How Zoe Foster-Blake could buy back Go-To and keep her millions
When cosmetics company BWX bought the skincare company, it had a $100 million problem from the get-go. Now that’s playing out with damaging consequences for shareholders.
When ASX-listed cosmetics company BWX acquired Zoe Foster-Blake’s Go-To Skincare in August last year, I wrote that it was really only half a deal and the final payment might create a huge problem.
Foster-Blake sold a little over half her business but could compel BWX to buy the rest for a price that was not disclosed at the time.
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Adir Shiffman is executive chairman of Catapult Sports and a serial investor and entrepreneur. Connect with Adir on Twitter.
