Newly appointed chief executive of Treasury Wine Estates, Michael Clarke formally addressed the market this morning regarding the commercial performance of the business.
Mars Inc. has announced that Grant F. Reid will assume the position of global president as of January 2015.
Multinational Italian dairy and food corporation, Parmalat has announced its purchase of Western Australian dairy and fruit juice company, Harvey Fresh.
As a result of its 87.92 percent stake in Warrnambool Cheese and Butter Factory, Saputo has requested a number of changes to the company’s constitution including a restructure of the WCB Board.
Patties Foods today announced the appointment of new managing director and chief executive officer, Steven Chaur.
Managing director of supermarket giant Coles, Ian Mcleod told the Global Food Forum in Sydney yesterday that excessive red tape coupled with high labour costs and declining productivity is hindering Australia’s ability to capitalise on the ever increasing global demand for food.
David Williams, adviser to Bega Cheese during the three-way bidding war for Warrnambool Cheese and Butter, has said that in addition to gaining $100m by selling its stake in WCB, Bega also saw its capital rise by $300m, placing it as an ASX top 200 company.
Atlanta based beverage giant, Coca-Cola has attracted criticism from investment fund, Wintergreen Advisers for its new pay proposal for management, stating that it was ‘unfathomable’ in light of the company’s slowing growth.
According to Rabobank’s Q2 quarterly report, global milk prices will ease from mid to late Q2 2014, while exportable supply is expected to continue rising due to improved margins experienced through high milk prices and falling feed costs.
Bega Cheese has announced that it will invest in business initiatives that promote both growth and sustainability in the milk supply.
A group of 18 small to medium South Australian food companies will be attending the intensive two-day Competitive Foods Initiative program in Melbourne run by Mondelez International.
Speculation surrounding a possible $400m takeover bid of Peters Ice Cream by Murray Goulburn continues to mount in light of a presentation from Peters’ owner, private equity firm, Pacific Equity Partners (PEP).
Established by award winning winemaker Julian Alcorso in 2001, Winemaking Tasmania has now been placed on the market, providing the opportunity for ‘new blood’ to enter the market.
Metcash is expecting its earnings outlook to decline by 13 to 15 percent due to lacklustre grocery sales.
Fiona Nash has been censured by parliament for misleading the senate and failing to produce documents that allegedly proved she had adequate provisions in place that addressed her chief of staff’s co-ownership in a junk food lobby.
Peak lobby group, the Australian Food and Grocery Council (AFGC) has welcomed the release of the Victorian Government’s Food to Asia Action Plan.
Dr Steve Hambleton, president of the Australian Medical Association (AMA) has accused the Australian food industry of ‘undermining’ the Health Star Rating System.
The landmark case involving Steve Marsh, a Western Australian farmer who has accused his neighbour, Michael Baxter of contaminating his farm with genetically modified canola has wrapped up in the state’s Supreme Court, however the final verdict is not expected to be handed down for another few months.
New research has found that decreasing versatility in diets around the globe is making the food supply more susceptible to climate change related threats.
The South Australian government has announced that it will invest $6m to boost food, wine and fibre production under the agribusiness accelerator program should it get re-elected this month.