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Food & drink

This Month

Hungry Jack’s CEO Chris  Green.

Hungry Jack’s invests $20m to take on McCafe

The burger chain’s chief executive, Chris Green, admitted the push had come a “little bit late” but said it had found a gap in the market.

  • Lucas Baird
Doritos has partnered with ReachOut to help spark conversations about mental health and promote ReachOut’s services to young people.

How a snack brand is starting a conversation on mental health

PepsiCo is listening to consumers who want products of all kinds, even chips and soft drinks, to use their platforms for good.

  • Miranda Ward
Guy Turland, owner of the Bondi Beach cafe The Depot is growing his own mushrooms to counter the produce price surges.

Cafe owner grows his own mushrooms to stave off rising food prices

With mushroom prices surging to almost $100 per box, Bondi cafe owner Guy Turland has started growing his own mushrooms.

  • Campbell Kwan

June

The KFC brand is motoring along, with same-store sales up 4.1 per cent in the first seven weeks of operator Collins Foods’ new financial year.

Fast food group KFC to lift prices for a third time in 2022

Collins Foods, with 261 KFCs in Australia, says sales are up strongly in the past two months and a lettuce shortage will end in 7 weeks.

  • Simon Evans
Elements chocolates are stamped with a flower that signifies beauty.

These two former Goldman bankers now run a vegan chocolate business

Kushal Choksi and his wife, Alak Vasa, were vice presidents at Goldman Sachs. Their Elements Truffles products are in 2000 stores and bought by Australians.

  • Kate Krader
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Top chefs reveal the next big thing in fine dining – your place

The key differentiator from the likes of Deliveroo and Uber Eats is that the cooking needs to be finished off (simply) at home.

  • Dan F Stapleton
Kit Crawford and Gary Erickson are the owners of Clif Bar.

How these billionaires reaped a 2400pc gain

Gary Erickson once rejected $US120 million from Quaker Oats to sell his upstart energy-bar maker. This week, he and his wife accepted a $US2.9 billion buyout.

  • Josephine Walker
Wily investment banker turned investor David Williams is understood to have picked up a stake in Tassal Group.

Former Tassal Group owner David Williams back for second helping

Melbourne dealmaker David Williams is lurking on Tassal Group’s share register. The question is why.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
Food inflation is on the rise and a group of industry bodies is trying to ensure that local growers and store owners have a level playing field as cost pressures rise.

Food producers meet ACCC to keep lid on Coles, Woolies clout

A new grouping of food industry, farmer and meat organisations is on the front foot as inflation rises and food security issues loom large.

  • Updated
  • Simon Evans
Nexba co-founder Troy Douglas says the group is headed for sales revenue of $60m in 2022-23 as it steps up international expansion.

Sugar-free drinks group Nexba eyes $20m raise

The Australian group is making strong headway in Europe, with a deal with Sainsbury’s in the UK and expansion in Nordic countries.

  • Simon Evans
Lyre’s Agave Blanco and Reserva spirits flank its Highland Malt; Sidewinder Hazy Pale.

Why more alcohol-free drinks are now pouring at a venue near you

Beverages with little or no ethanol are no longer just for non-drinkers. Going booze-free is part of a profound cultural shift.

  • Max Allen

From capital markets’ Mr Fixit to a foodie with a big farm dream

Nick Venter has invested “a small fortune” to show Australia what unadulterated food – produced using sustainable and regenerative practices – tastes like.

  • Philippa Coates
Ynyshir (on the edge of the Snowdonia National Park) proves that the UK’s food scene is not London centric.

30 courses over five hours for $600 have just been voted the best

Ynyshir is ranked this year’s No.1 restaurant in the UK. But it’s not in London or even England or Scotland. Also, vegans should probably steer well clear.

  • Madeleine Howell
Staff at a new Just Tasty restaurant, which has replaced McDonald’s in Moscow.

Russia rebrands McDonald’s, but what’s it taste like?

The new owner is refurbishing 850 stores under the name ‘Just Tasty’ after McDonald’s was among Western firms that left Russia following the Ukraine invasion.

  • Mary Ilyushina
Private equity and trade players are expected to want a slice of Pizza Hut which is making $15 million at the earnings line.

Allegro taps bankers to deliver Pizza Hut exit

The turnaround looks just about complete, as the private equity firm prepares to hang up the “for sale” sign and seek a growth-minded buyer.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
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A McDonald’s  employee prepares a Create Your Taste salad.

McDonald’s dumps its ‘healthier’ foods to chase profits

The restaurant chain has been nixing items that sell less, such as salads and yoghurt, to shrink its menu and speed up service. Investors should be happy.

  • Leslie Patton
Tribe Breweries chief executive Amarto Basu.

Tribe Breweries cracks open investor search, taps Rothschild

The contract brewer and craft beer label owner is on the block, and Rothschild & Co’s bankers have been tasked with finding a deep-pocketed new owner. 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

Lettuce shortage forces KFC to put cabbage in their burgers

Australia’s facing a lettuce shortage that’s led to soaring prices and even spurred fast food giant KFC to put cabbage in its burgers.

  • Sybilla Gross

May

Jim Fader, founder and chief executive of Eden Brew, which has replicated the process of making milk using the same fermentation process that happens in dairy cows.

Eden Brew eyes $20m as milk without cows rises

US group Digitalis Ventures has taken a stake in the company making milk in a lab by replicating the same fermentation process in cows.

  • Simon Evans
Woolworths CEO Brad Banducci has backed a proposal to raise retail workers wages.

How Woolworths aims to offset higher wages

Woolworths says it will move staff from cash registers to the increasingly popular pick up or deliver to your car services to help counter the pending significant rise in staff wages.

  • Carrie LaFrenz