Gordon Brothers to Market Sale of Reed’s Los Angeles Beverage Manufacturing Plant and Branded Candy Business
Reeds, Inc. (REED)
Last reeds, inc. earnings: 3/12 04:14 pm
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Source: GlobeNewswire
BOSTON and LOS ANGELES, Jan. 08, 2018 (GLOBE NEWSWIRE) -- Gordon Brothers, a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors, has been retained by Reed’s, Inc. (NYSE American:REED), one of the nation’s leading portfolios of handcrafted, natural beverages, to manage the sale of its Los Angeles, California beverage manufacturing facility and the Reed’s branded candy business. The sale process supports the Company’s previously announced plans to streamline its business model, improve margins and focus on becoming a sales and marketing driven organization. Proceeds from the sales process will go toward paying down the Company’s debt position. “After a thorough strategic review, it was determined that the Company’s business model and profitability would be materially improved by exiting the manufacturing business and utilizing larger, more efficient co-packers to manufacture our award-winning Reed’s and Virgil’s
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REED
News
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Reeds (REED) Upgraded to Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Reed's Reports Fourth Quarter and Full Year 2023 Results and Issues 2024 Financial Outlook [Yahoo! Finance]Yahoo! Finance
REED
Earnings
- 11/9/23 - Beat
REED
Sec Filings
- 4/4/24 - Form 4/A
- 4/3/24 - Form 8-K/A
- 4/2/24 - Form 8-K
- REED's page on the SEC website