Australia: Big Sister Foods goes into receivership
Australian baked foods manufacturer Big Sister Foods has reportedly collapsed, with receivers PPB Advisory now said to be looking for buyers. According to Australian Food News, the company has been in operation since 1945 and employs around 100 people in New South Wales. PPB Advisory said that Big Sister Foods had recorded annual revenues between […]
Australia: Goodman Fielder rejects takeover proposal
It has been reported that food manufacturer Goodman Fielder has rejected a takeover proposal from agribusiness group Wilmar International Limited (Wilmar) and Hong Kong based investment company First Pacific Limited (First Pacific). According to Australian Food News, the company has said the proposal “undervalues Goodman Fielder” and is “opportunistic”. The takeover, offered to the company […]
India: Mahou San Miguel invests in India with Arian acquisition
The Spanish brewery Mahou San Miguel has created its first wholly owned subsidiary in India with the 100% acquisition of Arian Breweries & Distilleries Ltd. Mahou San Miguel had previously acquired 50% of the company, owned by a local family, two years ago. Alberto Rodriguez-Toquero, CEO of the company commented: “They have been two exciting […]
Australia: Cadbury to import fairtrade cocoa and support PNG farmers
Cadbury Australia, part of the Mondelez International group, has recently announced its partnership with agribusiness Monpi Cocoa Exports to begin importing Fairtrade cocoa beans from Papua New Guinea (PNG). As reported by Australian Food News, Cadbury has been supporting the efforts of Club 3000, a group of smallholder cocoa farmers, to sell its cocoa under […]
Australia: Monster Health Food launches Health Star Rating
Australian owned and made breakfast foods company Monster Health Food has become the first manufacturer in Australia’s to display a new Health Star Rating. According to Food & Drink Business, the Health Star Rating system, which was developed by industry, consumer, and public health groups, aims to provide an overall indication of a food’s nutritional […]
India: Diageo aims to increase stake in United Spirits
Diageo Plc, the multinational beverages company based in London, has offered $1.9 billion to increase its stake in India´s United Spirits Ltd. At the moment Diageo holds 28.8% of United Spirits and if successful, would end up with 54.8% of the India´s largest spirit company, offering 3,030 rupees ($50.30) per share. Even though two-thirds of […]
Australia: Coca-Cola Amatil debt rating downgraded as shares continue to fall
Coca-Cola Amatil (CCA) has had its credit rating cut by Standard & Poor’s (S&P), taking the company from A- to BBB+. The cut is said to be due to weak profit margins continuing to impact operating performance. According to the ABC, S&P said the new rating is still investment grade and Coca-Cola’s outlook remains stable […]
India: ‘Za’ by Shiseido will be launched in the second quarter of the year
The Japanese high-end skincare and makeup company, Shiseido Co., is due to launch its ‘Za’ brand by the second quarter of the year on the market in India, according to Yu Okazana, Shiseido Corporate Executive Officer & Director of the Shiseido Board. The company plans to sell in 250 retail outlets by the end of […]
Australia: Bulla & Mondelez to launch Marvellous Creations ice cream
Bulla Dairy Foods, the Australian owned and run dairy company, has recently announced a licence to produce a frozen range of Mondelez Australia’s Cadbury Marvellous Creations. According to Food Magazine, the popularity of the Marvellous Creations line has increased since 2012, with new flavours added in mid-2013. Now the brand is making the switch from […]
Indonesia: Fonterra starts construction of new plant
Fonterra, the New Zealand-based dairy company, has begun construction on its first blending and packing plant in Indonesia. Designed to support the growth of Fonterra’s brands such as Anlene, Anmum and Anchor Beneeto, the plant is located in West Java and is the company’s largest investment in the last 10 years. According to Australian Food […]