PLAY PKN: Video Bulletin 23 August

In the news: Australian Packaging Covenant Organisation, Amcor, Pakko, Boxes R Us, Fonterra, Visy, Nestle, Unilever, Lion, Coca-Cola Europacific Partners, PIDA Awards.

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Food & Drink Business

In a FY26 trading update, Bubs Australia forecasts revenue of $105–115 million but warns that reported EBITDA could land anywhere from –$2 million to +$2 million.

International Flavors & Fragrances Inc. (IFF) has entered into an agreement to sell its Food Ingredients business to funds advised by global private markets manager, CVC Capital Partners, in a transaction that values the business at approximately $6 billion (US$4.3 billion).

Australian Vintage has secured a $128 million debt refinancing through to March 2028, with an option to extend a further year to 2029, as the McGuigan wines owner reports a significant second-half cash turnaround and upgraded sales momentum heading into FY27.