Tiger Brands
{{Short description|South African packaged goods company}}
{{EngvarB|date=May 2013}}
{{Use dmy dates|date=November 2022}}
{{Infobox company
| name = Tiger Brands
| logo = Tiger Brands Logo.png
| logo_size = 200px
| type = Public company
| traded_as = {{JSE|TBS}}
| predecessor = Tiger Oats
| successor =
| founder =
| defunct =
| fate =
| area_served = South Africa and Selected Emerging Markets
| key_people = Khotso Mokhele (Chair)
Tjaart Kruger CEO
Thushen Govender CFO
| industry = Consumer Goods
| products = Over one hundred covering a variety of packaged goods and foodstuffs.
| services =
| revenue = {{loss}} R28.5 Billion (FY 2018){{cite web |url=http://www.tigerbrands-online.co.za/results/annuals-2018/index.php |title=INTEGRATED ANNUAL REPORT 2018 |publisher=Tiger Brands |access-date=7 August 2019}}
| operating_income = {{loss}} R3.3 Billion (FY 2018)
| net_income =
| aum =
| assets = {{loss}} R23.928 Billion (FY 2018){{Cite web|url=http://www.tigerbrands-online.co.za/results/annuals-2018/pdf/booklet.pdf|title=Tiger Brands Annual 2018|date=30 September 2018|website=Tiger Brands|access-date=7 August 2018}}{{rp|12}}
| equity = {{profit}} R17.465 Billion (FY 2018){{rp|12}}
| owner =
| num_employees = 20 591
| parent =
| divisions =
| subsid = 41
| homepage = {{URL|tigerbrands.com}}
| footnotes =
| intl =
| caption =
| foundation =
| location_city = Bryanston, Gauteng
| location_country = South Africa
| location =
| locations =
}}
Tiger Brands Limited ({{JSE|TBS}}) is a South African packaged goods company.{{Cite web |title=These are the biggest consumer goods companies in Africa |url=https://businesstech.co.za/news/finance/184513/these-are-the-biggest-consumer-goods-companies-in-africa/ |access-date=2022-04-10 |language=en-US}} In addition to the company's South African operations, Tiger Brands has direct and indirect interests in international food businesses in Chile, Zimbabwe, Mozambique, Nigeria, Kenya, Lesotho and Cameroon.{{Cite web|url=https://www.google.com/finance?q=JNB:TBS|archive-url=https://web.archive.org/web/20090311071949/http://www.google.com/finance?q=JNB:TBS|url-status=dead|archive-date=11 March 2009|title=JNB:TBS – Google Finance Search|website=google.com|access-date=2017-08-31}} Tiger Brands is South Africa's largest food company.[https://www.bloomberg.com/news/2010-06-20/remgro-telkom-tiger-brands-may-move-south-africa-stock-market-preview.html BHP, Blue Financial, Remgro, Telkom, Tiger: South African Equity Preview], By Janice Kew, Bloomberg, 21 June 2010.
History
File:Imperial Cold Storage.svg
File:Tiger oats 01.jpg.]]Jacob Frankel with help from Joffe Marks founded Tiger Oats Limited in 1921. Tiger Brands Limited was formerly known as Tiger Oats Limited and began as a family business. File:Jungle Oats 1930 & 2010 box.png
Originally known as Tiger Oats, Tiger Brand's first product was a breakfast oatmeal brand called Jungle Oats. Jungle Oats are still produced by the brand. It was first conceived by Frankel towards the end of the 19th century and was finally launched in 1925. Tiger Oat's first mill was opened in Moorreesburg, Western Cape. A second mill was opened in Maitland, Cape Town when demand outgrew the Moorreesburg mill's capacity in 1930. The Moorreesburg mill was abandoned in about 1987.[http://www.tigerbrands.co.za/Brands/DomesticFood/Grains/jungle/Information.htm Jungle Oats brand history] {{Webarchive|url=https://web.archive.org/web/20110520211610/http://www.tigerbrands.co.za/Brands/DomesticFood/Grains/jungle/Information.htm |date=20 May 2011 }}, retrieved 6 July 2010 In March 1982 Barlow bought a considerable share of Tiger Oats.{{cite book |title=Ice Cold in Africa: The History of Imperial Cold Storage & Supply Company Limited |last=Brooke Simons |first=Phillida |year=2000 |publisher=Fernwood Press |location=Cape Town |isbn=1-874950-50-4 |pages=237–246 }}
In 1988 SPAR South Africa became a wholly owned subsidiary of Tiger Oats, however it was unbundled and listed as a separate company in 2004.[http://www.tradeintelligence.co.za/TradeProfiles/SPAR.aspx Trade Intelligence – SPAR], accessed 2 October 2010 During the late 1990s Tiger Oats went through a period of rapid expansion. It bought out other large companies and competitors such as Imperial Cold Storage and Supply Company, a food packaging company (in October 1998) and pharmaceutical company Adcock Ingram for R3.4bn in 1999.[http://allafrica.com/stories/199910070054.html Business Day: Tiger Oats Bids For All], 7 October 1999 After the buyouts Tiger Oats was renamed Tiger Brands. In July 2008 Adcock Ingram was unbundled from Tiger Brands.
Tiger Brands Limited's subcompany, Tiger Food Brands Ltd merged with Bromor Foods (Pty) Ltd, which owns the Super Juice carbonated drink.Competition Tribunal of South Africa article on the merger and details. (PDF file) http://www.comptrib.co.za/%5Ccomptrib%5Ccomptribdocs%5C488%5C33LMApr06.pdf On 1 October 2009, the company acquired Crosse & Blackwell's mayonnaise business for an undisclosed amount.[http://www.alacrastore.com/company-snapshot/Tiger_Brands_Ltd-1019877 Thomson Reuters Business Description: Tiger Brands], retrieved 21 July 2010[http://www.businessday.co.za/articles/Content.aspx?id=71715 Business Day: Tiger Brands buys Crosse & Blackwell from Nestlé], Published: 2009/05/25
In 2008 Tiger Brands launched an aggressive expansion program into the rest of Africa. In the process the company bought a controlling stake in a number of food processing businesses in Nigeria, Kenya, Ethiopia, and Cameroon.{{Cite web |url=http://www.financialmail.co.za/coverstory/2016/07/15/tiger-brands-sharpening-its-claws|title=Tiger Brands sharpening its claws |last=Thomas |first=Stafford|date=15 July 2016|work=Financial Mail|access-date=26 July 2016}}
This included a R1.5 billion purchase of 65.7% in Dangote Flour Mills in October 2012, Nigeria's second largest milling operation. This and other investments in Africa proved to be costly and unproductive. Over capacity in the Nigerian market led to an operating loss of R2.7 billion by the time Tiger sold back the operation to Dangote for a token one US dollar three years later in 2015. Management issues in Tiger's Kenya operations and the collapse of its Mozambican distributor and Deli Foods subsidiary also negatively impacted the company in this period. This led to then CEO Peter Matlare to resign in November 2015 and a reorganisation of its non-South African operations.
= Current leadership =
Noel Doyle was appointed chief executive officer with effect from 1 February 2020. Pamela Padayachee was appointed acting Chief Financial Officer with effect from 1 February 2020.
Scandals
= Listeriosis outbreak =
{{see also|2017–18 South African listeriosis outbreak}}
Tiger Brands was implicated in the world's largest listeriosis outbreak in March 2017 when polony produced at a factory in Polokwane‚ Limpopo by its subsidiary company, Enterprise Foods, was found to be the source of the outbreak by the South African National Institute for Communicable Diseases and announced by the Minister of Health.{{Cite news|url=https://www.timeslive.co.za/news/south-africa/2018-03-04-breaking-enterprise-polony-identified-as-source-of-listeria-outbreak/|title=Enterprise polony identified as source of listeria outbreak|access-date=2018-03-05|language=en-US}} The outbreak caused the deaths of 164 people and infected a further 872 people by 24 February 2018.{{Cite news|url=https://www.iol.co.za/business-report/companies/tiger-brands-rcl-foods-lost-r57-billion-in-one-day-after-listeriosisoutbreak-13603415|title=Tiger Brands, RCL Foods lost R5.7 billion in one day after #ListeriosisOutbreak {{!}} IOL Business Report|access-date=2018-03-05|language=en}} By 5 March 2018 a total of 180 people were thought to have died from the outbreak. Tiger Brands stated that they had been presented with no evidence of their facility being the cause of the outbreak.{{Cite news|url=http://ewn.co.za/2018/03/05/no-evidence-yet-of-link-between-listeriosis-deaths-tiger-brands-products|title=No evidence yet of link between listeriosis deaths, Tiger Brands products|last=White|first=Ray|access-date=2018-03-05|language=en}} Following the announcement by the Minister of Health the company's stock price dropped by 7% resulting in R5.7bn (US$438.69 million) reduction in market capitalisation.
= Price-fixing scandals =
==Bread==
In mid-November 2007 Tiger Brands was fined R98.8 million (roughly equivalent to US$12.8 million at the immediate spot exchange rate at the time){{cite web |title=Trusted Global Currency Exchange & Money Transfer Solutions |url=http://www.xe.com/ |website=www.xe.com |publisher=XE.com |access-date=16 May 2023 |archive-url=https://web.archive.org/web/20230516093736/https://www.xe.com/ |archive-date=May 16, 2023 |language=en |url-status=live}} by the South African Competition Commission for colluding with other bread producers to raise the price of bread by between 30c and 35c per loaf.[http://www.moneyweb.co.za/mw/view/mw/en/page1743?oid=170321&sn=Detail MoneyWeb: "Tiger Brands admits to bread price-fixing, pays fine"], 13 November 2007
According to the commission the four companies involved (Premier Foods, Tiger Brands, Foodcorp and Pioneer Foods) controlled more than 90 percent of the wheat flour market at the time. Facilitating their pricing activities through secret meetings and telephone calls between employees of these firms at various venues, including churches, stadiums and hotels. The commission also found that the price-fixing activities had a negative effect on both consumers as a whole as well as inhibiting smaller bakeries from being effective competitors.[http://www.moneyweb.co.za/mw/view/mw/en/page91?oid=474606&sn=Detail&pid=91 MoneyWeb: "Watchdog refers wheat milling cartel to Tribunal"], 15 March 2010
The fine reflected 5.7% of Tiger Brand's bread sales, coming mostly from its Albany brand, for the 2006 financial year. Tiger Brands took full responsibility and then CEO Nick Dennis resigned.[http://www.busrep.co.za/index.php?fSectionId=552&fArticleId=4163240 Business Report: "Tiger Brands Limited. Price-fixing saga bites Tiger Brands chief"], 7 December 2007
==Adcock Ingram Critical Care==
In May 2008 Tiger Brands agreed to pay a R53.5 million fine for alleged anti-competitive practices in its health care subsidiary Adcock Ingram Critical Care (AICC). AICC executive Arthur Barnett was suspended until the investigation was concluded.[http://www.tigerbrands.co.za/Brands/Default.htm Adcock Ingram Critical Care (Proprietary) Limited ("AICC")] {{Webarchive|url=https://web.archive.org/web/20100916231606/http://www.tigerbrands.co.za/Brands/Default.htm |date=16 September 2010 }}, Tiger Brands website, 9 May 2008, retrieved 2 February 2011[http://www.moneyweb.co.za/mw/view/mw/en/page295046?oid=206283&sn=2009+Detail&pid=292520 MoneyWeb: "Tiger Brands' Adcock Ingram to pay R53,5m for price fixing"], 9 May 2008 In July 2008 Tiger Brands stated that it was going to unbundle its entire Adcock Ingram subsidiary with each Tiger Brands shareholder receiving one share in Adcock Ingram for every Tiger Brands share they owned.[http://www.fin24.com/Companies/Tiger-to-unbundle-Adcock-Ingram-20080721 "Finance24: Tiger to unbundle Adcock Ingram"], 21 July 2008
Subsidiaries
Over the years Tiger brands has acquired various subsidiary organisations:
class="wikitable"
|· Designer Group |
· Durban Confectionery Works Proprietary Limited |
· Enterprise Foods Proprietary Limited |
· Langeberg Holdings Limited |
· Langeberg & Ashton Foods Proprietary Limited |
· Tiger Food Brands Intellectual Property Holding Company Proprietary Limited |
· Tiger Consumer Brands Limited |
· Tiger Brands (Mauritius) Limited |
· Haco Industries Kenya Limited |
· Chocolaterie Confiserie Camerounaise |
· Deli Foods Nigeria Limited |
· East Africa Tiger Brands Industries |
· Davita Trading Proprietary Limited |
· Pharma I Investment Holdings Limited |
· Tiger Branded Consumer Goods plc |
· Other miscellaneous, property, investment and dormant companies |
Brands
Brand (country if not in South Africa, year of acquisition and/or launch){{cite journal |title=Profiles's Stock Exchange Handbook: October 2010 – January 2011 |journal= Profile's Stock Exchange Handbook|year=2010 |publisher=Sasfin |location=Johannesburg, South Africa |issn=1680-0036 |page=357 }}[https://archive.today/20120905022014/http://www.mbendi.com/orgs/cac9.htm Mbendi – Tiger Brands Ltd (TIGBRANDS)], accessed 2 October 2010
{{hidden begin
|title = Baby Products
|titlestyle = text-align:left;background:lightgrey;width:50%;
|bodystyle = text-align:left;
}}
{{columns-list|colwidth=30em|
- Purity baby food
- Elizabeth Anne's & Purity baby food
- Natural Good Nights baby sleep and scent oils
- Sun Smart Baby Range sunscreen
- Elizabeth Anne's & Purity Special Baby Shampoo
- Elizabeth Anne's & Purity Baby Aqueous Cream
- Elizabeth Anne's & Purity Baby Aqueous Lotion
- Elizabeth Anne's & Purity Baby Perfumed Jelly
- Elizabeth Anne's & Purity Baby Barrier Cream
- Elizabeth Anne's & Purity Baby Cornstarch Powder
- Elizabeth Anne's & Purity Baby Oil
- Elizabeth Anne's & Purity Baby Powder
- Vi-Daylin
- Telament
- Phipps Milk of Magnesia
- Muthi Wenyoni
- Antipeol
}}
{{hidden end}}
{{hidden begin
|title = Packaged Food
|titlestyle = text-align:left;background:lightgrey;width:50%;
|bodystyle = text-align:left;width:50%;
}}
{{columns-list|
- All Gold
- Black Cat (1926)
- Colman's mustard
- Fatti and Moni's spaghetti (1982)
- Ice Cap
- Benny Stock
- Koo canned foods (1940)
- Spray & Cook cooking oil
- Mrs H. S. Ball's Chutney
}}
{{clear}}
{{hidden end}}
{{hidden begin
|title = Beverages
|titlestyle = text-align:left;background:lightgrey;width:50%;
|bodystyle = text-align:left;width:50%;
}}
{{columns-list|
- Energade energy drink (1993)
- Halls fruit juice (1999)
- Oros flavoured drink mix
- Jolly Jus
- King Korn, sorghum beer mix
- Kings Brew, sorghum beer mix
- Davita
- Maltex, hot wheat cereal
- Mnanti, sorghum beer
}}
{{clear}}
{{hidden end}}
{{hidden begin
|title = Candy & Sweets
|titlestyle = text-align:left;background:lightgrey;width:50%;
|bodystyle = text-align:left;width:50%;
}}
{{columns-list|colwidth=30em|
- Ambrosoli (Chile, 2001)
- Anytime (1990)
- Beacon Allsorts
- Beacon Slabs
- Beacon Fizz Pops
- Beacon Smoothies
- Beacon Sprikles
- Fizz Pop Magic Planet
- Fruit Chews
- Inside Story chocolate bar
- Maynards
- Superfine Chocolate
- Nosh Bar
- Now Bar
- Nut Puffs
- Tinkies
- TV Bar
- Wonder Bar
}}
{{hidden end}}
{{hidden begin
|title = Grains
|titlestyle = text-align:left;background:lightgrey;width:50%;
|bodystyle = text-align:left;width:50%;
}}
{{columns-list|
- Albany bread (established after numerous mergers and acquisitions in the 1970s and 1980s)
- Ace maize meal
- Golden Cloud flour
- Induna maize meal
- Jungle Oat Bran
- Jungle Oats
- Jungle Oats Energy Bar
- Jungle Lion Superpop, popcorn
- Maxi Meal
- Morvite cake mix
- Oats Easy Instant Oats
- Old Mill Stream Rice
- Olde Cape Seed Loaf
- Tastic Rice
- Tasmati
- Tastic Rice-O-Mix
- Tastic Savory Classics
- Taystee Wheat
- TNT Microwave Popcorn
- TNT Superpop
}}
{{clear}}
{{hidden end}}
{{hidden begin
|title = Pet Food
|titlestyle = text-align:left;background:lightgrey;width:50%;
|bodystyle = text-align:left;
}}
{{columns-list|
- Jerky Treats
}}
{{hidden end}}
{{hidden begin
|title = Perishables
|titlestyle = text-align:left;background:lightgrey;width:50%;
|bodystyle = text-align:left;width:50%;
}}
{{columns-list|
File:Enerprise corned meats.jpg
- Renown
- Like it Lean
- Enterprise Foods
- Easy Meal
- Mrs. Paul's Kitchen
- Nice and Easy
- Simply Delicious
- Suddenly Supper
}}
{{clear}}
{{hidden end}}
{{hidden begin
|title = Sea-food Products
|titlestyle = text-align:left;background:lightgrey;width:50%;
|bodystyle = text-align:left;width:50%;
}}
{{columns-list|
- Lucky Star canned fish
- Sea Harvest
- SA Sea Product Ltd
- Oceana
}}
{{clear}}
{{hidden end}}
{{hidden begin
|title = Toiletries
|titlestyle = text-align:left;background:lightgrey;width:50%;
|bodystyle = text-align:left;
}}
{{columns-list|
- Design Group shampoo and personal care products (1998)
- Cepacaine, mouth wash
- Gill
}}
{{hidden end}}
{{hidden begin
|title = Other Brands and Subsidiaries
|titlestyle = text-align:left;background:lightgrey;width:50%;
|bodystyle = text-align:left;
}}
{{columns-list|
- Trinity Biotech
- V-Med
}}
{{hidden end}}
See also
References
{{reflist}}
External links
- [http://www.tigerbrands.com/ Tiger Brands Limited Official Site]
{{Witwatersrand companies}}
Category:Manufacturing companies based in Johannesburg
Category:Companies listed on the Johannesburg Stock Exchange