PLAY PKN: Video News Bulletin 9 April
In the news this week: Unilever, Coles, Fed Govt MMI, Martogg Group, AIP, Result Group, FreshTag, Heinz.
Brought to you by Currie Group.
Brought to you by Currie Group.
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?
Indian FMCG company, Reliance Consumer Products (RCP), has entered the Australian market by acquiring a majority stake in local better-for-you beverage business, Goodness Group Global.
