The meeting with Clive and Warren from Seven Stars Retail didn't go the way ORA Hygiene expected things to go. Seven Stars Retail, unfortantey pulled out of the proposed deal due to pricing disagreements between the two entities.
Seven Stars Retail were interested in purchasing packaged sheets for under R1,00 which meant that ORA Hygiene would be operating at a loss. This is despite the fact that Seven Stars would be making a bulk purchase yet the time and effort would not amount to a favourable outcome for ORA Hygiene and its partners.
For Seven Stars the deal would not lead the business into any profits as profit margins were already too tight even though Seven Stars was opting to resell units to retail pharmaceutical companies like Disc-hem and independent pharmacies in the Gauging region.
The overcome outcome of the meeting was unfavourable for both entities with neither achiveing much.
The meeting adjourned at 19:30
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