Treasury Wines receives revised takeover proposal
August 4, 2014

Treasury Wines receives revised takeover proposal The Board of Treasury Wine Estates Limited (TWE) has announced that it has received a revised, indicative, non-binding and conditional proposal to acquire all of the shares of TWE at a price of $5.20 cash per share on behalf of funds managed by global investment firm Kohlberg Kravis Roberts & Co. L.P. (KKR) and private equity firm Rhône Capital L.L.C. (Rhône) by way of a scheme of arrangement. The revised proposal reflects an increase of $0.50... ...Read more »

Australian wine exports to Japan set to grow
July 21, 2014

Wine exports set to grow in Japan after free trade agreement The signing of a Japan Australia Economic Partnership Agreement (JAEPA) by Prime Ministers Shinzo Abe and Tony Abbott “opens the door for increasing wine exports”, according to the Winemakers’ Federation of Australia. Winemakers’ Federation of Australia Strategy & International Affairs General Manager Tony Battaglene said the agreement was good news for the Australian wine industry. “Resolving the trade agreement with Japan... ...Read more »

France introduces ‘home made’ label for restaurants
July 16, 2014

France has introduced a new “homemade” label for chefs cooking meals from scratch, because microwaved or pre-packaged dishes had become more common. France introduces ‘home made’ label for restaurants A decree published Sunday 13 July 2014 in the French Government’s Official Journal stated that, starting Tuesday 15 July 2014, French restaurants will be able to hang up a “homemade” logo if the in-house chef makes everything, or next to specific dishes on the menu. It has been... ...Read more »

Magnetised wine sparkles in less time, study
June 10, 2014

Magnetised wine sparkles in less time, a study has found Food and drink researchers have found a new way to produce sparkling wine using magnetised yeast – a process that they said reduced the time taken to remove waste yeast from weeks to minutes. The research will be published in the July 2014 issue of the Biochemical Engineering Journal. The traditional method of producing sparkling wine – Méthode Champenoise – uses yeast to create a secondary fermentation to produce carbon dioxide (CO2)... ...Read more »

Treasury Wines rejects takeover proposal
May 21, 2014

Treasury Wines has rejected a takeover bid from US-based global investment firm Australian winemaker Treasury Wine Estates Limited (Treasury Wines) has rejected a takeover proposal of $4.70 cash per share from US-based global investment firm Kohlberg Kravis Roberts & Co. L.P. (KKR), saying it does not properly value the Company. While it owns 80 brands in total, the Penfolds wine brand is central to Treasury Wines operation as a premium winemaker. The Penfolds brand was founded in Australia in... ...Read more »

Liquor retailing dominated by supermarkets, sheltered from price wars, IBISWorld
April 30, 2014

Liquor retailing is growing, and sheltered from supermarket price wars Much has been reported on the battle for consumers’ hearts, minds and money by Australia’s two biggest supermarket groups, and liquor retailing may yet play a key role for the two giants in their battle for market-share supremacy, according to market research organisation IBISWorld. IBISWorld said it expected revenue from the liquor retailing segment to increase by an annualised 3.3 per cent over the five years through 2013-14,... ...Read more »

Australians drinking less alcohol, ABS figures show
April 9, 2014

Australians are drinking less Australians are drinking less alcohol overall than any time in the previous 15 years, according to recent figures from the Australian Bureau of Statistics (ABS). “Across all alcoholic beverages, there were 9.9 litres of pure alcohol available for consumption in 2012-13 for every person in Australia aged 15 years and over,” said Louise Gates, Director of Health from the ABS. “This is the lowest level since the mid-1990s,” she said. The ABS said the decrease was... ...Read more »

Lion dairy business facing tough conditions, while Bega sees growth
February 24, 2014

Australian-based dairy businesses have coped differently with 'difficult' market conditions Food and beverage company Lion has announced its Dairy and Drinks business experienced “significant margin pressure” in the 2013 year, while dairy business Bega Cheese has reported a positive start to the 2014 financial year, showing growth in its half yearly results. Bega’s ‘strong business model’ sees growth in difficult trading environment New South Wales based dairy company Bega Cheese... ...Read more »

Ingredients in chocolate, tea and berries could guard against diabetes
February 3, 2014

Compounds in blueberries, tea and chocolate could guard against diabetes Eating high levels of flavonoids including anthocyanins and other compounds found in berries, tea and chocolate could offer protection from type 2 diabetes, according to research from the University of East Anglia (UEA) and King’s College London. The findings, published on 20 January 2014 in the Journal of Nutrition, showed that high intakes of these dietary compounds were associated with lower insulin resistance and better... ...Read more »

Coopers maintains growth momentum as Australians’ alcohol preferences change
January 28, 2014

Coopers has continued to grow, despite general Australian beer downturn Australian beer company Coopers Brewery enjoyed record beer sales for the 2013 calendar year, moving beyond the 70 million litre mark for the first time in the Company’s history, as market research organisation IBISWorld findings showed Australians’ alcohol preferences are moving towards more ‘boutique’ alcohol products. Coopers beer sales continue to grow The Company said total beer sales in 2013 reached 72 million litres,... ...Read more »

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