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

IVE is continuing to shift its business towards higher-value services and applications, with packaging among the areas offering opportunities as traditional print face ongoing structural pressure.

Zipform Packaging CEO John Bigley will retire in October, bringing to a close a long career spanning metal and fibre packaging, industry leadership and manufacturing innovation.

Close the Loop’s packaging division has delivered double-digit revenue growth and a 48% increase in EBITDA, emerging as the strongest performer in a year marked by extensive restructuring.