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Australia: China’s Chevalier burns $148m in mashed potato play

How could a company with 23 per cent of Australia's $625 million potato market go bust? Experts point to razor thin margins and the enormous power of supermarket giants Woolworths and Coles as a large part of the problem for a business which three years ago was making $36 million in profits when Chinese conglomerate Chevalier Group bought a 70 per cent[Read More...]

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