Food Industry News: Dec 2 - Australia (5 stories)

Treasury Wine Estates’ $687m goodwill wipeout for Americas business could be just the start

Penfolds wine producer Treasury Wine Estates (ASX: TWE) is taking a $687.4 million hit on its Americas operations after writing down the entire carrying value of goodwill for the business despite some of its larger brands growing ahead of market in the region. The impairment could be just the start of a boarder assessment of the value of the Tr...

Recall: Bright Tank Brewing – West Side Hazy Pale

Bright Tank Brewing is recalling West Side Hazy Ale Pale in cans (375ml) due to secondary fermentation. The post Recall: Bright Tank Brewing – West Side Hazy Pale appeared first on Inside FMCG.

“Outrageous”: Hawke’s drops its award-winning XPA into Aldi for $13.99

Hawke’s has launched its award-winning XPA in Aldi for $13.99, betting on volume and value in a tough year for independent brewers. The post “Outrageous”: Hawke’s drops its award-winning XPA into Aldi for $13.99 appeared first on SmartCompany.

Treasury Wine shares hit decade low after US asset impairment warning

Packamama secures $1 million grant for low-carbon wine bottles

Retail collaborations are also being explored locally and in the UK. The post Packamama secures $1 million grant for low-carbon wine bottles appeared first on Inside FMCG.