PLAY PKN: Video News Bulletin 4 September

In the news this week: Amcor, Pro-Pac, Orora, Federal recycling bill, The Hidden Sea and the Re-Sea Project 

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Food & Drink Business

Treasury Wine Estates has unveiled TWE Ascent, a multi-year transformation program that will more than halve its brand portfolio, exit commercial wine segments and consolidate investment behind Penfolds, DAOU and Matua as its global ‘Power Brands’.

Maggie Beer Holdings has received a non-binding offer to sell its Hampers and Gifts Australia business to an unnamed multinational buyer – at a fraction of the price it paid five years ago.

Historically, the default pathway for Australian food manufacturers has been predictable – once your brand builds sales domestically, you look to international markets, like the United States or Europe for growth. Roma Foods founder and managing director, Max Buontempo, notes the industry is shifting, and offers insight for the current playing field.