14 May 2019

Fonterra sells Tip Top

From The Panel, 4:37 pm on 14 May 2019

Fonterra is selling the Tip Top heritage band to Froneri. It's a joint venture between PAI Partners and Nestle, which is described as the third largest ice cream manufacturer in the world. Tip Top was sold for $380m. Business commentator Bernard Hickey talks about why Fonterra sold the brand.