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Finance

Finance Archives

Chobani spends $1.34 billion to acquire rival

Chobani acquires La Colombe for $1.34 billion

The acquisition was financed by a newly issued $820 million term loan, cash on hand, and the exchange of Keurig Dr Peppe...

Bubs achieves record US revenue despite supply shortages

The company achieved a record weekly revenue of more than $770,000 in November.

World food prices hold steady in November, says FAO

The agency's dairy price index rose 2.2 per cent from October, led by high demand for butter and skimmed milk powder in ...

US-UAE climate-friendly farming effort grows to US$17 billion 

Globally, food and farming contribute about a third of anthropogenic greenhouse gas emissions, according to the UN's Foo...

Ferrero-related company in exclusive talks to acquire Michel et Augustin

The acquisition is expected to be completed in the coming months.

Chemist Warehouse set to be listed

Sigma Healthcare requested a trading halt after details of the reverse takeover deal reached mainstream media.

Metcash’s revenue rises amid higher food, liquor, hardware sales

Metcash's food sales, excluding tobacco, rose 5.7 per cent while liquor sales climbed 2.4 per cent.

Australian 7-Eleven business sold for $1.71 billion

The Withers and Barlow families which own 7-Eleven in Australia have been looking to sell the business since early this ...

Retail Food Group to acquire Beefy’s Pies for $10 million

There will be no immediate changes to Beefy’s team, supply partnerships and operations.
FMCG: Kim Kardashian-led firm buys minority stake of hot sauce brand

Kim Kardashian-led firm to buy premium condiments brand Truff

The brand offers a range of truffle-infused products, including hot sauce, pasta sauce, mayonnaise, oil, and salt.

ACCC clears way for Bega’s purchase of Betta Milk, Meander Valley Dairy

The acquisition is now subject to the finalisation of the remaining conditions precedent.
Australian Beer Co expands RTD presence with Ampersand acquisition

Australian Beer Co expands RTD presence with Ampersand acquisition

Founded in 2018 by Marcus Kellett, Shaun Rankins, and Alex Bottomley, Ampersand Projects is the company behind Vodka Sod...

Suntory Oceania: a new multi-beverage partnership in Australia and NZ

Beam Suntory and Frucor Suntory have announced a new $3 billion partnership, Suntory Oceania.
Inside Retail & Centric Software

PLM is removing compliance bottlenecks for FMCG companies: here’s how

PLM can save a fast-moving consumer goods company as much as 35 per cent of their administration costs. 
IFMCG Kiwi oat milk brand All Good looks to raise $1m for global expansion

Kiwi oat milk brand All Good looks to raise $1m for global expansion

The company is looking to accelerate its expansion plans into Asia and the Middle East, and to develop new products.

Foodstuffs plans to merge North, South Island operations

Each cooperative will hold a special general meeting in June next year where members will vote on the proposal.

Coty’s revenue rises on double-digit prestige, consumer beauty sales growth

Net revenue of the company's prestige segment jumped 23 per cent to US$1.06 billion.

China ready to welcome likely return of Aussie wine as ties improve

News that punitive tariffs on Australian wine introduced by China in 2021 would be reviewed as part of a push to improve...
Coca-Cola buys Finnish vodka label Finlandia for $342 million

Coca-Cola buys Finnish vodka label Finlandia for $342 million

Established in 1970, Finlandia is one of the leading vodka brands in Central Eastern Europe with annual volumes of 2.7 m...

Treasury Wine Estates pays $1.4 billion for luxury US winery Daou

The acquisition will provide a scale to support TWE's future standalone Treasury Americas Luxury division.