In 2004, Smith announced his intention to make Dick Smith Foods a commercial operation, and to list it on the stock market by 2009. In the same year, Smith offered to purchase Vegemite from Kraft, but was unsuccessful.Media Release: Dick Smith offers to buy Vegemite to help out a battling Kraft , Dick Smith Foods, 27 October 2004. In 2006, the Herald Sun newspaper reported that Dick Smith Foods turnover had halved, due in part to the difficulty of finding local suppliers for their products.
