McPherson’s Ltd 7.10% 31 March 2021 senior unsecured bond
McPherson’s Ltd (MCP) is a leading supplier of health and beauty, consumer durable and household consumable products in Australasia. Formed in 1860 the group has approximately 800 staff, is ASX listed and has a market capitalisation of ~$63m as at 7 July 2015.
The company owns a diversified portfolio of well-known brands including Manicare, Lady Jayne, Dr LeWinn’s, Swisspers, Euromaid, Baumatic and Multix and manages brands as an agent for Procter & Gamble (Hugo Boss, Dolce & Gabbana and Gucci fragrances) and Trilogy. MCP’s competitive advantage is supply chain management and the marketing of complex and comprehensive ranges of products to an extensive customer base of some 10,000 retail outlets.