WESFARMERS on Friday entered into a trading halt as it provides details on its proposed $20 billion demerger of Coles, on which shareholders will vote November 15. If the demerger proceeds, which is subject...

AFTER a decade of turning Coles around, Wesfarmers will demerger their $20 billion supermarket business. Retail expert Gary Mortimer tells Australian Food News why Wesfarmers is cutting Coles loose, and...

Marcel Smits, the chief executive of Sara Lee, defended the US food group’s plans to split the business in two, amid questions over whether the move will benefit shareholders. Smits, who also admitted...

The owners of United Biscuits are reportedly looking to auction the company’s biscuits division for around GBP1.5 billion (US$2.39 billion), after China’s Bright Food walked away from talks...

Foster’s Group has announced a new lineup of key appointments for its planned demerged beer and wine businesses, Foster’s and Treasury Wine Estates. The company said that work on the potential...

Fosters announced yesterday that it has recieved and rejected an unsolicted expression of interest, from an international private equity firm, to acquire its wine business Treasury Wine Estates. The offer...

CSR Limited announced yesterday that the sale of Sucrogen to Singaporean food giant Wilmar International would be delayed, with the Foreign Investment Review Board issuing an interim order extending the...

Fosters has unveiled Treasury Wine Estates, the umbrella branding for its new demerged wine business. “The announcement today does not pre-empt any outcome for our demerger, nor does it represent fundamental...

British-based baked goods and snacks giant United Biscuits, producer of McVities, Carr’s, Jaffa Cakes, McCoy’s and Phileas Fogg, is rumoured to be next for the hammer, with UK news outlets...

CSR Limited has announced the sale of its newly spun-off sugar business, Sucrogen, to Singaporean agribusiness giant Wilmar International, for A$1.75 billion, rejecting previous offers from China’s...