Revamped Fonterra to be ‘more capital-efficient’
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.
The ex-dairy boss is – among a myriad business ventures – a director of chicken farm Heyden Farms.
This company has been in the news lately for its bad animal welfare practices (‘colony’ chickens) and now its eggs have been pulled from Countdown supermarkets nationwide.
As your old mate’s confidant opined: “it looks like the chickens are coming home to roost for Hank!” Perhaps a $3.90 dairy payout is not so bad, eh Henry.
