Wessanen has sold Tree of Life UK
(Thomson Reuters ONE) -
Following a strategic review, announced in February 2011, Wessanen has sold its
UK subsidiary Tree of Life UK to a trade buyer. This move is fully in line with
Wessanen's strategy to focus on higher added value wholesale activities in the
Wessanen Europe Health Food Stores segment. In the UK, the company will focus on
its branded grocery business Kallo Foods Ltd, with brands including Kallo and
Whole Earth.
In 2010, Tree of Life UK reported net revenue of ?41 million. It has been sold
for an undisclosed amount. A book loss of ?3.3 million will be reported under
'operating result (EBIT)' at Wessanen Europe HFS in Q2 2011. In addition,
following divestment in July, a net cumulative exchange loss deferred in equity
of about ?2 million will be reported under EBIT in Q3 2011.
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For more information
Carl Hoyer (VP Corporate Communications)
Phone +31 (0)20 3122 140 / +31 (0)6 123 556 58
Emailcarl.hoyer(at)wessanen.com / investor.relations(at)wessanen.com
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Download the full press release (PDF, 64k):
http://hugin.info/143317/R/1531838/466334.pdf
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Source: Royal Wessanen nv via Thomson Reuters ONE
[HUG#1531838]
Unternehmensinformation / Kurzprofil:
Datum: 19.07.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 56500
Anzahl Zeichen: 1767
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Town:
AT Amsterdam Zuidoost
Kategorie:
Business News
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