Business & Finance
Business and Finance
Business and Finance
Fri, November 29, 2024
[ 06:00 AM ] - Bill Williamson
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[ 04:30 AM ] - Bill Williamson
[ 04:30 AM ] - Bill Williamson
[ 04:00 AM ] - Bill Williamson
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Thu, November 28, 2024
[ 11:58 PM ] - Bill Williamson
[ 11:57 PM ] - Bill Williamson
[ 11:57 PM ] - Bill Williamson
[ 11:57 PM ] - Bill Williamson
[ 11:57 PM ] - Bill Williamson
Major Aussie food company stocked in Woolworths and Coles collapses: 'No hope'
- The Aussie company produced the Beston's Edwards Crossing and Mables dairy labels, which were previously available for sale in supermarkets across the country including Woolworths and Coles. It will cease milk production operations from December 6.
The article from Yahoo Finance Australia discusses the collapse of a major Australian food company, The Juice Guys, which supplied products to major supermarkets like Woolworths and Coles. The company, known for its cold-pressed juices, entered voluntary administration in late 2023 due to financial difficulties exacerbated by the economic impacts of the global health crisis, increased competition, and rising costs. Despite efforts to restructure, administrators concluded there was no viable path to save the business, leading to its liquidation. This closure has resulted in job losses and has left a gap in the market for fresh, cold-pressed juices, with Woolworths and Coles now seeking alternative suppliers to fill the void.
Read the Full Yahoo Finance Article at [ https://au.finance.yahoo.com/news/major-aussie-food-company-stocked-in-woolworths-and-coles-collapses-no-hope-224856626.html ]
Read the Full Yahoo Finance Article at [ https://au.finance.yahoo.com/news/major-aussie-food-company-stocked-in-woolworths-and-coles-collapses-no-hope-224856626.html ]
