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Finance

Finance Archives

Cultivate Food and Beverage buys Adelaide Hills Foods

Cultivate buys Adelaide Hills Foods, boosts production capacity

The acquisition aims to increase production capacity, create more inclusive employment opportunities, and expand its ret...

L’Oréal surpassed $1 billion in sales across Australia-New Zealand last year

ANZ region recorded the strongest growth globally for cosmetics giant.

Coles buys 20 stores of Federal Group’s bottle shop chain 9/11

Legal and regulatory permissions sought before Tasmanian deal is final.

Alter Eco Foods bought by private-equity investor Trek One Capital

Alter Eco said it sources its materials from farms practicing eco-friendly and sustainable measures.

Conditions satisfied: Sealord completes Independent Fisheries deal

This is the largest transaction in the seafood industry since Maori's acquisition of a 50 per cent stake in Sealord in 1...

Metcash in talks to acquire Quadrant’s Superior Food Group

Metcash has requested a trading halt on the ASX, pending an announcement.

Bubs’ revenue surges amid continued US momentum

Sales in the US market surged 498 per cent during the second quarter.

Hairydog and Barrel & Batch launch curated online liquor store

Barrel & Batch will showcase more than 3000 selected premium wines and spirits from Australia and overseas.

Woolworths flags $1.57 billion write-down in first half

The supermarket chain forecasts EBIT of its New Zealand unit to plummet 42 per cent year over year.
Wayward Brewing and LDC bounce back after administration

Wayward Brewing and LDC emerge from administration

The administrator recommended creditors accept the arrangement, noting that it would provide a better return to creditor...
Wayward Brewing collapses; creditors owed $2 million

Wayward Brewing collapses; creditors owed $2 million

The collapse was due to financial losses from decreasing consumer demand in the craft beer market and rising production ...

BWX liquidators confirm sale of Sukin

PNB Consolidated, headed by former BWX Group CEO John Humble, has snapped up the skincare brand.

Visy buys collapsed plastic recycling specialist

The company will send some of the material to its food grade recycled plastics manufacturing site in NSW.

7-Eleven to take over 230 rival stores in the US

7-Eleven agreed to acquire 204 stores from fuel distributor Sunoco LP.

Global energy drinks market reaches $62.89 billion in FY23

It is forecast to hit $83.83 billion in 2027.

Meditrina Beverages acquires Warburn Estate

The sale of Australia’s eighth-largest winery is expected to be completed in March.
Unilever diversifies with K18 haircare brand acquisition

Unilever diversifies with K18 haircare brand acquisition

The fast-growing brand has been well-received by consumers worldwide.

Danone sells Horizon Organic, Wallaby brands to private equity investor

The US dairy category is estimated at US$68 billion with milk comprising about $17 billion of that. 

Unilever sells personal care unit Elida Beauty to private equity firm

The business generated a turnover of around $1.3 billion last year.

Foodstuffs North and South Island seek merger clearance

Companies say they have set out why they believe the merger won't substantially lessen competition in any market.