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Finance

Finance Archives

Mighty Craft snaps up Adelaide Hills Group liquor brands

Co-founders - Sacha La Forgia, Ewan Brewerton, Steve Dorman and Toby Kline, will remain working for the businesses to fu...

JBS Foods paid hackers US$11 million to end ransomware attack

"This was a very difficult decision to make for our company and for me personally," said Andre Nogueira, CEO.

ACCC gives Woolies, PFD acquisition the thumbs up

The ACCC will not oppose Woolworths Group’s plan to acquire food distributor PFD Food Services following a detailed inve...

“Flawed from the outset”: Behind the downfall of David Jones Food

David Jones’ parent suggests a move towards concessions model and longlife products to save ailing food business.

Mad Paws to buy dog-treats subscription business Waggly Club

Waggly Club revenue has surged from $800,000 to $1.5 million from FY 2020 to FY 2021.

Peanut butter packaging stoush ends in $9.25 million settlement

After years of failed legal action, Kraft and Bega have entered a confidential settlement.
Subscription service Beer Cartel to sell shares to public

Subscription service Beer Cartel to sell shares to public

The alcohol delivery business aims to raise $1.5 million through equity crowdfunding with Birchal to fund its growth and...

Good. Different? Aldi follows rivals on self-service and e-commerce

Aldi Australia is rolling out self-service technology to select stores in NSW and taking its first steps in e-commerce.

Woolies makes major power purchase agreement in NSW

The deal will power a third of NSW supermarkets and avoid around 158,000 tonnes of carbon emissions each year.

Nestle internal memo suggests 60 per cent of its products are unhealthy

More than 60 per cent of Nestle's mainstream food and drinks portfolio could not be considered healthy under a "recognis...

Woolworths launching stand-alone payments platform, Wpay

Woolworths is launching its own stand-alone payments platform, Wpay, which will power payments inside and outside its gr...

US Supreme Court rebuffs J&J appeal over $2 billion baby-powder judgment

The justices turned away a J&J appeal and left in place a Missouri state court ruling in litigation brought by 22 women ...

Hemp-based skincare brand Hey Bud bags $2 million to fuel bricks-and-mortar growth

The founders aren’t able to name their new investor, but they do reveal it’s a private investor with a significant prese...

Stagnant salaries driving wedge between employers, staff: Hays

More retail professionals can expect a pay rise this year, though it may not be at the level they are hoping for.

David Jones Food review leads to end of BP partnership

“Our organisations have collectively agreed to work through a managed transition that will see our relationship end in t...

Victoria enters snap seven-day lockdown

Victorians will only be able to leave the house for key reasons, which don't include retail beyond basic groceries.

Greater China drives profit growth for Fonterra

CEO Miles Hurrell said the company achieved higher margins and reduced its operating expenditure, despite the challenges...

Foodstuffs sells off stake in The Warehouse Group, losing $50m

The sale will give Foodstuffs a minimum of $101 million – a massive $50 million drop on the price it paid for the shares...

Inaugural ‘Australian Made Week’ kicks off today

The campaign hopes to boost sales for local manufacturers and retailers, and help support businesses and communities whi...

Q&A: How Co-Lab Pantry found a niche in the crowded online grocery sector

Having worked together previously, Natasha and Daniel Lebon sparked up a conversation at the beginning of the pandemic, ...