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11 Current news from new zealand

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Froneri purchases Tip Top from Fonterra for $380 million

14-May-2019

New Zealand’s iconic ice cream company has a new owner, after global ice cream company Froneri today purchased Tip Top from Fonterra. Fonterra CEO Miles Hurrell confirmed the sale, saying it was a bittersweet moment for Fonterra. “Since we took ownership of Tip Top in 2001, a lot of work has gone ...

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Miles Hurrell permanently appointed Fonterra Chief Executive Officer

06-Mar-2019

Fonterra Co-operative Group (FCG) has announced the permanent appointment of Miles Hurrell as its Chief Executive Officer (CEO), with immediate effect. Mr Hurrell had been the Co-operative’s interim CEO since August last year. Fonterra Chairman, John Monaghan says the Co-operative’s Board has ...

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New Zealand dairy giant posts loss after China stake sours

20-Sep-2018

New Zealand's largest company, which sells dairy products, said Thursday it will completely review its business investments after a disastrous financial year saw it post its first-ever loss. Fonterra lost hundreds of millions of dollars on its investments in China and also had to pay a large ...

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Avocado Crisis in New Zealand - Theft and Waiting Lists

20-Aug-2018

Everybody wants avocados: The booming demand for the green superfruit is posing growing problems for producers and consumers in New Zealand. Police are reporting more and more cases of avocado theft and in some nurseries there are waiting lists for avocado trees, according to New Zealand ...

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First study published connecting challenges of food allergies with personality traits

05-Mar-2018

University of Otago researchers have broken new ground in the area of food allergies, with a study showing that personality traits impact people living with a food allergy published in the international medical journal Frontiers in Psychology. The interdisciplinary team of researchers from ...

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Fonterra Ventures partners with high growth active nutrition start-up

05-Mar-2018

Fonterra Ventures has entered into its first strategic partnership, teaming up with German active nutrition start-upfoodspring®through an investment in its parent company, Goodminton AG. The new partnership will enable Fonterra to tap into the rapidly growing active nutrition consumer segment, ...

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Fonterra and The a2 Milk Company form comprehensive strategic relationship

22-Feb-2018

Fonterra Co-operative Group Limited (Fonterra) and The a2 Milk Company (a2MC) have today entered into a comprehensive strategic relationship that links Fonterra’s global milk pool and supply chain, manufacturing capability and in-market sales and distribution capacity with a2MC’s brand strength ...

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Fonterra partners with Alibaba's Hema Fresh to launch fresh milk product into China

17-Jan-2018

Fonterra has launched a new fresh milk product in China in partnership with Hema Fresh,Alibaba’s innovative new retail concept which combines traditional bricks-and-mortar shopping with a digital experience. The new Daily Fresh milk range is now available in Hema’s 14 stores in Shanghai and ...

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New Zealand dairy giant Fonterra to pay Danone for recall

04-Dec-2017

An arbitration tribunal has ordered New Zealand dairy giant Fonterra to pay Danone of France $125 million for recall costs stemming from a 2013 food scare. The recall was made out of concerns, which proved later to be untrue, that some Fonterra products supplied to four Danone Nutricia baby ...

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New Zealand brewery cans Armstrong ad campaign

21-Aug-2017

A New Zealand brewery has canned a planned advertising campaign featuring disgraced American cyclist Lance Armstrong. Lion Breweries flew Armstrong to New Zealand last year to film the campaign for its Steinlager Pure brand. The brewery's external relations manager, Genevieve O'Halloran, told New ...

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