This is a very interesting read...take two to read it. Crash diet: Tony Ferguson weight-loss Published 29 August 2013 11:24, Updated 30 August 2013 09:07 inShare.3 Crash diet: Tony Ferguson weight-loss group in administration Tony Ferguson making a store appearance at Terry White Chemist in Burpengary Glenn Hunt Seven entities associated with the Tony Ferguson weight-loss empire have been placed in the hands of administrators. Adam Farnsworth, of insolvency firm Farnsworth Shepard, has been placed in control of the business after being appointed on August 20, records from the Australian Security and Investment Commission reveal. Farnsworth was unavailable for comment prior to publication. Calls to Tony Ferguson suggest the business continues to trade. A representative of the business referred BRW to Farnsworth for comment. The exact nature of the problems at the business is not known, although sources suggest that there are a number of parties interested in buying the group. The Tony Ferguson range of meal replacement products are generally sold through pharmacies, with chemist chain Terry White Chemists the major retail channel for Tony Ferguson. Anthony White, chief executive of Terry White Chemists, told BRW that Tony Ferguson is one of many suppliers to the business and he has been told the weight-loss business is currently undergoing a re-organisation. He says the issues will not have any impact on the Terry White Chemists business. Ferguson’s programs and products have attracted controversy over the years. In 2009, consumer group Choice slammed a group of weight-loss product makers, including Tony Ferguson, for their sales practices, saying the pharmacy consultants who sold the products lacked proper training and failed to properly assess customers’ medical histories.
Posted on: Mon, 02 Sep 2013 01:05:07 +0000
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