Close×

Amazon's deal to buy US supermarket chain Whole Foods Market is likely to further rattle the local food and beverage industry ahead of its Australian launch.

Amazon, which in April confirmed its intention to launch in Australia, bought the US grocery retailer for $US13.7 billion ($18 billion).

The chain, which mostly operates in upmarket locations and markets itself as 'America's healthiest grocery store', has been struggling, according to The Australian Financial Review.

The deal is reportedly the biggest ever for the e-commerce giant, and will significantly lift its bricks and mortar presence.

Packaging News

Visy has developed a new fibre-based, thermal insulation solution called Visycell, which could help drive the shift away from expanded polystyrene in the food delivery supply chain.

Trading results for the first three months of this calendar year at Pro-Pac Packaging have continued to perform below expectations. The company has now brought in a business turnaround specialist.

The early bird rate for the 2025 Australasian Packaging Conference, to be held on 6-7 May at the Sofitel Sydney Wentworth, NSW, is closing on 4 April.