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Finance

Finance Archives

Omicron variant hampering hospitality industry’s recovery

The industry has been plagued with cancelled reservations and staff unable to work due to positive Omicron variant cases...

McDonald’s Yagoona store reopens, 50 years since first restaurant unveiled

The new McDonald’s Yagoona reduced the Hamburger to its original 20 cents for two hours.

P&G recalls Aussie product after carcinogens found

P&G did not disclose the number of recalled products, which were distributed through retail and online outlets.

Sustainable Nutrition Group buys Australian Superfood Company

ASX-listed Sustainable Nutrition Group is to purchase The Australian Superfood Company, for $3 million.

7-Eleven’s $6m investment in Western Australian store growth

According to 7-Eleven Area Lead – WA, Nick Maddox, the company’s upcoming investment will deliver a host of new convenie...

Harvest Road takes stake in alt-meat maker ProForm Foods

Agri-food business Harvest Road has taken a strategic minority stake in alt-meat protein company ProForm Foods, owner of...

Wesfarmers moves to block Woolies’ bid for API

According to Wesfarmers, a growing number of pharmacists and chemists find the overlap between Woolworths’ products and ...

L’Oreal buys US vegan brand Youth to the People

The brand is expected to record more than US$50 million of sales this year.

Kraft Heinz to take control of DTC brand Just Spices

The acquisition is expected to be completed in the first quarter of next year.

ACCC issues last warning to winemakers over unfair practises

The warning comes after a two-year investigation into the industry which found “concerning” issues in the supply chain l...

Woolworths’ first half succumbs to Delta’s strain

Sales growth in the half fell to 3 per cent throughout the half, compared to the 10.6 per cent seen this time last year.

New China import rules bring headaches for food and beverage makers

"We're heading for major disruptions after Jan. 1," said a Beijing-based diplomat from a European country who is assisti...
Patties Foods relaunches its Ruffie Rustic Foods meals range entirely meat free

Patties Food to be sold off in the next two weeks – report

While details are currently scant, the deal could reach $700 million and is now a key focus for PEP following the $1.17 ...

Pet Circle raises $125m to become Australia’s latest unicorn

The business, which was founded a decade ago, saw massive growth throughout the pandemic due to more people taking on pe...

Nestle trims L’Oreal stake with $10 billion sale

L'Oréal stock ended Tuesday up 3.96 percent at 424.8 euros while Nestle gained 0.1 percent to 121.9 Swiss francs.

Woolies starts construction on fulfilment centre in Western Sydney

The technology in place at the 22,000sqm site will allow hundreds of personal shoppers to pick and dispatch up to 50,000...

Metcash benefits from customers’ local shift throughout first half

Group CEO Jeff Adams said the businesses food, liquor and hardware pillars had all benefitted from Metcash’s position in...

Sigma expects earnings to fall in FY22

Sigma, which owns and operates Guardian, PharmaSave, and Amcal pharmacies, said with 10 months of the financial year com...

AuMake and Miniso to launch dual-branded stores in Sydney

AuMake will begin selling Miniso its products from three of its highest-traffic stores: Chinatown, World Sqaure CBD and ...

Cashed up brewer Heaps Normal has heady plans

The maker of low-alcohol beer is set to open a new production facility and a hospitality business that caters to consum...