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Nestle has partnered with Victorinox to produce a pocket knife made from recycled materials.

Victorinox has used recycled capsules of the Livanto espresso by Nespresso to create the limited edition knife.

Both Swiss brands, they have given priority to issues of environmental protection and sustainability in their business practices.

Last year, the company presented the Pioneer Limited Edition, the first pocket knife with a casing manufactured from recycled Nespresso capsules.

This met with such interest that the idea for a 2017 recycled knife has now progressed to the next stage.

The unique knife will be available from July.

Food & Drink Business

Victoria has brought together startup agency, LaunchVic, and the $2 billion Breakthrough Victoria fund to launch Innovation Victoria – the next stage of the state’s innovation ecosystem investment.

Treasury Wine Estates, in partnership with Australian Grape & Wine, Wine Australia and the China Alcoholic Drinks Association, is looking for four Australian viticulturists and winemakers to participate in the second year of the Australia-China Winemaker Immersion Program – with applications closing 26 July.

Coles Group has ended discussions with private equity firm TPG Capital over a potential acquisition of Greencross Pet Wellness Company, walking away just over two weeks after confirming it was undertaking due diligence on the pet retail and veterinary group.