The board of Blue Sky-owned artisan baker Wild Breads has appointed the advisory arm of McGrathNicol, a move that raises doubts about the financial health of the under-seige asset manager’s trophy investment.
In a statement to the Australian Securities Exchange on Wednesday, Blue Sky said that the board of Wild Breads had engaged with Inline Advisory which the company said is the consulting, not insolvency, arm of McGrathNicol.
Blue Sky said the appointment “was to help the board evaluate its business strategy, growth plans and capital structure requirements, including reviewing potential acquisitions”.
Read the full article at: http://www.afr.com/business/blue-skyowned-wild-breads-brings-in-advisors-confirms-advisory-appointment-20180411-h0yn12
