Ann: Halo Awarded Coles Private Label Tender, page-36

Guys, be extremely cautious about this announcement. I used to tender for these. Margins extremely low at start and continue to get pushed down.by customer as time goes on. They are for a limited term and renegotiations are harsh and if unsuccessful they simply move to next supplier hopeful and f landing a big fish. It's kind of a "Poison Chalice" if you will. The "Devil is in the detail" of the contract and these big boys rarely lose.