News

The a2 Milk Company announced double digit revenue and earnings growth for FY23, but MD and CEO David Bortolussi lowered expectations to low single-digit revenue growth in FY24.

In this new series Food & Drink Business revisits its Rising Star alumni. Our regular Rising Star feature in the print magazine profiles founders and their young companies, selected for innovation, creativity, tenacity, and potential. This week, we catch up frozen ready meals Be Fit Food’s founder and CEO Kate Save.

Asahi's launch of Hard Solo, its alcoholic brand extension of soft drink Solo, has met with a mixed reception, with concerns voiced that the similarity in the branding and packaging could encourage underage drinking. Independent market research firm Lewers investigated.

Coles Group says a $120 million blow-out on the construction and 12-month delay on the commissioning of its Ocado customer fulfilment centre (CFC) in Victoria, is due to construction issues found during quality control processes.

Gravity Seltzer and CBCo Brewing are joining forces to boost growth and capitalise on growing demand for Gravity Seltzer on the east coast.

Sea Forest is ready to bring its emissions-busting livestock feed to the world at its state-of-the-art manufacturing facility headquarters in Triabunna, thanks to a collaborative project aided by $675,000 in co-investment from the Advanced Manufacturing Growth Centre (AMGC).

UTS Institute for Sustainable Futures researchers found that processing organic waste at just three of Sydney’s 14 wastewater facilities could fill 20 per cent of Sydney's anaerobic digestion capacity gap.

Poultry business Inghams Group posted a strong recovery in FY23, paying down debt and increasing revenue by 12 per cent on the prior corresponding period, despite most inputs increasing in cost above general inflation.

Woolworths will give an immediate financial boost to its hunger relief partners Foodbank, OzHarvest, and FareShare, delivering the equivalent of more than 13 million additional meals to Australians in need.

More than 500,000 Australian product records are now available in the Verified by GS1 product registry service, a global, free, and standards-based registry designed to validate key attributes about products and the companies that make them.

SPC has a new CEO, with Neil Brimacombe appointed on 24 July, following Rob Giles’ resignation after four years at the helm. Giles had launched legal action regarding his payout.

Sydney-based ‘impact investment’ team FP Paradigm has partnered with Future Food Systems CRC in a multi-million-dollar research collaboration with UNSW to develop new food packaging materials.

Coles’ Scope 3 emissions supplier engagement target sets science-based emissions reduction targets to June 2027. The retailer will work in partnership with at least 75 per cent of its suppliers by spend.

Australian sustainable grocery subscription service Farmers Pick will expand into Queensland, delivering its ‘imperfect’ fruit & veg boxes to over 1.5 million households across Queensland from its new premises in Brisbane.

The Food and Beverage Accelerator (FaBA) is calling for applications to share in its second funding round of $20 million to develop product and ingredient ideas. FaBA is part of the federal government’s Trailblazer Universities Program and hosted by the University of Queensland.

Dan Murphy’s and BWS were the solid performers for Endeavour Group in FY23, with the two core brands contributing $658 million to the group’s EBIT of $1.023 billion and Hotels accounting for the remaining $428 million.