Slimming firm trims right down

 In Australia, International, NewZealand
The weight loss empire run by Penrith chemist Tony Ferguson has slimmed down unexpectedly, collapsing last week.
And caught up in the failure is a member of Melbourne’s Smorgon dynasty, Barry Smorgon, who owns almost half the group.
In 2009, Ferguson’s operation was in the fat, reportedly selling more than $80 million of diet shakes, soups and snacks through chemists across Australia.
But it is not the meal ticket it once was: corporate records show six companies associated with Tony Ferguson Weight Loss went into administration last Tuesday.  Sydney Morning Herald – Read more…

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