Freedom Foods chairman Perry Gunner and non-executive director Trevor Allen will leave the troubled manufacturer's board after revealing a surprise blowout of more than $590 million in write-downs.
The name behind brands such as kids snacks Messy Monkeys and almond drink Milk Lab will need to raise more than anticipated, up to $280 million of debt to stabilise the company.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
