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
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.
Confectionery brand Kinder has donated $30,000 to Cedar Creek Wombat Rescue to support the rehabilitation of native animals in bushfire-affected areas of the Hunter Valley, New South Wales.
Treasury Wine Estates announced a 21 per cent profit downgrade and walked away from previously outlined targets for 2021, in a 9 July business update.
A renewable energy system being constructed at McCain’s Ballarat plant will reduce CO2 emissions by 27,000 tonnes, the company says.
Fonterra’s Simply Milk is the first carbon-zero developed milk in the southern hemisphere, with New Zealanders among the first to try and buy the new product.
Fine Food Australia has cancelled its 2020 trade show due to the reintroduction of stage three COVID-19 restrictions in Victoria. The show was scheduled to take place from 7-10 September in Melbourne.
Freedom Foods Group has advised the ASX that its voluntary trading halt will remain in place until 30 October while it investigates its financial position.
Bega Cheese has announced the reduction and consolidation of its processed cheese production, with 74 jobs to go at its Bega facility by Christmas.
FIAL has begun its $400,000 National Food Waste Strategy Feasibility Study. In 2017, the Australian government committed to halve food waste by 2030, the feasibility study is seen as a crucial step in achieving that target.
Australia’s winegrape crush for the year may be the smallest crop since 2007, but the quality of wines is expected to remain high and meet premium market targets, as revealed in Wine Australia’s National Vintage Report 2020.