Mondelez in fresh tax evasion probe in India
Mondelez International subsidiary Cadbury India is under investigation for alleged evasion of excise duties by authorities in India.
Archives for November 23, 2012
Nestlé faces Pfizer Nutrition brand 'blackout' in Australia after Mexican setback
The Australian Competition and Consumer Commission (ACCC) yesterday approved Nestlé’s €9bn ($11.59bn) acquisition of infant nutrition business Pfizer Nutrition.
Goodman Fielder ups bakery prices thanks to better retail relations
Australian food firm Goodman Fielder said that thanks to better dialogue with its retail partners, agreed price increases across its bakery arm will help boost business further.
Drinks
Kiwis drinking more cider, but less beer
Cider is the rising star of New Zealand’s alcoholic beverages market even as consumption of beer in the country is showing a steady decline, said a top official from Lion, the Australasian food and beverage major.
Australian bird flu outbreak leads to import bans
A number of countries have banned poultry products from Australia over bird flu fears despite claims from the country’s authorities that the latest outbreak has been “successfully controlled”.