New Zealand diary giant, Fonterra and Nestle have realigned their Dairy Partners Americas (DPA) joint venture and signed binding agreements covering the revised scope of the 10-year old partnership.
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Australians favour boutique beers over VB and Carlton Draught
As the popularity of craft and boutique style beers in Australia continues to rise, brewing giant, SABMiller has reported a decline in sales of its top Australian mainstream brands including Crown Lager, Carlton Draught and Victoria Bitter.
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TWE expected to slash workforce by five percent
Newly appointed chief executive of Treasury Wine Estates, Michael Clarke is expected to cut as much as five percent of the workforce today as part of the first phase of its earnings turnaround plan.
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Heston Blumenthal goes native with new Coles range
British celebrity Chef Heston Blumenthal has graced Australian shores once again, this time to launch 15 new products under the Heston for Coles brand.
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Thousands rally against PepsiCo’s use of conflict palm oil
Earlier this week, thousands of people across the globe participated in over one hundred coordinated demonstrations calling upon PepsiCo and other multinational food and beverage manufacturers to eliminate the use of “conflict palm oil”.
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TWE rejects acquisition proposal from KKR
Treasury Wine Estates (TWE) has announced that it has rejected a preliminary bid for to acquire all shares in TWE at a price of $4.70 cash per share from private equity firm, Kohlberg Kravis Roberts & Co. (KKR).
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Big food lagging in climate change initiatives: Oxfam
Oxfam released a report today calling out ‘laggards’ within the food and beverage industry who they say need to do more to address climate change.
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GrainCorp posts profit drop
Australian grain giant, GrainCorp has posted a net profit of $50m for the six months up to 31 March, $38.2m less than the previous corresponding period.
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Global dairy market bottoming out, Dairy Australia
According to Dairy Australia, the global dairy market is slowing signs of bottoming out as prices continue to slowly decline.
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Murray Goulburn to potentially list on the ASX
Victorian dairy cooperative, Murray Goulburn has outlined plans that will potentially see the processor generate $500m in capital over the coming three to five years.
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Australia lags behind in innovation: NMW presentation
"Australia punches well below its weight when it comes to all facets of innovation," Lachlan Mullane of Hodgkinson McInnes said at National Manufacturing Week earlier this week.
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CCA to refocus on Australian operations
Coca-Cola Amatil has announced that it will be focusing on its Australian operations to encourage sustainable earnings growth and deliver strong shareholder returns as part the first phase of its strategic review.
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Cadbury and exporters funding may suffer cuts: Commission of Audit
The National Commission of Audit has recommended that Cadbury factory funding in Tasmania be abolished, along with 16 other industry assistance programs.
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Australian cake manufacturer on brink of collapse
Australian cake manufacturer, Big Sister Foods is on the brink of collapse after 70 years of operation.
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Wine Tasmania to boost interstate profile with industry tour
Wine Tasmania has announced that it will be looking to host up to 10 key industry figures from around Australia on a two day tour as part of an initiative designed to showcase the local wine offering.
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Chobani secures US$750m from TPG
Private equity firm, TPG has announced a US$750m investment in New York based Greek yoghurt maker, Chobani in order to help the business expand its share in foreign markets.
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Major food and automation manufacturers participate in Girls Experience Industry Day
A host of major food, beverage and automation manufacturers including ABB, Goodman Fielder, Mondelez and Coca-Cola Amatil participated in the Girls Experience Industry Day which took place in Melbourne last week and Sydney earlier this week.
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Mars picks up Procter & Gamble pet food brands for US$2.9 billion
Multinational manufacturer, Procter & Gamble has sold three of its major pet food brands in key markets to confectionery company Mars for $US2.9 billion.
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TWE may shed jobs and wine brands to cut costs
Newly appointed chief executive of Treasury Wine Estates, Michael Clarke formally addressed the market this morning regarding the commercial performance of the business.
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Mars announces new global president
Mars Inc. has announced that Grant F. Reid will assume the position of global president as of January 2015.
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