The Australian subsidiary of Japanese food giant, Kirin, has taken a 9.99 percent stake in Warrnambool Cheese and Butter, solving the mystery as to why the dairy’s shares soared as high as $9.30 on Tuesday.
At a time when Australian owned businesses are under extreme pressure from cheap imports and rising operational costs, pressure is mounting to keep successful processors, such as Warrnambool Cheese and Butter in Australian hands.
The Australian Food and Grocery Council (AFGC) has released its fifth annual economic snapshot of the food and beverage, grocery and fresh produce industries, titled State of the Industry 2013.
Treasury Wines Estates could be facing a class action by shareholders over the $160m write-down in stock which led to a 12 percent drop in shares and the ejection of chief executive, David Dearie.
The 11th edition of the AFGC and CHEP Retail Index has been released, suggesting that slowing year on year retail sales may result in a challenging trading period during the festive season.
Following the company’s annual general meeting, Warrnambool Cheese and Butter Factory Company Holdings Limited (WCB) have announced some changes to the company’s board.
Consumer watchdog Choice has raised concerns over the ‘highly secretive’ Trans-Pacific Partnership (TPP) trade deal, and is calling upon the Federal Government to release the contents of the negotiations.
The bidding war for Warrnambool is showing no sign of slowing down as Saputo posts a revised takeover offer of $8.00 cash per share.
A report released today by the Australian Workforce and Productivity Agency (AWPA) has found that Australia’s food industry needs more highly skilled workers to grow new export markets in the Asian region.
Vegetable processor Simplot has announced that its Tasmanian Devonport plant will remain in operation for at least another three years to fulfil its contracts with both Coles and Woolworths.
Treasury Wine Estates chairman, Paul Rayner has sighted poor reporting systems as a key factor in the company’s decision to write-down $154.3m in inventory.
A recent report commissioned by The National Australian Bank has found that demand for safe, clean and nutritious food will be a major driver for Asian activity in Australia’s agribusiness/ food sectors over the next five years.
Following its scheduled October review, Warrnambool Cheese and Butter has announced a further step up for the 2013-14 season with a 16 cents per/kg increase in Butterfat and a 40 cents per/kg increase in Protein.
Warrnambool Cheese and Butter has responded to Murray Goulburn’s takeover bid stating that it was not aware of the co-operatives intention to make an offer until it as announced on Friday.
Murray Goulburn has entered a bid for Warrnambool Cheese and Butter, making it the third dairy company to enter a takeover offer.
Consumers are bombarded with marketing messages 24/7, so for today’s food brands and manufacturers, the creation of successful advertising campaigns has become very challenging.
New Zealand dairy giant Fonterra has announced its plan to invest $72 million into its Clandeboye mozzarella plant as the company expands its share in the global foodservice market
British celebrity chef and good food activist Jamie Oliver will be setting up NSW’s first Ministry of Food Centre at the Stockland Wetherill Park Shopping Centre.
Warrnambool Cheese and Butter has released a Target’s Statement to shareholders urging them to ‘ignore’ any documents sent to them by Bega Cheese Limited regarding the acquisition of WCB shares.
An Innova Market Insights reports has found that savoury biscuits accounted for 10 percent of global new product activity in bakery products for the year ending July 2013.