Maggie Beer sells food company

07 March, 2019 by
Hospitality Magazine

Barossa chef Maggie Beer has confirmed she’s sold her stake in Maggie Beer Products for $10 million.

The stake was purchased by Longtable Group, which now owns the whole business after they purchased 48 per cent in 2016.

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Beer will remain on deck for product development for the next two years and says she’s looking forward to the next chapter.

“At 74, I never want to retire, but I have been working up to 70 hours a week … and I want to be a bit more free,” Beer told SMH.

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“I have been a control freak all my life. The reason I feel I can let go is that I have the most amazing management team at Maggie Beer Products, which I have such trust in.”

Maggie Beer Products is known for producing ice cream, jams, sauces and verjuice.

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