South Africa
The Bounty Brands stable — who exactly are they?
Illustrative image | Sources: (Clockwise) Former PIC board member Sibusisiwe Zulu (Photo: Gallo Images / Phill Magakoe) | Former health minister Zweli Mkhize. (Photo: Gallo Images / Darren Stewart / Waldo Swiegers) | Peter Spinks, Bounty Brands CFO. (Photo: Supplied) | Businessman Lawrence Mulaudzi. (Photo: Supplied) | Stefan Rabe, Bounty Brands CEO. (Photo: Supplied)
Founded by businessman Gary Shayne’s Coast2Coast Capital in 2014, the Bounty Brands stable includes a basket of well-known consumer brands.
The Bounty Brands stable consists of a basket of well-known consumer brands, including Diesel, Vans, Haägen-Dazs ice cream and Tuffy homeware products. It was founded by businessman Gary Shayne’s Coast2Coast Capital in 2014. By 2017, it held 12 businesses, or vendors, in its South African portfolio. It had also begun buying companies in Poland.
Bountry Brands was essentially a holding company of which Coast2Coast had been the largest shareholder. Coast2Coast appointed Stefan Rabe (CEO) and Peter Spinks (CFO) to run the business.
Also read: Zweli Mkhize’s R6m ‘cut’ from PIC’s R1.4bn deal using Unemployment Insurance Fund money
Become an Insider
Comments - Please login in order to comment.