David Prior (distiller)

David Prior is an Australian businessman who became notable in the yoghurt business. He built up the yoghurt brand five:am from scratch in 2009, and sold it in 2014 to UK-based consumer products company PZ Cussons for $80 million.[1] In 2013 the company employed 65 staff, supplied over a thousand outlets around Australia, delivered 250% increase in revenue over the previous year and won the 2013 "Company to Watch" award.[2]

Before that, he partnered with his father in 1997 to create the sustainable packaging company Baroda, running it successfully for ten years, and then selling it to packaging giant Visy.[3]

In January 2015 Prior bought the mothballed Scotch distillery Bladnoch and said he plans to resume production from the 200-year-old establishment.[4]

Education

Prior attended John Paul College before Haileybury college in 1986. He gained a Bachelor of Business degree from Monash University and an MBA in Marketing/Finance from the Melbourne Business School of the University of Melbourne in 1999.[5][6]

References

  1. ↑ Fitzsimmons, Caitlin (8 August 2014), How David Prior grew yoghurt brand five:am to an $80m company in five years, Business Review Weekly, retrieved 28 July 2015
  2. ↑ "2013 Company to Watch Award". Retrieved 28 July 2015.
  3. ↑ Kirk, Danielle (11 March 2013). "Rise and shine". Wellbeing. Retrieved 28 July 2015.
  4. ↑ Lynch, Jared (28 July 2015), five:am yoghurt founder David Prior buys Scottish distillery, Sydney Morning Herald, retrieved 28 July 2015
  5. ↑ "Vedanta Property - About Us". Vedanta Property. Retrieved 28 July 2015.
  6. ↑ LinkedIn profile, LinkedIn, retrieved 28 July 2015
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