Business

Coke hired snooping private eye in Aussie Honest Tea trademark fight

BEVERAGE GIANT CUTS LOSSES AND DROPS ACTION

Coke hired snooping private eye in Aussie Honest Tea trademark fight

By Ben BOUCKLEY

The Coca-Cola Company today admitted defeat in an 18-month trademark battle that pitted its US Honest Tea brand against a small Australian firm using the same name run by a Sydney mum, but not before putting a private eye on her tail.

Fonterra rubbishes Sri Lankan court summons reports

Fonterra rubbishes Sri Lankan court summons reports

By Mark ASTLEY

Fonterra has rubbished reports that four Sri Lanka-based executives have been summoned to face contempt of court charges over the company's alleged failure to comply with a ban on the sale and advertising of its milk products in the country.

Fonterra suspends senior managers over WPC botulism scare

Fonterra suspends senior managers over WPC botulism scare

By Mark ASTLEY

Fonterra has placed two senior managers “on leave” in the midst of an internal investigation into the circumstances surrounding the recent Clostridium botulinum whey protein concentrate (WPC) contamination scare.

Petra Foods eyes premium space in Philippines, Malaysia and Singapore after finalizing $950m cocoa ingredients sale to Barry Callebaut

Petra Foods regroups for premium push in South East Asia

By Oliver Nieburg

Petra Foods has reported growth in its consumer goods division in its second quarter (Q2) results and says it is planning to capitalize on the growing middle classes in Philippines, Malaysia and Singapore with premium products.

Tesco and CRE take first step to become China’s biggest retailer

Tesco and CRE take first step to become China’s biggest retailer

By RJ Whitehead

British supermarket chain Tesco and state-run China Resources Enterprise have quashed growing media speculation with the announcement of exclusive talks between the two majors to combine their Chinese retail operations and form what will become the biggest...

The proposed business is expected to be create sales of £10bn

Tesco Chinese merger to create £10bn business

By Laurence Gibbons

Tesco has announced plans to combine its Chinese retail operations with consumer goods company China Resources Enterprise (CRE) in a bid to form the leading multi-format retailer in China.

Chicza Organic Rainforest uses tree sap chicle as a gum base, which was abandoned by most companies decades ago in favor of cheap polymers

Chicle gum distributor urges Australians to stop chewing on plastic

By Oliver Nieburg

The distributor of Chicza, an organic biodegradable chewing gum made from tree sap, is hoping to capitalize on the growing popularity of organic and sustainable products in Australia and is urging consumers to stop chewing gum made from synthetic polymers.

GSK scandal should prompt China to reflect on wider pharma corruption

GSK scandal should prompt China to reflect on wider pharma corruption

By William Hao Wei Yang

As a new head of operations works out how best to guide GlaxoSmithKline’s China operation through a bribery scandal that has hit the world's headlines, industry watchers have have said the company is just the tip of the iceberg in a pharmaceutical...

Strong China sales push Usana to record results

Strong China sales push Usana to record results

By Hank Schultz

Usana Health Sciences has achieved another quarter of record financial results based largely on strong sales within China. In an earnings call with analysts discussing the company’s second quarter 2013 financial results, Paul A. Jones, Usana’s CFO, said...

Starch scare fallout still lingering in Taiwan

Starch scare fallout still lingering in Taiwan

By William Hao Wei Yang

The starch-based food scare that hit the headlines around Southeast Asia last month, is continuing to impact on Taiwan’s food industry, with both chain retailers and individual vendors still suffering from the aftermath.  

Suntory cans Magners cider in Australia after brand sales slump

SPIRITS GIANT ANNOUNCES 'NEW STRATEGIC DIRECTION'

Suntory cans Magners cider in Australia after brand sales slump

By Ben BOUCKLEY

Suntory Australia is taking a ‘new strategic direction’ by focusing on its premium spirits and liqueurs brands and exiting a distribution deal with C&C Group for Magners cider, as the brand's sales suffer down under.

SAB Miller JV MD wants 30%+ market share in China

SAB Miller JV MD wants 30%+ market share in China

The head of SAB Miller’s JV in China says the firm should be gunning for a 30%+ beer market share as it seeks to consolidate its position as market leader, but major takeover targets are scarce.

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