Plant-based popularity drives Vitasoy revenue bump in ANZ
Vitasoy has seen a three per cent increase in revenue at its Australia and New Zealand operations, driven by accelerated sales of its Oat Milk platform.
Vitasoy
Bega sells its share of Vitasoy after more than 20 years
David Tyack, Managing Director at Vitasoy Australia, has confirmed that Bega has sold its 49 per cent stake in Vitasoy to Vita International.
Vitasoy shares new brand platform: Let’s Grow a Better World
Vitasoy has launched a new brand platform encouraging Australians to reduce their environmental footprint by drinking more plant-based milk.
Cyber attack on Lion prompts warning for FMCG sector
The cyber attack on Lion Dairy & Drinks (LD&D) has prompted warnings other FMCG businesses could be at risk. The industry giant, who manufactures brands such as Dairy Farmers, Pura, Vitasoy and Yoplait through LD&D has said it was hit by a “major incident” on Monday which forced the company to disable its IT systems. …
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Mengniu poised for APAC expansion, analysts say
The proposed acquisition of Lion Dairy and Drinks would be just the start of big expansion plans for Chinese company Mengniu Dairy, according to data analytics and consulting company GlobalData. The Australian Competition and Consumer Commission last week gave the green light for the acquisition, which would see Lion D&D’s dairy business (currently a subsidiary …
ACCC give green light for Mengniu/Lion deal
The ACCC has given the green light for Chinese company Mengniu Dairy to take over Lion Dairy and Drinks. The consumer watchdog announced this morning it would not oppose the acquisition, which would include LD&D’s Australian raw milk processing facilities in Chelsea and Morwell, Victoria. A spokesperson for Lion told C&I they welcomed the decision. …
Non dairy the trend convenience can’t ignore
As non-dairy milks continue to rise in popularity, they are having an ever-growing impact in the convenience store fridge. And as they become more mainstream and adapted into the diets of consumers alongside dairy products and not just as an alternative, the trend is only set to grow. According to industry research firm IBISWorld, revenue …