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

A group of 190 Coles investors is calling on the supermarket group to disclose its plastic packaging footprint and set a reduction target, following Woolworths’ first publication of a plastic-intensity figure.

IVE has officially opened its new Kemps Creek printing supersite in Western Sydney, with MD Matt Aitken telling guests its packaging hall is “modelled on the best examples we have seen across Europe”.

Tetra Pak has appointed Michael Wu as managing director of its Oceania business, with responsibility for the company’s operations across Australia and New Zealand.