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At the end of last week (5pm, 7 February) confectioner Yowie Group called in its loan facility with its major shareholder, Keybridge Capital Limited. Three days later Keybridge went into voluntary administration. Read more
Australia’s premier media platform for food and beverage manufacturers, Food & Drink Business, has launched its annual awards for excellence, The Hive Awards, and is calling for entries from across the sector.
Entries are now open for the 2025 Hive Awards, and close 21 February. Check out 2024's Best Packaging Award Winner, GWF (Don Smallgoods).
Every week, Food & Drink Business editor Kim Berry brings you the latest news in the food and beverage industry. This week: Asahi Beverages, Woolworths, Australian Food & Grocery Council, ACCC, End Food Waste Australia, Roc Partners, Pace Farm, Kinross Farms, Freshman Group, Nestlé, National Reconstruction Fund Corporation, Coopers, and The Hive Awards.
Food & Drink Business presents its annual flagship Top 100 Food & Drink Companies Report for 2024. Compiled in collaboration with IBISWorld, the report ranks by revenue Australia’s biggest players in the food and drink sector. It’s your go-to industry resource into Australia’s largest manufacturing sector.
A study by The George Institute for Global Health has found only 63 per cent of alcohol products in Australia displayed the mandatory pregnancy warning label, despite being given a three-year period to phase in.
After years of pandemic-driven spikes and subsequent corrections, the latest data from IWSR shows ecommerce sales of alcoholic beverages are forecast to surpass $36 billion by 2028, reflecting a 20 per cent increase in value over the next five years.
Maxum Foods latest dairy commodity update paints a picture of a still-volatile market, as shifting milk output trends and evolving trade policies impact producers.
Macadamia company, Marquis Group, has reported a strong 2024 harvest season, closing out with empty warehouses. Growers benefited from a significant increase in the Notional Price, which rose from $1.80/kg in 2023 to $3.20/kg in 2024.
The ACCC has rejected the Infant Nutrition Council’s (INC) application to continue the infant formula marketing agreement for another five years citing concerns over its effectiveness and impact on competition.
The Brisbane Economic Development Agency’s (BEDA) Future Food Global Accelerator has chosen its latest cohort of local food and beverage companies to support in exporting their products worldwide.
ASIC’s appeal to the Full Federal Court in its case against Noumi’s former CEO and MD, Rory MacLeod, has been successful. The court found that providing documents to ASIC in accordance with a voluntary disclosure agreement did not waive a valid legal professional privilege (LPP) claim.
SPC Global CEO, Robert Iervasi, has written to shareholders, reassuring them recent share price movements reflect short-term market dynamics, not the company’s operational or financial performance. SPC’s share price has fallen almost 50 per cent since it listed on the ASX on 17 December.
Equity investment firm, Roc Partners, has acquired fresh produce company, Freshmax Group. The investment manager says it plans to “invest significantly” in the company.
Orora’s half year results reflected a challenging market, for a business which has now transformed itself into a what it says is solely a beverage packaging operation, with global glass and Australasian cans as its focus.
Opal is assuring its packaging grade customers that its contingency plans mean supply will continue without interruption, as the lockout of its 308 workers at the Maryvale Mill enters its fourth week.
The board at consumer packaging giant Amcor used its half year results to urge shareholders to vote in favour of the proposed mega merger with Berry, and said not voting was the same as a no vote.
