23rd November 2021 Acquisitions / My Food Bag
CEO Kevin Bowler tells the Ticker what he’s looking for in any acquisition – and it may not have to be in food.
The meal kit company moots an M&A-fuelled, vertically-integrated future.
My Food Bag is planning to expand its Kitchen product range into new categories, untether orders from its meal kits, and shorten delivery times pitting it directly against supermarkets.
Milford Asset Management has increased its holdings in meal kit company My Food Bag to 8.79%.
The meal kit company says it raised prices this month to offset increased ingredients and labour costs.
My Food Bag held its inaugural AGM yesterday with bosses touching on thorny issues following the group’s lacklustre IPO and updating on the group’s new product range performance.
My Food Bag has launched a range of products as part of drive into New Zealand’s $37bn retail food sector.
The meal kit firm has appointed DB Breweries’ Jo Mitchell to be its chief customer officer.
My Food Bag’s chief operating officer Richard Wafer has resigned from the meal kit company.
Meal kit company posts 24% revenue rise and assures investors it is positioned to deliver on IPO expectations.
All eyes will be on the meal kit company to see if it meets its forecasts after a disappointing debut on stock exchanges on both sides of the Tasman.
It will be the firm’s first publicly available results since its listing.
My Food Bag’s debut on the NZX Main Board last week was weaker than hoped, falling to as low as $1.69.
The company is on track to dual list on 5 March with a post-IPO market cap of $449m.