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Companies with high name recognition and favourability, like My Food Bag fronted by celebrity chef Nadia Lim, are well-placed to win casual investors. Today on
The Detail, Emile Donovan speaks to National Business Review senior journalist Calida Stuart-Menteath to get a 101 on what an IPO actually is; what state My Food Bag is in; and the importance of doing your investment research. My Food Bag has a humble origin story. After winning the second season of
MasterChef NZ, Nadia Lim and her husband Carlos Bagrie teamed up with entrepreneurs Cecilia and James Robinson and former Telecom chief executive Theresa Gattung with an idea for a meal kit company, which delivers recipes and corresponding ingredients to homes all around the country.
My Food Bag has a humble origin story.
Photo: Nadia Lim / Facebook
After winning the second season of MasterChef NZ, Nadia Lim and her husband Carlos Bagrie teamed up with entrepreneurs Cecilia and James Robinson and former Telecom chief executive Theresa Gattung with an idea for a meal kit company, which delivers recipes and corresponding ingredients to homes all around the country.
With first mover advantage in a fledgling industry the company flourished: within four years it had won a sizeable investment from private equity group Waterman Capital, which took a 70 percent stake in 2016 for nearly $36 million.
Now, just five years on, it s been valued $448.5 million as it prepares to go public.
It s hard to overstate just what a big deal this is.
Over the years, the Act has more than doubled in size.
It clocks in at over 400,000 words - slightly shorter than Alexandre Dumas novel
The Count of Monte Cristo.
So what are the main issues with the current RMA - and what form will the new iteration take?
Today on
The Detail, Emile Donovan sits down with Stuff senior political journalist Thomas Coughlan, and Bell Gully partner Natasha Garvan, to discuss the past and present of the RMA - and what it might look like in the future. The RMA is unjustifiably complicated now - I think everyone agrees with that, he says.