Treasury Wine Estates announced the resignation of CEO, Tim Ford, with news the CEO of Lion, Tim Fischer, will replace him from 27 October. Ford has been at TWE for 14 years, five as CEO and managing director. Fischer will receive a $4 million sign-on fee as compensation for forgoing incentives with Lion. Read more
Lyre’s latest funding round raised almost £18 million (AU$34.6m). It was led by DSquared and Morgan Creek Consumer Fund, which oversaw the brand’s 2021 valuation increase to $500 million.
The Clean Energy Regulator has verified ALDI Australia’s transition to 100 per cent renewable electricity in the release of its 2023 Corporate Emissions Reduction Transparency (CERT) Report.
Australian fintech company Zeller says its inaugural Small Business Resilience Report reveals 80 per cent of companies surveyed reported supply costs increasing more than 10 per cent in the past year.
Steggles has launched its nationwide ‘Host a Roast’ campaign, to support families of seriously sick children. Encouraging Australians to ‘Host a Roast’ for Christmas in July, Steggles will contribute 30 cents from each Steggles Family Roast sold to selected charities.
AgriFutures Australia is investing nearly $1 million into the Australian jackfruit industry to help it develop commercially viable processed products. A niche market in Australia, the industry has significant growth potential.
The world’s most recognised cat, that ginger, lazy, mouthy furball called Garfield, has fallen in love with Cucina Classica's Australian-made lasagne.
Plants on the moon could be a reality as soon as 2026, with the federal government funding the Australian Lunar Experiment Promoting Horticulture’s project to gain a better understanding of horticulture in extreme environments.
Bubs Australia says the completion of its two-month strategic review – a five-point plan to get the business back on track – will deliver positive cash flow for the beleaguered infant formula company in FY25.
Thomas Foods International (TFI) has taken over full ownership of Victoria-based Frew Foods International, which will be rebranded as Thomas Foods International Stawell. In 2020, TFI acquired a 50 per cent stake in Frew.
[yellow tail] has shown its power yet again when it comes to consumer loyalty and brand awareness, taking home the World’s Most Powerful Wine Brand title for the sixth year in a row.
Three First Nations native food companies have completed the Queensland government’s pilot of its Indigenous Native Food Program: FIGJAM and Co, Yaala Sparkling, and Beechtree Distilling Co.
A Greener World (AGW) has certified Manna Hill Estate as the first farm in Australia to be Certified Regenerative. The classification provides a whole-farm assurance of regeneration and sustainability.
Bubs says there is $5.6 million in overdue debts from its exclusive China distributor, Hong Kong-listed Alpha Professional Holdings, which is seeking more than $20 million for ageing stock it can't move.
Internationally experienced and recognised agribusiness leader Jason Craig has been appointed managing director of Australian smallgoods producer, D’Orsogna Limited. Craig joins D’Orsogna with more than 25 years operating in all parts of the food supply chain.
Upon the release of its 14th Sustainability Progress Report, Ferrero’s Australian operations are aiming to reduce C02 emissions and gas consumption by 1.5 per cent and 50 per cent respectively year on year by utilising green energy from the grid and electrifying equipment. Currently, operations in NSW are making positive progress.
Costa Group confirms US private equity firm Paine Schwartz Partners (PSP) put forward a takeover bid in late May and has completed preliminary due diligence, but hosed down speculation a deal between the two would be reached quickly.