Despite Singapore-based start-up accelerator Eight Mercatus advertising itself as a “dream weaver, and magic maker” for its clients, the aspirations of ASX-listed Holista to work with it nearly landed it in the Singapore High Court.
This whacky tale started when Perth-based health food retailer Holista used its half-year report to complain about Eight Mercatus USA’s “disappointing performance” as a partner paid to distribute dietary supplement products in the US.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
