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Sustainability

Impairments, inflation take Princes to steep loss amid sale process

Parent company Mitsubishi has guaranteed its support as long as it remains the majority shareholder, but Princes acknowledged 'material uncertainty' around a change of ownership

By Undercurrent News | Jan. 17, 2024 10:24 GMT
Princes' cans
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UK canned food giant Princes, majority owned by Mitsubishi Corporation, slipped to a dramatic loss in the year ended March 31, 2023, as Italian and UK companies reportedly vie to take it over [...]

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