SlimFast-owner gets into shape with launch of dieting brand sell-off

SlimFast-owner gets into shape with launch of dieting brand sell-off

Glanbia, the Irish-based company, is working with Houlihan Lokey on the sale of the weight loss business for which it paid $350m in 2018, Sky News understands.

SlimFast owner gets into shape with launch of dieting brand sell

The owner of SlimFast has kicked off a sale of the weight loss brand after hiring advisers to orchestrate an auction. Sky News understands that Glanbia, the Irish-based company, is working with bankers at Houlihan Lokey on a process to exit its weight management portfolio. Dubbed Project Lego, a sale would come more than 45 years after SlimFast was founded. Money latest: Tesla takes $150bn hit as Musk-Trump row explodes Glanbia has owned the bra…