McPherson’s, Chemist Warehouse in Quid Pro Quo
In an unusually generous deal, McPherson’s is placing almost 10% of its capital with the giant Chemist Warehouse Group in exchange for a major distribution agreement.
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Mcpherson’s Limited
McPherson’s, established in 1860, is a leading supplier of health, wellness, beauty, household, and personal care in Australasia, with operations in Australia, New Zealand and Asia. McPherson’s markets and distributes beauty care, hair care, skin care and fragrance product ranges, kitchen essentials such as baking paper, cling wrap and aluminium foil and personal care items such as facial wipes, cotton pads and foot comfort products.
In addition, by managing and representing major international brands together with retailers’ private labels, we are able to provide retail customers with a one-source opportunity for complete category management from product innovation and range development to a menu of how the ranges are delivered and managed in-store.
McPherson’s has a large customer base, servicing approximately 10,000 retail outlets, most of the region’s leading retailers, including supermarkets, discount department stores, department stores, pharmacies and independent housewares stores.
McPherson’s is proud to adhere to the Australian Packaging Covenant, a sustainable packaging initiative which aims to change the culture of business to design more sustainable packaging, increase recycling rates and reduce packaging litter.
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News
McPherson’s Shares Nosedive as Bid Pulled
Shares in struggling Melbourne-based retail supplies group McPherson’s plunged 20% at one stage yesterday after the company's would-be bidder pulled its offer.
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Spoiler Swoops Late on McPherson’s
Sydney based pharmaceutical group Arrotex has entered the McPherson's fray with their offer of $1.60 a share knocking out the existing $1.34 bid by Melbourne rich-lister Raphael Geminder.
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Geminder Stands Pact on McPherson’s Play
A quick turn of events in the going nowhere takeover battle between Melbourne-based multi millionaire, Raphael Geminder and his target, Melbourne-based McPhersons.
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McPherson’s Tells Shareholders to Rebuff Gallin
McPherson’s has formally told shareholders to reject a $172 million takeover offer from Gallin, an entity owned by Melbourne rich lister and Pact Group founder Raphael Geminder.
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Two Retail Suppliers To Watch
Being a supplier to the big bad supermarkets hasn’t been a fun place over the last decade, but two of the sector’s stalwarts are fighting their way out of the retailing wilderness.
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McPherson’s Downgrades, Market Hardly Moves
McPherson’s Ltd (MCP) yesterday joined the downgrade club, cutting its first-half profit guidance, but also escaped the wrath of the market.
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McPherson’s Bound For Another Loss-Making Year
No wonder the announcement by McPherson’s Ltd (MCP) of its 2013-14 interim profit was delayed a week to yesterday.
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McPherson’s Hit By Write-Down
Shares in Sydney-based McPherson’s Limited (MCP) plunged more than 20% yesterday as investors reacted negatively (as they would) to the market update and profit downgrade issued well after trading ended on Tuesday afternoon.
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