Drop in export and restaurant revenues hurts Libstar sales
09 June 2020 - 20:05
Libstar, maker of the Lancewood range of cheeses and Pringles snacks, reported a drop of almost 10% in two-month sales on Tuesday as a strong showing in its domestic market failed to offset declines in export and restaurant sales.
Libstar, which also makes private-label products for clients such as Woolworths and Shoprite, reaped the benefits of bumper sales due to consumers stockpiling groceries before the lockdown and increased home dining while restaurants were closed...
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