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This is why struggling Taste Holdings sold Starbucks | IOL Business Report

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This is why struggling Taste Holdings sold Starbucks

JOHANNESBURG - Struggling Taste Holdings’ majority shareholder Sean Riskowitz has backed the company to turn things around despite posting underwhelming results and offloading some of its assets.

Riskowitz, the chief executive of Protea Asset Management, Combined Motor Holdings and Calgro M3, said that Taste Holdings exhibited very strong long-term business economics. Riskowitz said Taste Holdings, whose share price has tanked 95.51 percent in the last three years, would eventually bounce back.

 

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