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Big catch for canned tuna campaign

Coles releases a range of pole and line caught skipjack tuna ‘ a sustainable tuna product. While, disappointingly, Coles hasn’t cleaned up its entire range, this is a significant improvement. [source]

August 31, 2011
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Metcash to buy Franklins after all

Metcash / IGA have been cleared to buy Franklins Supermarkets after the Federal Court ruled against the ACCC’s attempt to block the acquisition. Franklins is owned by South African company Pick n Pay. The court ruling means the 90 Franklins stores (all in NSW) will be returning to Australian ownership, and will be rebadged as IGA. [source]

August 26, 2011
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Asahi buys NZ’s Independent Liquor

Hot on the heels of the purchases of the juice business of P&N Beverages, and New Zealand drinks maker Charlie’s Group (maker of Phoenix soft drinks), Asahi has announced it is also acquiring NZ’s largest maker of ready-to-drink alcoholic beverages, Independent Liquor, for $1.2bn. [source]

August 18, 2011
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Asahi to buy P&N’s juice business + Charlie’s

Japan’s Asahi Group has agreed to buy the mineral water and juice business of P&N Beverages for $188 million, and has bought New Zealand drinks maker Charlie’s Group (maker of Phoenix soft drinks). Asahi’s bid to buy all of P&N earlier this year was blocked by the ACCC. Asahi is Kirin’s main rival in Japan in the beer/beverages sector. The ACCC has approved the revised deal. [source]

August 16, 2011
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Australian Paper buys Australian Envelopes

Envotec, which previously traded as Australian Envelopes, was Australia’s largest envelope manufacturer until it ceased operations after being placed into administration on 30 June 2011. It was acquired by Japanese owned Australian Paper soon afterwards. The ACCC is reviewing the purchase. [source]

August 9, 2011
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