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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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