2017 August Edison Report
A focused expansion strategy
Cooks Global Foods has recast its strategy to focus on economically buoyant markets in China and the US, while building on successful trading in the UK, Ireland and the rest of the world, mainly the Middle East. It has well-established partners for its Chinese joint venture and plans majority-owned entities in the US that will make the most of market-experienced operators there. Its strategy therefore maximises funding opportunities while minimising geographical market risk.
Efficiently funded for growth
A substantial fund-raising project guaranteed to raise NZ$10m of equity before expenses, with NZ$5.3m of that already concluded and the remainder underwritten, means that the balance sheet is now efficiently structured for growth. In addition, the shared structure of the major expansion project in China brings financing as well as commercial partnership, and US expansion is intended to be self-funding.