Yesterday
In pictures: AFR Magazine’s 30th anniversary celebration
In a glittering party at one of Sydney’s finest diners, the Financial Review’s monthly glossy turned 30 in style. Photos by Oscar Colman.
This Month
McDonald’s fights landmark union bargaining victory
Other fast food players including Domino’s Pizza and Pizza Hut could be drawn into the tussle between retail unions and McDonald’s.
Stokes-backed honey group buzzing from rising Asian demand
Consumer demand from Asia and for “wellness” products is boosting the sales of Australia’s largest honey producer.
Macquarie puts its sprawling Paraway agricultural empire on the block
The business is spread over 4.4 million hectares, and is expected to be worth more than $2.5 billion, attracting interest from major institutional investors.
Asian ‘superfood’ that helps you sleep is set to go big in Australia
Jujubes can help with everything from insomnia to depression, according to Chinese medicine. Canberra has signed a deal to make them easier to import.
Italy’s Ferrero agrees to buy cereal giant Kellogg in $4.7b deal
The deal combines the maker of Nutella with the company behind Froot Loops cereals, diversifying its chocolate-heavy portfolio at a time of high cocoa prices.
Private equity suitors get ducks in a row for NZ fruit & veg biz
The agriculture investor is taking a good look at T&G Global and is likely to throw its hat into the ring for the potential sale or break-up.
Private equity drinks in family-owned dairy processor Procal
Anacacia Capital will invest in the $100 million revenue business alongside the Thyssen family from its Fund 4.
Petrol pass-the-parcel: Woolworths curse too much for EG
Fifteen years ago, the supermarkets and offshore oil giants dominated Australian fuel sales. A succession of $1 billion-plus deals has changed things dramatically.
Sydney may be the world’s steak capital, but farmers are going hungry
Sirloins and ribeyes retailing for up to $350 are a triumph of Australian produce. But it reveals how far removed producers are from the value they help create.
Shock exit at Domino’s delivers a new problem with the lot
Domino’s Pizza’s Jack Cowin is a long-term business accumulator, not seller. Investors should take the hint.
Why Sydney has been declared the steak capital of the world
Nowhere else in the world can boast as many officially lauded steak restaurants. Self-confessed beef boffin Neil Perry tells us what’s going on.
June
Farmers welcome wheat price spike after Iran conflict
Wheat farmers are hopeful about the year ahead after turmoil in the Middle East triggered a long-awaited upswing in the price of the key Australian export.
Gen Z spending gives KFC operator Collins Foods hope
The company, which operates 288 of the 800 KFC outlets in Australia, says spending ticked up in the past eight weeks, prompting a share price jump.
The world’s 50 best restaurants for 2025 have been revealed
The year’s finest dining locations are no longer a secret. Here are the winners and why Australia missed out – but made the runners-up list.
Wall St is going crazy for these oversized, sugary cookies
Biscuit business Crumbl is a viral dessert sensation with more than $1.8 billion in sales. Now private equity is looking for a bite.
The must-book new restaurants to dine at this July
A new dining hotspot arrives in Sydney, a quirky newcomer for Francophiles opens in Brisbane and a Malaysian hawker hero sets up shop in Melbourne – we hope you’re hungry.
This meat just became legal in Australia (and we tried it first)
One local producer is ready to start filling restaurants and supermarket shelves with lab-grown meat, a product on the cutting edge of food technology. Would you eat it?
Frozen yoghurt sensation Yo-Chi opens private funding round; taps UBS
The popular chain was making the rounds with potential investors last week, pitched as a healthy dessert alternative with $77 million in earnings forecast.
Cordial maker Bickfords lifts stake in struggling Maggie Beer Holdings
The Kotses family, which owns the cordials brand and the Beenleigh Rum and Beresford Estate liquor businesses, has been building its stake in the food producer.