News

Paragon Wine Estates, part of Endeavour Group, has acquired Oakridge Wines as the group looks to bolster its portfolio before the demerger later this year.

Cape Byron Distillery is getting ready to release its first whisky. The distillery has established a name for itself with its Brookie Gin and macadamia liqueur Mac.

The federal government has announced a $30 million Commercialisation Fund to help new manufacturing products and processes become a reality.

Treasury Wine Estates has sold four US brands to The Wine Group for $100 million as it focuses on its premium wine business in the US.

Mondelēz International has acquired Australian premium cracker manufacturer Gourmet Food Holdings. The global FMCG giant said it gives the company an entry into a whole new snacking market in the health and wellness space.

Round 2 of the Boosting Female Founders Initiative is now open. The program offers co-contributor grants up to $400,000 for start-ups that are majority owned and led by women.

The Federal Court of Australia has rejected legal proceedings brought by Freedom Foods Group against Blue Diamond Growers and ruled the remaining proceedings must head to arbitration in the US.

Award-winning gin outfit Four Pillars has installed a 65.88kW solar system on the roof of its Healesville distillery. It is expected to save the business $12,800 a year

The federal government has announced a $1.2 billion funding boost to its wage subsidy scheme, extending the program for another 12 months.

Murray River Organics has appointed Birol Akdogan as its new managing director and CEO, following Valentina Tripp’s resignation in January. Akdogan has been acting CEO since Tripp’s departure.

Interim CEO Michael Perich says Freedom Foods Group’s half yearly results validate the decision to focus on its Dairy and Nutritionals and Plant-based Beverages brands.

A second class action has been launched action against Freedom Foods and its auditors Deloitte Touche Tohmatsu. The action is backed by litigation funder Omni Bridgeway and run by Phi Finney McDonald.

Mars Australia will transition to 100 per cent renewable power as part of the global company’s $1.2 billion commitment to combat climate change.

A longstanding voluntary agreement by manufacturers not to advertise or promote infant formula will continue, but the ACCC has raised concerns manufacturers are lessening its impact with toddler formula promotion.

Despite a 33 per cent decline in revenue on the prior corresponding period in Q1 FY21, goat infant formula company Nuchev reported a 118 per cent revenue jump on the preceding quarter in 2Q.

The Victorian Supreme Court has ruled Bega Cheese is permitted to use the Bega trademark on products outside the scope of the licence Fonterra has for Bega branded cheese and butter products.