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South Australia-based Never Never Distilling Co will join Carlton & United Breweries’ stable, following its acquisition by CUB’s parent company, Asahi Beverages, for an undisclosed sum. Read more
Every week, Food & Drink Business editor Kim Berry brings you the latest news in the food and beverage manufacturing sector. This week: Asahi Beverages, CUB, Never Never Distilling, Woolworths, Endeavour Group, Treasury Wine Estates, third quarter reporting, General Mills, Coles, Foodbank Australia, Chobani, Just Wines, Liquor Loot, Lion, and the potential power of Bush Foods.
In this episode, Food & Drink Business editor Kim Berry is joined by Food Futurist, Tony Hunter, to discuss some of the latest food tech developments around the world and their potential impacts on food and beverage R&D.
An impressive number of quality entries across The Hive Awards’ nine categories created a highly competitive line-up for judges to consider the exemplar of excellence and innovation in Australia’s food and beverage manufacturing sector.
When you are launching an industry awards program for the first time, it can be a leap for a potential sponsor to visualise what you can see so clearly in your head. Say hello to the inaugural sponsors of The Hive Awards.
Welcome to The Food & Drink Business Top 100 Food & Drink Companies 2023 report. Compiled in collaboration with IBISWorld, this flagship report ranks by revenue Australia’s biggest players in the food and drink sector. Who made it into the Top 10, which companies rose in the ranks with impressive revenue growth, and which ones fell – it’s a fascinating informative glimpse into Australia’s largest manufacturing sector.
The seemingly unstoppable rise in ready-to-drink (RTD) beverages is well documented. So, what are the key factors driving this trend and the implications for the beverage companies manufacturing them? As Lion launches the RTD Kirin Hyoketsu Lemon into the on tap format, Lion’s RTD brand director, Penni Terrey, talks to Food & Drink Business about just what makes this category so successful and where it’s heading.
Onions that don't make you cry are returning to Woolworths stores after a successful trial in New South Wales and Victoria last year. Happy Chop Tearless Onions are less irritating to the eyes and have a sweeter taste.
Shareholders will be the beneficiaries of Woolworths Group selling five per cent of its stake in Endeavour Group. The block trade, at $5.22 per share, will raise $468 million, with Woolworths saying the proceeds would be returned to shareholders.
Research led by the University of Queensland (UQ) has uncovered substantial health benefits within the ancient (it was first found in the Jurassic period) and culturally significant bunya nut (Araucaria bidwillii).
Noumi recorded a positive third quarter, with revenue up 5.6 per cent to $137.5 million on 3Q23. Its Plant-based Milks business rose 12.5 per cent to $42.7 million, while Dairy and Nutritionals rose 2.8 per cent to $94.9 million.
Coles Group reported a 5.1 per cent increase in sales revenue to $9.1 billion in 3Q24, with comparable sales growth of 4.2 per cent. The Group’s third-quarter sales up 3.4 per cent to just over $10 billion.
Confectionery company Yowie recorded a ($1.07 million) loss in 3Q24 due to cost overruns, with its Easter production and the planned shutdown of the Ernest Hillier factory for major upgrades.
Bubs Australia says its 3Q24 results show the company is on track to exceed its FY24 forecast of $100 million gross revenue, with an underlying gross margin of 40 per cent.
General Mills and Coles have collaborated to support Foodbank Australia. In the month of May, for every packet of Latina Fresh Ricotta and Spinach Agnolotti sold in Coles, General Mills will donate a packet to Foodbank. The campaign builds on its existing monthly supply agreement with the food relief agency.
Yellowstone Bourbon’s signature serve, Yellowstone Select Kentucky Straight Bourbon Whiskey, is now available in Australia, with a history dating back to 1872.
Kakadu plum, a native bushfood, has proven to be a promising natural alternative to synthetic chemicals used to preserve meat, according to University of Queensland research.
From a chance tasting in Los Angeles to seeing a gap in the Australian market, Emlyn Gavin and Oliver Budniak set about creating Australia’s first alcoholic kombucha, Bower Hard Kombucha. Pippa Haupt spoke to Emlyn Gavin.
Endeavour Group says joining the Sustainable Wine Round Table will help it work with suppliers to develop and implement meaningful sustainability initiatives. Endeavour is the first Australian retailer to join SWR.
Sales at Amcor fell by seven per cent in the Q3, but EBIT rose on the basis of what the company says was a strong cost performance, and the benefits of its restructuring initiatives.
Pact Group’s efforts to recycle used milk bottles and convert them into new bottles at its Laverton facility, has seen it win the Circular Economy Award at this year’s Chemistry Australia Industry Awards.
Raphael Geminder has given Pact shareholders until 7 June to accept his 84c a share offer, saying that will be his best and final offer, as his long-running attempt to take control of the business comes to a head.
