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Article: AVI management under less pressure after Tiger backs off.(Business Report)

Article from:
The Star (South Africa)
Article date:
March 9, 2009
Copyright

BYLINE: Tom Robbins

AVI management will breathe easier when it reports interim results today following Tiger Brands' decision to withdraw its proposed offer for the company, but questions will continue to be asked about AVI's strategy.

Analysts had expected a successful takeover would result in Tiger Brands focusing on AVI's core portfolio of food and beauty businesses and forsaking the smaller apparel businesses. This would have resulted in Tiger Brands selling off the shoe components of AVI's fashion business, such as the Spitz retail chain.

Tiger Brands walked away from making a formal offer last week after deciding that without support from ...

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