New Zealand's largest manuka honey exporter, Comvita, reports $16.8m net loss and leadership changes following weak demand from China and global economic slowdown.

New Zealand's largest manuka honey exporter, Comvita, reports a $16.8m net loss and plans significant leadership changes. Co-founder Alan Bougen will become a brand ambassador, and acting CEO Brett Hewlett will focus on cost reduction and growth. The board will shrink from eight to six, with a majority of independent directors. Changes follow weak demand from China and the global economic slowdown.

August 12, 2024
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