Connect with us

Hi, what are you looking for?

Jewish Business News


London Listing of BidVest’s Food Service Business Is Off the Table

Brian Joffe

In June, Bidvest CEO Brian Joffe discussed the possibility of listing the company’s food service business on the London Stock Exchange while the market was “buoyant” and borrowing was “cheap” according to Business Daily. Management has decided, however, that the move will not be in the best interests of the company. While the listing would have given the company more international exposure and funding opportunities, the company has decided against the listing. The Food service business accounted for 55% of its revenue but only 35% of trading profit.

Heavy competition for food service in the UK was one reason Bidvest decided against the listing, even though the food market is rather large there. Bidvest is a diversified company that is involved in global services, trading and distribution. After a preliminary review with Barclay’s bank, Bidvest has decided to grow through organic expansion rather than attempting a listing in London.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...


Now Platika joins and elite club of $10 billion plus Israeli firms.