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In the news this week: Zero Co, APCO, Australian Dairy Federation, Pact Group, Woolworths Macro, Nestlé Starbucks by Nespresso, Sanitarium’s Weet-Bix, Goodman Fielder’s Praise.

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Food & Drink Business

Our Top 100 2025 edition of Food & Drink Business magazine is more than the annual flagship Top 100 Report. Industry leaders reflect on the year past and the one ahead, we provide our annual news review, M&A wrap-up, and all the executive moves, and a Roman-inspired sports drink, Posca, is our final Rising Star for 2025.

A blend of salt, red wine vinegar, and water – known as Posca – was the ‘original sports drink’, helping to keep the soldiers of the Roman Empire marching up to 30 kilometres per day. Keira Joyce spoke with Posca Hydrate co-founders, Merrick Watts and Ed Stening, about reviving a 2000-year-old functional beverage for the modern healthy lifestyle.

From the big deals to the quiet divestments, Food & Drink Business editor, Kim Berry, recounts the mergers and acquisitions of 2025.