Yowie Group Limited
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Environmental Challenges
- Declining margins as a result of increasing costs coupled with price rises resisted by contract customers (Ernest Hillier)
- Lawsuit with Whetstone Chocolate Factory and Atlantic Candy Company
- Illiquid shares
Mitigation Strategies
- New leadership team appointed to help realize the full potential of the EH acquisition and the Bluey license arrangement, as well as manage innovative product development and marketing and scale Yowie sales and manufacturing in Australia and New Zealand.
- Settlement agreement reached with Atlantic Candy Company regarding the return of a wrapping machine.
- Appeals process ongoing for the Whetstone lawsuit.