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Rare Foods Delists from ASX, Cuts Costs, and Boosts Subsea Wine Sales

4:18am on Monday 2nd of June, 2025 AEST Food & Beverage
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Rare Foods Delists from ASX, Cuts Costs, and Boosts Subsea Wine Sales

4:18am on Monday 2nd of June, 2025 AEST
Key Points
  • Voluntary ASX delisting approved with 99.3% shareholder support
  • Annual cost savings of $3.2 million from staff redundancies and supplier reviews
  • Harvest of 15 tonnes of ranched abalone in line with forecasts for Q3
  • Subsea Estate Cellar Door sales surged 280% to $163K in the quarter
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