Speaking to Print21 Matt Aitken, CEO at IVE, labelled the move as “disappointing”. IVE will take a $35m-$40m hit from the loss of the contract, representing around five per cent of its revenue. The IVE share price fell by 22 per cent on the news, it is currently trading at 62c.
https://www.print21.com.au/news/blow-to-print-as-coles-takes-catalogue-online
What's the problem with those people panic selling the stock..
Ann: Coles Group to Reduce Use of Printed Medium for Catalogues, page-27
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