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Dive brief:
Dive Insight:
Since handling Han two years ago, Davidson has preferred stabilization Struggle of the company’s portfolio To bring them into a position for development or potential sale,
It is not surprising to see that Hen is detecting options for his personal care business, which creates a small amount of sales. Lotional and shampoo are also common with the lion part of their portfolio, which are built around food and drink brands such as Celesting Tea, Greek Gods curd and garden vesti snacks.
If Han sells personal care, it can use income to invest in your food and drink Business Or To Both priorities, loans for the company.
A large part of stabilizing the business involves reducing the number of SKU. This is one of the main reasons that net sales declined by 40% during the previous year to the second quarter.
Davidson said Han is ahead of his goal To InappropriateDaring Margin and stabilizE Sales in personal care. The remaining brands in the segment are number 1 or number 2 in their categories within the natural channel.
“A lot of work has been done. Davidson said in an interview with a food dive on Monday, “We will hand over four brands that are really different from their competition in natural and clean ingredients, so that they can become authentic and walk with them.” “From that point of view, I feel that it will be good for those brands, good for our company and good for another company.”
Han hopes to reach a decision on personal care before its financial year before ending June 30.
