Australia: Bega Cheese announces record profit
Australian dairy producer Bega Cheese has posted record profit for its 2013/14 financial year, ABC Online and The Business Spectator report. Bega posted a total net profit of A$66 million ($61 million), up 160 % on the A$25.4 million it booked in 2012/13, much of which was attributed to the company’s sale of Warrnambool to […]
Australia: McKenzie’s unveils 10 new store cupboard items
Ward McKenzie (McKenzie’s), an Australia-based producer of staple foods including pulses and legumes, seasonings and cereals, has announced the launch of more than 10 new store cupboard items as it looks to expand its range. Among items already launched are coconut and quinoa flours, suitable for both sweet and savoury dishes, that the company says […]
India: Carlsberg ups investment in drive to boost sales
Danish brewery Carlsberg is to invest Rs 200 crore ($32.9 million) in India in an attempt to revive its sales in the country, the Economic Times reports. The investment is designed to increase the popularity of its products and help it compete with other major players including Heineken, United Breweries and SABMiller. Currently Carlsberg only […]
Australia: Greene St Juice Co launches cold-pressed juice
Melbourne-based company Greene St Juice Co has launched a range of cold-press juice – dubbed “organic elixirs” – in Australia. Promoted as being made with Australian produce and featuring selected herbs and super foods, the line is based on a belief “that local organic produce has a powerful vibration of healing energy and balance for […]
India: Britvic to enter the market with Robinsons Fruit Shoot
Britvic, the British soft drinks company, is set for expansion into Asia by launching its products in 25,000 stores in India over the next three months, the Economic Times reports. Britvic will reportedly begin by introduced its top-selling product Robinsons Fruit Shoot in ten Indian cities to compete with local company Dabur’s Real brand of […]
India: ITC moves into e-cigarette business
ITC, India’s largest cigarette manufacturer, has announced that it is intending to expand its business by moving into the electronic cigarettes market, the Economic Times reports. According to company chairman YC Deveshwar, ITC is in conversations with government to develop a framework under which its range of e-cigarettes can be launched. Mr Deveshwar said that […]
New Zealand: Frucor launches V Double Espresso Iced Coffee
New Zealand beverage manufacturer Frucor has announced the launch of a new version of its V branded iced coffee – V Double Espresso. According to information, the product follows the traditional V Iced Coffee recipe but contains twice the ‘hit’ of caffeine and guarana with 322 calories per 475ml bottle. Initially launched for two weeks […]
New Zealand: Universal Robina acquires Griffin’s
Universal Robina, the Philippines-based food conglomerate, has purchased the New Zealand biscuit manufacturer Griffin’s for $700 million, Business Day reports. Griffin’s has around 800 employees and produces brands including Gingernuts, Cookie Bear, MallowPuffs and Nice & Natural from its two factories in Auckland. The company will be acquired by Universal Robina from Pacific Equity Partners, […]
India: Carrefour winds down operations
Groupe Carrefour (Carrefour), the multinational supermarket group, is set to abandon its operations in India, the International Business Times (IBT) reports. Carrefour has been active in the Indian market since 2010 but operated a total of only five wholesale outlets due to the protectionism that has hampered many foreign distributors’ efforts in the country, LSA […]
India: Pernod Ricard to launch Absolut limited edition
Pernod Ricard has unveiled plans to launch its first limited edition Absolut vodka in India, the Economic Times reports. The new product will not only be the first time that Pernod Ricard has released a limited edition in the country but will also have a specifically Indian theme. Working in partnership with Talenthouse India, the […]