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Australian retailers selling into the US woke up to a harsher, more complex trading environment. President Donald Trump’s administration locked in its anticipated 12.5 per cent tariff on Australian goods that came into effect as of 2:01pm AEST today.
On paper, the change looks incremental with a 2.5 percentage point increase on a 10 per cent surcharge that has been...
As shoppers increasingly scrutinise ingredient labels to avoid products perceived as heavily processed, Nestlé, maker of Nescafe coffee and KitKat chocolate, has been lobbying US authorities to allow simpler descriptions using common rather than scientific names on packaging.
Examples include replacing the words “ascorbic acid” with the more widely understood vitami...
Nestlé has announced a major restructuring of its global waters division through a new joint venture with private equity firm Platinum Equity.
The company’s waters and premium beverages business will be rolled into a new standalone company, Peranel, through a 50:50 joint venture with private equity firm Platinum Equity.
Peranel will manage a portfolio of p...
Frugalpac’s paper wine bottles are seeing wider adoption in the US, with California wine label Petalscape launching two wines in the Frugal Bottle.
Part of Full Glass Wine Co’s direct-to-consumer brand Scout & Cellar, Petalscape has released a 2025 Sauvignon Blanc and an NV Red Blend in the paper bottle.
The launch follows the adoption of the Frugal Bo...
New Zealand Winegrowers CEO Philip Gregan will retire after 43 years with the organisation representing the country’s grape-growing and wine-production sector.
Gregan joined the organisation as a researcher in 1983, when New Zealand’s wine industry was focused on the domestic market. He was appointed CEO in 1989, leading an organisation with three staff members at t...