Libstar wants to simplify operating model as profit falls
Consumer goods group sells lower volumes as consumer demand wanes
12 September 2023 - 09:17
Libstar, whose brands include Lancewood dairy and Denny mushrooms, has announced that it wants to simplify its operating model and reduce product lines, a repeat of previous promises that it would fix its perennially underperforming business.
The consumer goods group reported a major drop in profit in its half year to end-June in a tough economic environment for businesses and consumers alike...
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