Glanbia activist’s break-up calls fail to excite investors – so far

Irish Times | May 7, 2022 at 7:37 AM
  • Two weeks after disclosing it had built up a small stake in Glanbia, German activist investor Clearway Capital thought it was time, on the eve of the company’s annual general meeting on Thursday, to share some thoughts.
  • Ferrari called on Glanbia to change the messaging around the GPN’s SlimFast brand, for which Glanbia paid $350 million (€301 million) in 2018, from being “dieting” and towards a “healthy lifestyle” – or risk “permanent impairment” to the label.
  • The share reaction to the earnings upgrade was a 3.3 per cent rise on the day.