Freedom Foods announces recapitalisation, new CEO
Australia-based Freedom Foods Group has issued an update on its financial situation and revealed the name of its new permanent CEO.
Freedom Foods Group
Freedom Foods’ legal dispute with Blue Diamond to be decided in US
The legal dispute between Australia's Freedom Foods Group and US-based almond supplier Blue Diamond has taken another turn.
Australia’s Freedom Foods talks up “potential” as H1 losses fall
The in-the-spotlight Australian dairy and plant-based group saw its half-year losses decline, insisting its turnaround plan is "beginning to gain traction".
Freedom Foods acting CFO steps down
Freedom Foods Group, the troubled Australian dairy business, has seen the departure of yet another executive.
Perich family commits millions more to under-pressure Freedom Foods
Australia's Freedom Foods Group has reached an "in-principle agreement" over a recapitalisation exercise.
The top 20 most-read just-food news stories in 2020
Dealing with the impact of Covid-19 on production, the growing corporate interest in direct-to-consumer and new stock-market listings of emerging plant-based businesses caught your eye this year. US plant-based firm…
2020 – The year in food industry M&A
As this year has been dominated by Covid-19, it is impossible to examine M&A activity in the global food industry without doing so through the prism of the virus. For…
Freedom Foods confirms sale of cereal, snacks division to KKR-backed Arnott’s
Australia's Freedom Foods Group has confirmed it has sold its cereal and snacks division to local peer The Arnott's Group, which is owned by US private-equity firm KKR, for AUD20m…
Freedom Foods ‘nears sale of cereal and snacks division to KKR’
Reports in Australia suggest Freedom Foods Group is close to disposing of its cereal and snacks division. The Australian Financial Review reported the publicly-listed company is "close to hiving off" this…
Australia’s Freedom Foods ‘in talks over recapitalisation plans’
Australia's Freedom Foods Group is reported to be in talks with funders as part of its efforts to recapitalise its business with a cash injection of at least AUD200m (US$145.3m). According to…
Freedom Foods extends share trading halt again as fraud probe continues
Australia's Freedom Foods Group has extended the suspension of trading in its shares again to give itself more time to complete an investigation into possible fraudulent activity. In a statement today (20…
