This Month
Perichs’ dairy giant hands on Vic farm to Qld egg producer
In a deal worth close to $55m, one of the country’s biggest dairying businesses has sold a Victorian farm to one of Australia’s major egg producers.
February 2022
Noumi to pay $860k in local legal costs of its supplier
The group formerly known as Freedom Foods will pay the Australian legal costs of its supplier Blue Diamond Growers to settle a long-running dispute.
November 2021
Freedom Foods sheds name and rocky past
The UHT milk and plant-based drinks maker held its AGM on Thursday when a largely refreshed board survived a spill motion.
Blue Diamond court case costs Freedom Foods $48m
The plant-based drinks and UHT milk manufacturer will also now issue a second tranche of convertible notes to pay the hefty settlement.
October 2021
Freedom Foods not out of the woods yet
Auditor Deloitte says two class actions and US legal proceedings means the manufacturer is facing material uncertainty that may cast significant doubt on its ability to continue as a going concern.
August 2021
Fixing Freedom Foods cost $28m, with more to come
The plant-based drinks and UHT milk manufacturer posted messy full-year results and warned the outlook was uncertain.
Secret briefings reveal fears airport project could be ‘held captive’
Government documents reveal senior bureaucrats were worried development of the Western Sydney Airport could be ‘held captive’ by Leppington Pastoral Company.
Freedom Foods sales gain on plant-based beverage boom
Revenue from continuing operations rose 4.3 per cent quarter on quarter thanks to strong growth in long-life dairy and plant-based beverages.
May 2021
Freedom Foods loses appeal; will face US arbitration
The major almond drink supplier will move ahead with arbitration, where the Australian manufacturer may face a damages bill of $21 million.
Freedom Foods recap plan secured after options, notes approved
Freedom Foods chairman Genevieve Gregor has pulled off a highly complex recapitalisation, which has saved the company.
Perich the thought: notes issue oversubscribed
The family investment vehicle, Arrovest, will wind back the size of its placement to $126.1 million compared with the previously announced $135 million.
Freedom Foods in trading halt pending capital-raising details
The company is seeking to raise up to $265 million and the take-up will dictate how much money its key investors, the Perich clan, will tip in.
Freedom Foods says Q3 sales slide, pays $4.45m to Perich companies
The UHT milk and plant-based drinks maker backed by the wealthy farming clan is still aiming to have its complex recapitalisation finalised by May 27.
March 2021
Freedom Foods milk supply contract ‘at market price’
Industry sources raised issues about whether the milk deal – which has always been disclosed in the company’s accounts – provided to the Perich family owned-farms was superior to what other farmers receive.
Freedom Foods’ plan to tame US almond growers
New chairman Genevieve Gregor is hoping to back Blue Diamond into a corner, and allow the Australian manufacturer to rebuild after a horror year.
Freedom Foods dives by 82pc as hiatus ends
Investors rushed for the exit as the company returned to the ASX after a nine-month break, slashing the Rich Lister Perich family’s stake by $353 million.
Freedom Foods to make ASX return on Monday as it aims to raise $265m
As the company ends a nine-month hiatus from the ASX, analysts have questioned the timing of the late lodgment of a slew of documents on Friday evening.
Freedom Foods poised to raise $260m
If the manufacturing company is successful in raising capital, trading in its shares could resume as early as Monday.
Freedom Foods is milking it
A whistleblower has raised concerns that Freedom Foods may be breaking the Food Standards Code over its production process of its UHT milk at its Shepparton factory in Victoria.
Freedom Foods D-Day remains mid-March
The maker of UHT milk and plant-based drinks warns on the company’s outlook after its interim net loss narrowed from the year-earlier period.