Major companies gear up for Easter
With Easter 2014 fast approaching, major companies across the globe have unveiled their latest Easter product offerings, taking full advantage of what is seen as a significant holiday for the confectionery industry. In the UK, over 90 million Easter eggs are said to be sold each year, while in Australia and the USA consumers are […]
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 […]
Australia: Profit warning issued by Goodman Fielder
Manufacturer of bread and snack foods Goodman Fielder has announced it is expecting earnings (before interest and tax) to be approximately 10 to 15 percent lower than the previously expected $180 million in the 2014 financial year. According to Australian Food News, the company said that market conditions had changed since its interim result announcement […]
Australia: Harvey Fresh sold to Parmalat
Harvey Fresh, the Western Australian (WA) family-owned company, has been sold to Italian dairy group Parmalat for $117 million. According to Parmalat, the move into WA is aimed at improving its capacity to export into Asia and the Harvey Fresh brand will be retained on milk, cheese, cream and juice products. Four existing Harvey Fresh […]
Australia: Dick Smith to appeal OzEmite ruling
Australian food manufacturer Dick Smith is said to have filed an appeal against a decision to remove the trademark registration of the company’s OzEmite yeast spread. According to Australian Food News (AFN), the appeal was filed in the Federal Court of Australia on 18 March 2014, and will be a rehearing of the removal application […]
India: 100 new Modi-Revlon store openings planned in next three years
The cosmetic company Modi-Revlon has announced plans to open 100 new outlets in the next three years in India. The outlets will be mainly located in shopping centres across the country with the aim of providing consumers with easy access to Revlon cosmetics. “India has always been a priority market for Revlon with its ever-growing […]
Japan: Tate & Lyle expands activities with new direct sales capabilities
In a move to develop its commercial operations, Tate & Lyle has announced the opening of a new office in Japan which is said to expand direct sales by giving the country’s food and drink companies direct access to a “team of experts to develop the next generation of food and beverage products”. According to […]