Read more
With barely a month in the role, Nestlé CEO, Philipp Navratil, announced 5.8 per cent of the company’s employees would lose their job in the next two years, as the global food business looks to save $5.8 billion (CHF 3 billion) by the end of 2027. Read more
Welcome to the latest issue of Food & Drink Business. As the end of the year approaches at a rate of knots, this edition reveals the sector is showing no signs of slowing down. From large-scale builds to rethinking rum and non-alc beverages, this edition scales all aspects of the sector. Our processing and packaging tech feature looks at the latest equipment and its application, while our cover story with Neogen offers a rethink on how businesses approach food safety (hint: it's not a cost centre).
In this episode, Food & Drink Business editor, Kim Berry, talks with Michelle Thomson, GM of Kerry ANZ, about current market and consumer trends and how companies can maximise opportunities for success.
From printing to publishing, Yaffa Media has always been about its people and niche audiences. Founded in 1925, it is one of Australia’s largest independent media companies. This year marks a centenary of storytelling.
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.
Regional New South Wales could become a national hub for plant-based protein manufacturing, one of the fastest-growing sectors in global food production, according to a prospectus released by the government.
Global yoghurt company, Chobani, has completed a $1 billion (US$650 million) equity capital raise as it plans to expand its manufacturing operations in the US. The raise was advised by law firm Gibson Dunn.
The Central Coast is about to receive a boost to its local food and beverage manufacturing industry, with construction starting on the $17.14 million Food Manufacturing Innovation Hub, funded by the federal government’s National Reconstruction Fund (NFR).
Treasury Wine Estates (TWE) says it is not in a position to revise its guidance for FY16 due to lower-than-expected performance in China and distribution issues in California. The company said it was unlikely to meet FY26 depletion targets for Penfolds in China.
Alcoholic coconut water ready-to-drink (RTDs) options are the latest alcohol beverage trend to explode in Australia over the past year. Food & Drink Business spoke with Raw C and Coastals about the rise of better-for-you beverages and the coconut water craze.
Top Shelf International (TSI), producer of NED whisky, and Grainshaker vodka, has been acquired by Blue Sky Drinks Co, with it also buying the exclusive licence for Act of Treason agave spirit. TSI went into voluntary administration in August.
Melbourne-based sustainable packaging company Great Wrap has entered voluntary administration with debts of about AU$39 million, following years of financial losses and shifting market conditions.
Jamestrong Packaging has officially opened its new $8m aluminium casting line at Taree, NSW, reshaping Australia’s aerosol packaging supply chain by bringing aluminium slug production back onshore.
Australian packaging innovator TomKat Global Solutions has opened expressions of interest for its upcoming wholesale equity raise, as it seeks to accelerate the global commercial rollout of its KoolPak reusable packaging system.
