Bega Cheese had pulled out of the bidding process for Murray Goulburn.
In a statement to the Australian Securities Exchange today, Bega Cheese said it was aware of speculation the company was among a small number of potential buyers of MG and that it might be preparing to raise capital from the market.
Bega Cheese chairman Barry Irvin said his company was “no longer a potential purchaser of Murray Goulburn and has no current plans to raise capital”.
“Bega Cheese continues to maintain a strong balance sheet and believes there are a number of potential opportunities in dairy and food,” Mr Irvin said.
By Simone Smith and Peter Hemphill
Source: The Weekly Times
Danone has appointed Carla Hilhorst to the newly created position of senior vice president of research and innovation categories and zones, as the company looks to make science the heart of its business. Hilhorst, who brings over 30 years of experience in research and innovation, will report directly to Isabelle Esser, Danone’s chief research, innovation, quality and food safety officer.
The move, part of Pernod Ricard’s strategy to enhance its premiumisation efforts, will allow the company to focus more resources on its portfolio of premium international spirits and champagne brands that drive the growth of its business. This decision aligns with the company’s commitment to delivering sustainable value for shareholders, employees, clients and partners.
Schai – who is the current CEO of Swiss chocolate company Lindt & Sprüngli’s Australian operation – has previously worked with Aryzta from 2015-2018, where he served in roles including managing director for Asia Pacific and global strategic business lead (McDonald’s). The fast-food giant McDonald’s is one of Aryzta’s significant clients.
