10 March 2025
Constellations cuts debt with UK cider sale
Wine firm Constellation Brands has announced the completion of the sale of its Gaymer Cider Company business to C&C Group PLC of Dublin.
The ASX and NYSE-listed company sold their UK cider business for a purchase price of £45 million (A$80m).
“The company expects to use the proceeds from the sale to reduce borrowings,” they said in a statement a week after reporting a four per cent drop in third quarter sales.
The food poisoning find that 'could save lives'
RESEARCHERS at The Australian National University (ANU) have made a discovery that has the potential...
Unilever now able to recycle plastic sachets
Global consumer goods producer, Unilever, has developed new technology which will allow it to recycl...
Australian agribusiness export concern on Trump election
Australian farmers are worried that the overtly hostile rhetoric of President-elect Trump toward imp...
Food co-operatives contribute significantly to NZ economy, study
A new study has found that co-operatives contribute significantly to the New Zealand economy, along ...
Peters Ice Cream Parent Company Froneri Acquires Tip Top Ice Cream
New Zealand’s iconic ice cream company has a new owner, after global ice cream company Froneri toda...
McDonald’s plans massive China expansion
McDonald’s has announced expansion plans for China, hoping to almost double its presence in the coun...
Nestle plans to cut sugar but not taste, new science breakthrough
It may seem almost too good to be true, but Nestle says it has found a way to significantly cut the ...
Surprise Kraft Heinz Unilever acquisition bid withdrawn
Unilever has rejected a takeover offer from Kraft Heinz worth approximately US $143 billion.