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FMCG update

by Maya Wettenhall

FMCG news

Bellamy's Australia appoints John Ho to board, confirms Andrew Cohen as CEO

  • Infant formula distributor Bellamy's Australia has welcomed a representative from its new substantial shareholder, Hong Kong-based Janchor Partners, to the board.
  • Acting chief executive Andrew Cohen will stay in the role permanently.
  • Shares in Bellamy's had lost 0.5 per cent to $4.43 at 11:15am on Thursday. The stock has struggled to trade significantly higher than a 12-month low of $3.78 hit in January and is well below a 12-month high of $14.99 hit last August.

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AUSVEG calls on government on 457 visa reforms

  • AUSVEG said the government must ensure that rural and regional industries are not damaged by the reforms.
  • It came after the Turnbull Government’s announced its plan to scrap the 457 skilled migration visa. It will be replaced with a new multi-stream temporary visa.
  • “If Australia’s skilled migration system is going to be changed, then we need to recognise the critical role that skilled foreign workers play in regional industries, including the vegetable and broader horticulture industries,” said AUSVEG CEO James Whiteside.

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Online grocery market set for massive growth

  • A new report from Nielsen predicts the online grocery market will reach $2 billion in Australia in the next five years, as young families increasingly go online to stock up on pantry staples and pet and baby products.
  • But even while twenty per cent of Australians have purchased online groceries in the past year, the market still represents a tiny fraction (just 2 per cent) of overall grocery sales.

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Aussies first to taste new M&M’S Block Chocolate range

  • The famous M&M’S Red and M&M’S Yellow characters and their playful friends are set to be moulded into chocolate history, as Australians become the first in the world to taste the new M&M’S Block chocolate range.
  • This year’s “most exciting innovation in chocolate” will combine M&M’S with smooth milk chocolate crafted from the finest ingredients, in six varieties – Milk, Almond, Hazelnut, Crispy, Crispy Mint and Strawberry.
  • The launch of the new M&M’S Block range is said to be one of the biggest the category has ever seen, with a national integrated campaign featuring television, digital, social and outdoor advertising, as well as a range of in-store activations to engage Australians. The new range will be available in all major supermarkets and convenience stores from Monday 24 April.

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For more insights into the FMCG industry, get in touch with specialist consultant, Maya Wettenhall, on 03 8613 3510.