Capital, Earnings & M&A
Southern Black Sesame Paste, a 30-Year Staple, Struggles to Sell! Where Does the Former "Paste King" Go From Here?
No enterprise lasts forever, and the once-renowned Southern Black Sesame Paste is no exception. In the past two years, the "paste industry leader" and "best-seller for over 30 years" has hit a bottleneck, with declining sales and sluggish growth. Attempts to reverse the trend by expanding into beverages and acquiring an e-commerce company have shown little effect. Amid the broader trend of consumption upgrading, where does the former "paste king" go from here?
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