Business
Geoff Wilson backs Maggie Beer $40m buy – The Australian Financial Review
The fund manager owns 7.6pc via a private vehicle and will take up his full rights because it’s a ‘cracker of a deal’.
Mr Wilson said the pandemic had hastened a structural shift to e-commerce and the Maggie Beer brand was such a strong one it had been able to accelerate over the past few months, with the latest acquisition to deliver more momentum.
Theres no doubt that the move to online has been a game-changer for a lot of companies, Mr Wilson said.
Maggie Beer Holdings acquired the Hampers & Gifts business from the owners, Emily McWaters and David Morgan. Hampers & Gifts is delivering strong profit margins, and…
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