EG Group will no longer acquire Oliver’s Real Food, but enter a licence and supply partnership.
The $27m offer amounts to a 53.8 per cent premium on Oliver’s closing share price.
Business sees positive shift from recent leadership restructure.
Founder and former-CEO Jason Gunn returns to business.
Initiatives to boost foot traffic didn’t translate to greatly increased customer numbers.
Chief financial officer Alan Lee resigns from health food chain.
New leadership and initiatives deliver a boost.
Oliver’s loses money for the quarter but is up year to date.
Gunn out three months after losing CEO role.
Recently listed QSR chain undertakes business wide review.