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Switzer Daily Food Revolution Group (ASX: FOD) could be the turnaround ASX story of the last 12 months. Turnarounds usually occur when a new management team takes over an underperforming business and “turns it around” to become hugely successful for themselves and, within the investment community, shareholders. FOD was an established business, with a valuable asset that previous management failed to maximise. As such, its share price languished. Problematically, while you would recognise FOD’s key brand if you passed it in the supermarket, you’d be hard pressed to find anyone who could tell you that FOD is behind the brand.
–The below is a company sponsored announcement– Food Revolution Group ((FOD)) could be the turnaround ASX story of the last 12 months. Turnarounds usually occur when a new management team takes over an underperforming business and “turns it around” to become hugely successful for themselves and, within the investment community, shareholders. FOD was an established business, with a valuable asset which previous management failed to maximise. As such, its share price languished. Problematically, while you would recognise FOD’s key brand if you passed it in the supermarket, you’d be hard pressed to find anyone who could tell you that FOD is behind the brand.
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