M c PHERSON ’ S CONSUMER PRODUCTS
122 channel to date , brought about thanks to partnerships with domestic partners such as Chemist Warehouse , Priceline and the virtuous cycle created with ABM and manufacturing partners Pharma Cosmetics . MCP has also recently started engaging in jointventure partnerships , buying 51 % of a company ’ s shares and growing it until it is financially viable enough to be bought out . It acquired a stake in skincare brand Kotia , in tanning brand Sugarbaby , and in wellness company Soulful . “ The advantage of joint-venture platforms is that they allow MCP to go from a standing start ,” Brady says .
“ IF I LOOK AT OUR SHARE PRICE TODAY STANDING AT MID $ 2.00 . FOUR MONTHS AGO , WE WERE AT $ 0.75 ”
— Mark Brady Supply Chain Director McPherson ’ s Consumer Products
“ We leverage all our strategic partnerships across a number of key suppliers to enhance the product offering capability in our brands .”
MCP comes from a history of change . Its origins in 1860 as a hardware and tools store saw it participating in the construction of the iconic Harbour Bridge . Although now operating in a different sphere , this legacy of adaptability continues . Four years ago , MCP was $ 68mn in debt . It has shrunk that debt to a tenth the size .
JANUARY 2020