Decimated in value by the rise of weight-loss drugs, the most visible thinning effect of Slimfast during its seven years under Glanbia ownership has been on the investment made by the Irish nutrition group. On Glanbia’s earnings call for the third quarter this Wednesday, chief financial officer Mark Garvey said that the group had completed the disposals of SlimFast US, SlimFast UK, and Body & Fit between September 22 and October 31. Body & Fit was the e-commerce business based in the Benelux and acquired by Glanbia in 2017 for a reported €43.7 million. It was meant to be the…

Want to continue reading?

Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.

Subscribe

Cancel at any time.

Are you already a member? .