PLAY PKN: Video News Bulletin 12 June
In the news this week: Amcor, Colgate-Palmolive, Kimberly-Clark, WWF, ReSource: Plastic, LJM Victoria, OZ Connect Traders, Apollo Bay Distillery, Woolworths.
Global wine company, Vinarchy, has appointed Nicole Battistessa as managing director, Australia and New Zealand. She starts in the role in early March.
Global food business, Kraft Heinz, has reported a statutory loss for FY25 and halted plans to split the business while it focuses on returning the company to profitable growth. CEO Steve Cahillane also announced an $860 million (US$600m) investment plan.
Over the past month, three international infant formula manufacturers have had to issue global recalls for specific product batches, due to the potential presence of the toxin cereulide. As investigations continue, more batches are being added to the list. Food safety is critical, particularly for vulnerable consumers, but who is responsible for ensuring products are up to standards?
