Page 5 - Food&Drink Magazine May-June 2020

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FOODMACH BUILDS MASK-MAKING MACHINES Australia’s only medical mask manufacturer, Med-Con, contracted Foodmach to build machines to meet the dramatic increase in demand due to COVID-19.
TWE PROPOSED PENFOLDS SPLIT ON ASX
Treasury Wine Estates CEO Michael Clarke announced the company is considering a demerger of its Penfolds business into a separately listed company on the ASX by the end of CY21.
CADBURY GLOBAL DAIRY MILK BRAND REFRESH
Cadbury revealed its new global brand identity across its entire Dairy Milk range. The new look aims to celebrate the brand’s inherent spirit while adding a modern twist.
ASAHI’S $16BN
CUB ACQUISITION
The ACCC said the acquisition could go ahead once Asahi divested two beer and three cider brands. FIRB later announced it would not oppose the deal. It is due to be finalised by 1 June.
CCA DRINKS PLUNGE
In what group MD Alison Watkins called a “highly unusual” 1Q2020, Coca-Cola Amatil reported a 15 per cent drop in earnings for the period and a beverage volume plunge of 30 per cent in April due to COVID-19.
CARB LOADING, BOOZE BUYING
Food & Drink Business’ ongoing COVID-19 industry analysis looked at consumer spending patterns during the first weeks of social restrictions.
ARNOTT’S BIG RECIPE RELEASE
Arnott’s kicked off its Big Recipe Release campaign revealing recipes for some of its favourite biscuits. The company said it would release a recipe a week while social isolation restrictions were
in place.
CORRECTION
In the March edition, the
introduction to the article
On the front line incorrectly
stated 4.1 million tonnes of edible
food is wasted per day in Australia. As the rest of the article correctly states, the timeframe is per year. We apologise for any confusion.
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www.foodanddrinkbusiness.com.au | May/June 2020 | Food&Drink business | 5