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Real Good Food in £43m sale of Brighter Foods to THG Real Good Food (RGF) has agreed to sell its snack bar business Brighter Foods to THG for £43m, allowing it to focus on its cake decoration subsidiaries Renshaw and Rainbow Dust Colours. RGF, through its subsidiary NBF, has an 84% stake in the issued share capital of Brighter Foods, which operates a factory at the Pendre Industrial Estate, Tywyn, in Wales. The balance was owned by Brighter Foods s managers. RGF itself would therefore receive cash proceeds of £35.6m from the deal. The net assets being disposed of amount to £17.3m, resulting in a profit on disposal of an estimated £20.4m. Brighter Foods claims to have the capacity to make a million bars a day for brand partners across the globe in the slimming, sport, organic, free-from and other markets. ....
LUCAS K DOOLAN New baches making new memories - this is the NZIA award-winning Picot bach in Marahau on Tasman Bay, designed by Mitchell Stout Dodd Architects. We all get nostalgic about traditional 1950s baches and cribs, but there’s a whole new wave of contemporary versions that are making new holiday memories for families that will be just as nostalgic in years to come. Here at Stuff we get to see the very best of the new baches, and, yes, a couple could more rightly be called beach houses. But they all have much in common with those character baches of yesteryear. ....