"But is this the end of the sultana producer's pain? Murmurings from the organic food world (populated mainly by bearded men on vintage bicycles listening to Louis Armstrong playlists) suggest Woolworths – which reportedly has a change of ownership clause in its contract with MRG subsidiary Pacific Organics, acquired before the December float – is keeping a close watch. According to the Prospectus, 70 per cent of MRG's revenue is courtesy of the two leading supermarket giants, Woolworths and Coles. Losing half of that would not be pretty."
From the Fin Review today. I will hold on to my shares for now but I am certainly not looking to top up!
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Ann: Harvest Update and Revised Earnings Guidance, page-56
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