Yesterday
Fonterra’s Mainland IPO milks investor thirst for new ideas
The guts of the business is to take milk from Australia and New Zealand farms, turn it into cheese and butter, and sell it regionally. Is that tasty enough in volatile markets?
This Month
Delivery driver awarded $79m after spilling Starbucks tea on his lap
The global coffeehouse chain was accused of breaching its duty of care after its staff did not fully push the drink into its takeaway tray.
Top Canadian supermarket says sales of US products ‘rapidly’ dropping
The chief executive of grocery chains owner Empire said that customers have been “loud and clear” that they want domestic products.
Soulfresh squad acquires Byron Bay-based healthy snack maker
Didi Lo has led a consortium bid for Wallaby Foods, whose factory supplies to Coles and Woolworths stores around the country.
This restaurant is one of the world’s best (and one of the weirdest)
Zuckerberg, silicon brains and space bread – step inside Alchemist in Copenhagen, the world’s most challenging restaurant.
A 63pc premium for Just Eats? Major investor Caledonia is unimpressed
The food delivery sector is red-hot for deals despite some spectacular blow-ups. That land grab has come to one of the high-profile fund’s core holdings.
February
Why Lazard is tipping a turnaround in these ASX fast food stocks
Tim Zhao says the latest banks sell-off could be the start of a correction and expects struggling quick service restaurant operators to reverse their fortunes.
Coles sales growth beats Woolworths, dividend rises
The retail giant also gained from industrial action at its rival in December, which resulted in empty shelves and customers defecting.
Woolworths unleashes $400m in cost cuts to convince market it can grow
Chief executive Amanda Bardwell faces a market increasingly concerned about the supermarket’s trajectory as profits fall.
Project Macaroon: Krispy Kreme Australia sale on the cards
The North Carolina-headquartered multinational wants a new partner to own and operate its local business and drive growth.
Inside the fight over McDonald’s 100,000 low-paid worker army
Crew trainer Connor Boyle is part of a test case to extend multi-employer bargaining laws to the types of workforces unions have always struggled to organise.
KKR taste tests divestments at Tim Tam-maker Arnott’s
KKR’s local PE boss David Laing is taking advice from UBS around The Arnott’s Group’s Asian business, which sells consumer staples like pastas, sauces and cooking stock.
Domino’s to shutter hundreds of stores as new CEO swings the axe
Mark van Dyck says it will be the last round of large-scale store closures in a pullback on ambitious expansion plans.
The Australian lawyer behind DC’s new MAGA hangout
From Steve Bannon to Sean Spicer, clubhouse Butterworth’s has become the place to be seen for Republican operatives. And a former Liberal staffer is its biggest backer.
Woolworths restructures to supercharge lacklustre supermarket growth
The company’s chief executive Amanda Bardwell has elevated a long-time executive to oversee a combined supermarkets and home-brand products division.
Coles calls in Bain as it slashes the number of products on shelves
Australia’s second-largest supermarket chain quietly wants to reduce its range by at least 10 per cent – a move which should lead to higher profits.
Cult chicken chain El Jannah says sales will push $300m this year
The popular Lebanese outlet’s chief executive is planning to nearly triple the number of stores in the next two years as it takes on major fast-food chains.
January
The beer company that quit the ASX and never looked back
Australia’s fourth-largest beer group, Good Drinks Australia, chose to delist after it felt the sharemarket wasn’t giving it a good deal.
Maggie Beer ponders how to save an empire built on verjuice
The food producer named after the country’s best-known cook has had a dismal two years. Will chairwoman Sue Thomas’ turnaround plan save the iconic brand?
It’s beer o’clock as craft brewers White Bay and Hawkers team up
The new group, dubbed Social Drinks, will hit the ground running on February 1 with an additional $1.5 million in the bank.