...Concentrated in one country or region (large economy). High quality and timely financial reporting. Group structure shows some complexity but mitigated by transparent reporting. Good CG track record but effectiveness/independence of board less obvious. No evidence of abuse of power even with ownership concentration. Diversified presence and positioning across relevant distribution channels, including physical retail and online formats. Market leader in many categories, with proven ability to maintain or grow share. EBITDAR <$500 million. Well diversified portfolio across products and categories....
