The new chairman and chief executive of Freedom Foods Group has addressed concerns around opaque milk purchasing contracts with a company partially owned by the Perich family, which is also the manufacturer’s main backer.
Industry sources raised issues about whether the milk deal – which has always been disclosed in the company’s accounts –provided to the Perich owned-farms was superior to what other farmers receive.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
