Banducci seems to have little governance, risk and compliance and the stock seems to have plummeted since the mid $29s, due to shocking lack of control in their stores with the strawberries being needled, they can "thoroughly defend" it but I think it is a matter of fact whether strawberries had needles put in them.
Banducci's restructuring and cost cutting appear to have made the stores unsafe. See below:
They might need to sell up the stores and return the capital to shareholders.
https://www.insideretail.com.au/news/woolworths-reacts-to-100m-class-action-201809
SYDNEY, Sept 14 (Reuters) - Australians have been warned to cut strawberries before eating them after sewing needles were found in several punnets, triggering the withdrawal of three brands from sale nationwide.
Australian authorities earlier this week asked people to dispose of strawberries purchased from Woolworths Group (WOW) if they bore the brand of Berry Licious or Berry Obsession after three punnets were discovered to include fruit embedded with sewing needles.
The advice was late on Thursday expanded after police in Australia's north east said they had received four complaints about needles with Donnybrook branded strawberries.
All three brands have now been withdrawn from sale. "Until advised, consumers should cut up strawberries before consuming them," Queensland state government said in a statement.
The health scare casts a shadow over Australia's strawberry industry, worth more than A$130 million ($93.61 million) each year.
"We would hope the public can see this for what it is, as an isolated incident ... this because strawberries are safe to eat," said Jennifer Rowling, industry development officer at Strawberries Australia, which represents growers. ($1 = 1.3887 Australian dollars)
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