Carson Products
This article was originally published in The Rose Sheet
Executive Summary
Ethnic marketer is exploring "strategic alternatives" for its South African business, Carson Holdings, following authorization from the company's board. Carson owns a 52.6% stake in Carson Holdings, which is traded on the Johannesburg Stock Exchange; the remaining stock is publicly held. "No decision has been made to enter into any transaction or as to what form any transaction might take," the company said. The South African business has been a major revenue generator for the company. Sales in 1998 were $39.2 mil. The firm has projected it will increase Carson Holdings sales up to $110 mil. in the next five years (1"The Rose Sheet" March 8, p. 9). Late last year, Carson explored the idea of selling the South African business to help relieve its financial obligation (2"The Rose Sheet" Nov. 2, 1998, p. 6)