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Tiger Brands' turnaround continues: Keeps King Foods, sells Beacon

Tiger Brands announces a strategic reorganisation, retaining its profitable King Foods business while selling the 95-year-old Beacon chocolate brand as part of a broader turnaround plan.

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businessday.co.za

iol.co.za

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AI · summaries

iol.co.za3 mesi fa

Tiger Brands plans to divest Beacon brand while retaining popular chocolates

Tiger Brands is selling Beacon (owned since 1999), keeping TV Bar and Jelly Tots; CEO Kruger cited no competitive edge in chocolate. Classic M&A portfolio pruning: focus capital on core, higher-margin units — Grains posted +91.7% operating income in H1 2026.

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businessday.co.za3 mesi fa

Tiger Brands confirms Beacon chocolate disposal amid portfolio reset

Part of broader strategy to streamline business and prioritise stronger-performing segments

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Timeline cronologica

lunedì 1 giugno 2026·businessday.co.za
Tiger Brands confirms Beacon chocolate disposal amid portfolio reset
Part of broader strategy to streamline business and prioritise stronger-performing segments
lunedì 1 giugno 2026·iol.co.za
Tiger Brands plans to divest Beacon brand while retaining popular chocolates
Tiger Brands has announced the sale of its iconic Beacon brand, known for its beloved chocolates and sweets, while retaining popular products like TV Bar and Jelly Tots. What does…