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Snowman Logistics Ltd: What Ails It? - Teaching Note
Nikhil RastogiTeaching Note IVEY-W28604-EAccounting and Control, FinanceTeaching note for product W28603.Starting at €0.00
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Snowman Logistics Ltd: What Ails It?
Nikhil RastogiCase IVEY-W28603-EAccounting and Control, FinanceSnowman Logistics Ltd was publicly listed in 2014 at a huge premium to the issue price. The company was the first pan-Indian player in the temperature-controlled logistics industry, which was largely unorganized and fragmented. Changing consumer preferences and increasing demand for processed food were expected to drive the business’s growth rates and profitability. However, India updated its accounting standards in 2019, which impacted Snowman’s...Starting at €8.20