So Libstar, the quiet and unsung business which brings you such brand as Lancewood, Goldcrest, Cape Herb and Denny, is about to up stick and list on the Johannesburg Securities Exchange (JSE). To this end, it’s raised a handsome R1.5bn in capital. Of further interest to punters might be its distribution arrangements with a range of other local and global brands, including Tabasco, Kikkoman, Olitalia, Kiri, Bel, Laughing Cow, Lurpak, Act II, Maille and Villan, and of even more compelling interest might be its richly remunerative stable of private label clients, which include in their number some businesses of which you may have heard, like Woolworths, Shoprite Checkers, Pick n Pay and SPAR. Private label brought in 42% of Libstar’s overall revenue in the ’17. All in all, as the prelisting documentation notes, Libstar is a business with a talent for identifying industry trends and accessing innovative product categories.
Comment: Anyone would think they had read the Trade Intelligence 2018 Retail trends Report! Which they probably have.