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The federal government has confirmed it will not proceed with the Tax Laws Amendment (Incentivising Food Donations to Charitable Organisations) Bill 2024, saying the legislation contains “deficiencies that compromise its policy intent”, even as food insecurity remains at record levels across Australia. Read more
Welcome to Food & Drink Business PLAY. Here are our top stories for March. It was a big month for deals, policy and industry shake-ups. Let's get into it.
Our Top 100 2025 edition of Food & Drink Business magazine is more than the annual flagship Top 100 Report. Industry leaders reflect on the year past and the one ahead, we provide our annual news review, M&A wrap-up, and all the executive moves, and a Roman-inspired sports drink, Posca, is our final Rising Star for 2025.
Food & Drink Business and IBISWorld present this year’s Top 100 companies, a ranking of Australia’s largest food and drink companies by revenue. This year reflects a sector positioning itself for immediate term viability and long-term competitiveness.
French food and beverage giant Danone has acquired the UK-based meal replacement and functional nutrition brand, Huel, in a deal reported to be worth approximately €1 billion (AUD$1.2 billion).
The class action against Woolworths Group over the underpayment of salaried store managers has been extended in scope, with the claim period now running through to September 2020 following a Federal Court hearing on 20 March.
Melbourne-based independent brewery, Stomping Ground Brewing Co., has completed a $1.5 million crowd-sourced funding campaign through OnMarket, supported by more than 640 investors. The company is preparing to scale up, as it celebrates a decade of beer.
Australia's largest olive producer, Cobram Estate Olives (CBO), has completed its $250 million acquisition of US-based olive oil producer and marketer, California Olive Ranch (COR), from investment firm, Solum Partners.
Advanced biomanufacturer, Cauldron Ferm, has raised $19 million in a Series A2 priced round led by Main Sequence Ventures, with participation from Horizons Ventures, SOSV, and NGS Super.
Global consumer goods business, Unilever, has confirmed it is in discussions with McCormick & Co on the sale of its Food business. Both companies have released statements saying while negotiations are ongoing there is no certainty of a deal.
Coca-Cola Europacific Partners has installed a new Return and Earn reverse vending machine at its Northmead site, strengthening EPR in practice and expanding community access to container recycling.
Good news for last-minute nominators – the entry deadline for the 2026 PKN Women in Packaging Awards has been extended to midnight 2 April. Entries have been rolling in this week, don't miss out!
As pressure builds ahead of Friday’s Environment Ministers Meeting, the Australian Council of Recycling is again calling for urgent action on packaging reform, warning that without it Australia’s recycling system is at risk.
