AFR – Marley Spoon misery as Millennials head for the door, not the kitchen
05 Jan 2019
Have the Millennials decided they don’t really need to learn to cook? If most of them have, it’s likely to spell more trouble for the sagging share price of Marley Spoon.
One of the doubters in the lead-up to the float was Dean Fergie, portfolio manager with Cyan Investment Management. He steered clear of investing in Marley Spoon. Six months on and those initial misgivings have been reinforced.
“Millennials and even the older generations now are used to extreme convenience,” says Fergie, noting an increasing propensity to use technology to have meals already made by the expert chefs at restaurants and cafes delivered to customers.