PLAY PKN: Video News Bulletin 24 Jan

PLAY PKN, the weekly video bulletin of the top stories making the news.

This week featuring Nestle, Pact Group, Astron, Bushfire updates, CUB Cascade Breweries, Tetra Pak, Canopy, China ban on single-use plastics...

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.