Michael Perich has been announced as the interim CEO for Freedom Foods Group, as investigations continue into how the company amassed more than $60 million in inventory write-downs. Read more
Changing consumer behaviour amid COVID-19 restrictions continues to have adverse impacts on Coca-Cola Amatil’s business, as it reports a nine per cent drop in trading volumes in June 2020 compared to June 2019.
The July/August issue of Food & Drink Business is out. It looks at how to respond to the pandemic, a start-up developing cultivated meat, features on ready meals, hard seltzers, the latest Industry 4.0 news and much more.
Pernod Ricard has revised its predicted 20 per cent profit downgrade to 15 per cent, citing strong cost mitigation.
Kraft Heinz Australia has launched a direct-to-consumer channel, Heinz to Home. It is one of the first large Australian F&B companies to do so, as DTC ecommerce grows due to COVID-19.
Elixinol Global will retain its Hemp Foods Australia business due to recent “enhanced performance”. Elixinol had announced in February it would be sold for $500k to a Shanghai-based buyer.
The CSIRO has signed an 18-month partnership agreement to help develop new sources of protein and omega-3 oils from ocean microbes. The initiative aims to contribute to Australia’s growing ‘blue economy’ target of $100 billion per annum by 2025.
Coles’ Winter Appeal for national food rescue charity SecondBite has raised more than $1 million in just over two weeks, the company says.
The Alcohol Beverages Advertising Code (ABAC) has seen increased activity this quarter, with 60 new complaints and 26 determinations.
The latest round of Cooperative Research Centres (CRC) Projects includes a project to future-proof Australia’s winemaking industry from bushfire smoke taint.
Almost 98 per cent of Longtable Group shareholders voted to change the company’s name to Maggie Beer Holdings at a 16 July shareholder meeting. The company said it would better reflect the company's principal brand.
GS1 Australia is establishing an industry-led National Traceability Advisory Group to provide advice on global standards for trade and traceability. Ram Akella of Woolworths Group will chair the group.
The deal that captured the attention of the Australian and New Zealand FMCG producers and packaging industry back in late 2019 has been completed as predicted. Visy will be the new owner of the glass manufacturing operations of O-I ANZ, and now a one-stop packaging shop.
The Australian Competition & Consumer Commission says supermarkets can continue working together until March 2021 due to COVID-19.
The Brewers Association of Australia has reiterated its full support for mandatory pregnancy labelling on alcohol but maintains its stance against Food Standards Australia and New Zealand’s proposed use of mandatory colours.
The National Farmers’ Federation has called for the reinvigoration of manufacturing in regional areas and consistent regulation for organic farming in its latest policy document Get Australia Growing. NFF president Fiona Simson launched the strategy at the National Press Club on 14 June.
The Fight Food Waste Cooperative Research Centre (CRC) has launched a new campaign for Australians featuring helpful tips and tricks to save money by reducing their food waste.