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TWO EMPLOYEES AT BURNS PHILP AND CO LTD HEADQUARTERS IN SYDNEY, 1997-09-25 (photo)

IMAGE number
REU7999985
Image title
TWO EMPLOYEES AT BURNS PHILP AND CO LTD HEADQUARTERS IN SYDNEY, 1997-09-25 (photo)
Auto-translated text View Original Source
Photographer
David Gray
Medium
photograph
Date
1997 AD
Shooting Date
1997-09-25
Image description

Two employees of Australian-based food group Burns Philp & Co Ltd talk in the company's Sydney headquarters September 25. The stock market wiped more than A$550 million (US$396 million) off the value of the company on Thursday in the wake of a savage write-down of it's herbs and spices business. The plunge almost halved the value of investors' holdings overnight, among them that of the company's largest shareholder, New Zealand entrepeneur Graeme Hart. AUSTRALIA BURNS

Photo credit
REUTERS/David Gray / Bridgeman Images
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