News

BREAKING NEWS – Supermarket case closed

The Commerce Commission announced it has closed its investigation into Progressive Enterprises Ltd having found no evidence to support false allegations made under Parliamentary Privilege earlier this year.

Delays cause frustrations for suppliers

Several suppliers in New Zealand have apparently experienced cashflow, stock and marketing issues as a result of delays with Foodstuffs’ new SAP system and lack of codes for suppliers in recent months. FMCG Business talked to Foodstuffs’ management to find out when this situation will be resolved.

Consultation paper on food packaging

Food Standards Australia New Zealand (FSANZ) has released a consultation paper seeking further information on the management of the migration of chemicals from packaging into food.

Candy Warhol ice cream creation

Famous Sydney ice cream parlour Gelato Messina has partnered with the Art Gallery of New South Wales to release a special pop-art inspired flavour, Candy Warhol, to celebrate the opening of the major summer exhibition, Pop to popism.

Danone loses appeal

The Court of Appeal has rejected an attempt by French food giant Danone to overturn a stay of proceedings in its law suit against Fonterra Cooperative Group pending arbitration in Singapore. The judges ordered Danone meet Fonterra’s costs for the appeal.

New Veritas deal could lift annual revenue to over $90 million

Veritas Investments Limited (“Veritas”) has entered into a conditional agreement to purchase the business and assets of The Better Bar Group of companies (“BBC”) as a going concern for $31.2m. This acquisition is expected to increase Veritas’ annual revenue to over $90m on a full-year basis.

Vogel’s expands its ‘Very Thin’ range

Vogel’s fans can rejoice with the addition of a Sunflower and Barley variant to the exceedingly popular Vogel’s Very Thin range. Loved by Kiwis for its super crunchy-when-toasted quality, Vogel’s Very Thin range has less calories per slice, and nine more slices per loaf than Vogel’s Original Mixed Grain Toast.

Robots to sell coffee machines

Food giant Nestle is planning to hire 1000 robots as sales clerks at stores across Japan. The first batch of the chatty humanoid called Pepper will report to work by the end of the year at outlets that sell coffee capsules and home espresso machines.

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