES
PIE FACE PTY LTD, JIRSCH SUTHERLAND, BRAZIN LIMITED, BB CAPITAL PTY LTD, NM ROTHSCHILD AND SONS (AUSTRALIA) LIMITED, ENERO GROUP LIMITED – ASX EGG, CITIGROUP PTY LTD