Perich family pays high price for Freedom
The billionaire Perich family installed one of their own this week as chief executive of Freedom Foods, which is trying to get to the bottom of a $60 million inventory bungle.
Even in the midst of a major corporate clean-up, flying in a team of Sydney auditors to a regional Victorian town just as Melbourne's second COVID-19 wave gathered pace was a sure sign this was not business as usual.
The Sydney-based PwC team, all braced to quarantine on their return home, were headed to Freedom Foods' Shepparton warehouses, just two hours from Melbourne. They were on a mission to find out exactly how the ASX-listed company let $60 million of UHT milk and cereals go off, forcing the company to destroy the stock.
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