Booker wants out of agri-business
FOODS group Booker is considering selling its agri-business interests – including its turkey farms and chicken companies in the USA – as part of a major strategic review.
The company dismissed chief executive Charles Bowen after last years pre-tax profits fell 17.9% to £76.1 million. Turnover rose 18.5% to £5.2bn.
Jonathan Taylor, chairman of Booker, said Bowen failed to deliver on expectations since he was appointed four years ago. Alan Smith, chairman of Storehouse, has since been appointed deputy chairman.
- Financial Times 18/03/98 page 43
- The Independent 18/03/98 page 14
- The Daily Telegraph 18/03/98 page 21
- The Times 18/03/98 page 29, page 32 (Tempus)
- The Scotsman 18/03/98 page 21