News

The Nestlé board has dismissed CEO Laurent Freixe with immediate effect, the second CEO in 12 months to exit the company. It comes after an internal investigation revealed an undisclosed romantic relationship with a “direct subordinate”, breaching the company’s Code of Business Conduct.

Perfection Fresh is one of four suppliers the Australian Competition and Consumer Commission (ACCC) is alleging engaged in price fixing when supplying fresh produce to ALDI over seven years from 2018 to 2024.

The a2 Milk Company (a2MC) has completed its acquisition of China Mengniu Dairy Group’s subsidiary, Yashili New Zealand’s, Pokeno plant for around $282 million.

Community-led fresh produce company, Box Divvy, is launching in Victoria, aiming to connect communities with farmers and food producers for fresh, Australian-grown produce for less.

The New South Wales government has invested $5.72 million into key regional projects, including $2.5m to Grove Juice for the opening of a new bottling line and $2.27m for Staughton Group to develop a Regional Demonstration Hub for chilling and freezing.

TasFoods Poultry division revenue fell 20 per cent in 1H25, with the company citing the continued oversupply of mainland sourced poultry in the Tasmanian and mainland market. The company reported a net loss after tax of $3.6 million, a 29 per cent improvement on FY24 prior corresponding period (pcp).

Maggie Beer Holdings (MBH) recorded a loss of $24.3 million in FY25, a marginal improvement on the $28.2 million in FY24. MBH chair, Mark Lindh said despite the loss, measures taken over the last six months have put the company in a good position for a strong 1H26.

After a difficult start to the year, including a CEO changeover, antibiotic backlash, and a loss of RSPCA certification, Huon Aquaculture is partnering with TasmaNet to deploy digital infrastructure and smart technology – aiming to drive innovation and sustainability in its salmon farming.

The supply chain arm of Woolworths Group, Primary Connect, is making moves to reduce fuel reliance, with electric prime movers supplied by Toll Group being deployed at the company’s Moorebank distribution centre, which was completed in November 2024.

Private equity firm, Allegro Funds, has acquired a majority stake in BE Campbell, a third generation, family-owned meat processing company, with the Campbell family retaining a “significant” share in the business.

The day after Coles Group presented its positive FY25 results from profits to staff morale and customer satisfaction, it was Woolworths' turn with investors, but with a far less positive tale.

The Halliday Wine Companion has announced its Award winners for the year, celebrating some of the nation’s top wines, winemakers, viticulturists and wineries in its guide to all things Australian wine.

The Arnott’s Group is celebrating 160 years of its iconic biscuit brand in 2025, hosting the New South Wales Premier at its Huntingwood bakery in Western Sydney last week.

In a year that marked Noumi closing out legacy legal issues from its former Freedom Food Group days, the dairy and plant-based milk business might not have been able to report a profit, but could draw confidence from record sales performances and operating EBITDA.

SPC Global released its first end of financial year report since the merger of The Original Juice Co, SPC, and Nature One Dairy and Natural Ingredients in mid-December 2024, unveiling a new beverage division and success in new markets. Its pro forma net revenue for FY25 was $326.2 million.

Coles Group reported $40 billion in Supermarket sales revenue in FY25, an increase on the prior year of 4.3 per cent. Revenue was supported by solid volume growth across transactions and basket size.