Food and Beverages

NZ apple grower Scales slips on debut

The IPO had been priced at the bottom end of the indicative range.

McDonald's Hong Kong halts nugget sales over meat scandal

by AFP
Hong Kong's Centre for Food Safety orders the suspension of all imports from the Husi Food Company.

Food safety in China: Killing the chicken to scare the monkeys

Hundreds of thousands of small food producers sell into the Chinese supply chain, and government monitoring is selective. Foreign food chains will need to remain vigilant.

PepsiCo profit slips in Q2

Food and beverage giant lifts FY earnings outlook as revenue rises.

Five held in China expired meat scandal

by AAP
Company officials detained for alleged supply of expired meat to fast food giants.

China probes meat scandal as foreign brands blasted

by AFP
Chinese police are questioning staff of US food supplier OSI Group for selling expired meat.

McDonald's profit flat in second quarter

by AAP
Fast food giant sees revenue lift 1.4 per cent, misses forecasts.

Yum Brands, McDonald's suspend China meat purchases from supplier

Shanghai-based, U.S.-owned supplier under investigation for allegedly selling expired chicken and beef.

PEP sells Griffin’s Foods to Philippine company

Pacific Equity Partners (PEP) has sold its New Zealand snack foods business Griffin’s Foods to Universal Robina Corp for $NZ700 million.

Falling shipments hit Philip Morris' Q2 profit

Profit falls amid shrinking sales for traditional smoking products.

Menora Foods mulls ASX listing

Food marketing and distribution business could be floated after strategic review.

Chinese firm buys UK's Pizza Express chain

by AP
One of Britain's best-known chain restaurants sold to a Chinese private equity firm for about $A1.64 billion.

No grocery price drop from carbon repeal

Woolworths says no reduction in prices likely from carbon tax repeal, Coles also refuses to guarantee price reductions.

ACCC warns on Coles' IGA purchases

Consumer watchdog concerned on Coles' planned takeover of four IGA stores in WA.

How to brew a family business

1 comment
Bundaberg Brewed Drinks was bought for a steal nearly 50 years ago. Many exploded vats of fizzy drink later, this third-generation family business now puts the pep in supermarket shelves across Australia.

Bright Food chases Aust takeovers

Chinese food and beverage giant interested in dairy and wine buys in Australia.

NZ IPO Scales weighs in at bottom of price range

The owner of grower, packer, shipper and exporter Mr Apple priced its IPO at the bottom of the range given in its prospectus.

Hospitality industry unprepared for chip and PIN transformation

As many as 10 per cent of customers have never used a chip and PIN on their card.

Carnegie eyes consumer goods fund

Venture capitalist seeking to raise $100m, already has small baking company in hand.