PATTIES FOOD GROUP GOES FOR GOLD IN PARIS

Australian food company Patties Food Group will help fuel the nation’s Olympic heroes in Paris, and the supporters who cheer them on at home, as an official partner of the Australian Olympic Committee (AOC). The three-year partnership, announced today, sees Patties Food Group’s famous Four’N Twenty become the official pie, and performance brand Fitness Outcomes become the official ready meal of the Australian Olympic Team. Four’N Twenty pies and Fitness Outcomes meals will offer Australia’s Olympians a taste of home in the athletes’ village in Paris. Patties Food Group Chief Executive Paul Hitchcock said the company was honoured to be associated with the AOC and the Olympic dreams of the nation’s best athletes. “Our Olympians are working hard to take on the world in Paris and Patties Food Group is proud to be working beside them to enhance the Olympic experience for all who follow and are part of the…

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CHRIS BOWEN DITCHES DOOMED EV SALES TARGET

Energy and Climate Change Minister Chris Bowen has walked away from Labor’s target to have 89 per cent of new car sales electric by 2030, casting doubt on the government’s green agenda. After The Australian revealed Mr Bowen’s electric vehicle strategy was on track to fail with government departmental officials predicting fewer than a third of new car sales would be battery operated by 2030, the Labor frontbencher claimed there was no target. “We don’t have a particular EV target,” Mr Bowen said on Wednesday morning. Come up to me in the street and say, I’d like my next car to be an EV but I’m not really seeing the range of choices that are affordable. “And they’re right because there are many more affordable EVs that are available in other countries that aren’t available here because we don’t have efficiency standards.” from the federal transport department were that electric cars will make up…

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CELSIUS® TO EXPAND TO AUSTRALIA AND NEW ZEALAND

CELSIUS and Suntory Oceania enter into definitive manufacturing, sales and distribution agreement. BOCA RATON, Fla., March 26, 2024 /PRNewswire/ — Celsius Holdings, Inc. (Nasdaq: CELH), maker of energy drink brand CELSIUS®, today announced plans to expand into new international markets, growing the company’s global sales and distribution footprint to include Australia and New Zealand. “We’re pleased to introduce our refreshing, great tasting and functional CELSIUS energy drinks to consumers in Australia and New Zealand,” said John Fieldly, Celsius Holdings, Inc. Chairman and CEO. “We expect to continue our international growth at a measured pace, targeting strategically important energy drink markets and employing our proven playbook to build a strong and passionate consumer base.”  CELSIUS has selected Suntory Oceania as its exclusive manufacturing, sales and distribution partner in Australia and New Zealand. CELSIUS previously announced a sales and distribution agreement with Suntory Beverage & Food Great Britain and Ireland, and sales in those markets are expected to begin in the second quarter of 2024. “We are excited…

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NEW LAWS TO REGULATE VAPES LIKE TOBACCO ESTIMATED TO DELIVER OVER $9 BILLION REVENUE

A new report by Tulipwood Economics, commissioned by the Australian Association of ConvenienceStores, has found that strictly regulating and taxing vaping products in the same way as tobacco coulddeliver over $9.1 billion in revenue over the forward estimates (2024-25 to 2027-28). The report’s central case scenario policy costing finds a $1.50 per mL excise duty indexed annually at the nominal wage rate applied to regulated nicotine vaping products sold to adults by licensed retailerswould raise nearly $6 billion in excise revenue and over $3 billion in GST revenue. Key Findings (Under Central Scenario of -0.5 Price Elasticity of Demand): Considering a volume-based excise rate of $1.50 is equivalent to a value tax of 17.1%, this centralscenario strikes the right balance by strictly regulating and taxing vapes without incentivizing the blackmarket, enabling the government to control the market to stop youth access, AACS CEO Theo Foukkaresaid. “As stated in the report,…

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NEW REDBRIDGE RESEARCH REVEALS FINANCIALLY STRESSED AUSTRALIANS WILL HURT THE MOST FROM LABOR’S VAPE BAN

The Australian Association of Convenience (AACS) has publicly released the most comprehensive survey report into Australian voter attitudes towards regulating nicotine vaping products. The results from the RedBridge Group survey commissioned by AACS in February reveal a damning assessment of the Albanese Government’s policy failure to regulate vaping products effectively. Key Findings: With 74 per cent of voters agreeing that treating nicotine vapes as a medicine sends the wrong signal to the community, these results serve as a stark warning for the Albanese Government that their impending vaping legislation is deeply unpopular with voters and extremely out of touch with community expectations, AACS CEO Theo Foukkare said. “As Australians battle against a cost-of-living crisis, Health Minister Mark Butler’s laws will cruelly hit the 13 per cent of adults – who are under the most financial stress with a tripling of costs when they are forced to pay $150 for a…

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BP LAUNCHES MADE-TO-ORDER BREAKFAST AND LUNCH OFFER

BP has launched a new food for now concept, offering freshly made breakfast and lunch options with seating areas, The Grocer can reveal. Jo Hayward, VP for convenience in Europe at BP, said it followed a trial at two company-owned sites in Holborough and Byron in 2023, with the concept set to be rolled out to a further 10 sites by April. As an extension of its Wild Bean Cafe brand, which is known for its ‘heat to eat’ pastries, baps, and coffee, the latest evolution consists of an in-store kitchen offering freshly prepared food that is made to order. The new menu includes fish finger sandwiches, avocado, halloumi and egg baps, crispy herby chicken burgers and its bestseller, the ‘big breakfast bap’. Hayward explained the range could be customised to customers’ tastes, such as switching mild mustard mayo for spicy gochujang ketchup, choosing rye or white bread, or requesting a runny egg yolk. “Gone are the days when a Coca-Cola…

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