•   
  •   

Tech & Science Farmers Union Iced Coffee takeover met with anger, consumers urged not to boycott brand

06:25  28 november  2019
06:25  28 november  2019 Source:   msn.com

Trade deals expected to pass parliament

  Trade deals expected to pass parliament The Morrison government expects the parliament to back trade deals with Indonesia, Hong Kong and Peru in the Senate late on Monday.Legislation enacting trade deals with Indonesia, Hong Kong and Peru is expected to pass parliament late on Monday.

Farmers Union Iced Coffee is a flavoured milk drink popular in Australia, primarily the state of South Australia. It continues to be sold under the " Farmers Union " banner

Hours.

a display in a store: South Australians are being urged to still support Farmers Union Iced Coffee. (ABC News: Eugene Boisvert)© Provided by ABC Business South Australians are being urged to still support Farmers Union Iced Coffee. (ABC News: Eugene Boisvert)

South Australians are being urged not to boycott Farmers Union Iced Coffee, following news that a Chinese-owned company would be taking over its parent company.

China Mengniu Dairy, the company behind the $1.5 million takeover of infant formula maker Bellamy's, will pay Japanese beverage giant Kirin $600 million to take over its Lion Dairy & Drinks portfolio.

It includes several iconic brands including Farmers Union Iced Coffee, Pura, and Yoplait yogurt.

China's Mengniu Dairy reaches $600m deal to acquire Australian drink brands

  China's Mengniu Dairy reaches $600m deal to acquire Australian drink brands Hot on the heels of buying Bellamy's Organic for $1.5b, China's Mengniu Dairy has reached a deal to acquire major Australian brands including Dairy Farmers, Berri and Pura.Under the deal, announced on Monday morning, Mengniu would acquire major Australian dairy brands including Big M, Dairy Farmers, Pura and Farmers Union.

Farmers Union Iced Coffee is one of Australia's largest selling flavoured milks . Win a FUIC Gear kit and a guernsey signed by the man himself, Rory Sloane. 📷 Show us what you'd swap for an ice cold FUIC. We'll choose our favourite on the 23rd of September.

PETA was urging consumers to boycott Air France until the company also changes its policy on transporting primates. The Organic Consumers Association has also called for a boycott of the brand over its use of ingredients grown with pesticides.

The announcement was met with anger on social media, with many users vowing they would stop buying the iced coffee drink altogether.

"Farmers Union Iced Coffee is the next dairy company to be sold off to China, lets [sic] make these Chinese companies go broke in Australia," a page named "Make Australia Great Again" posted.

"I will not be buying any Farmers Union or any of [sic] others owned by China," one Facebook user responded to the post.

Another user pointed out that the drink was already foreign-owned.

"Currently owned by a Japanese company … are we upset that it's not owned in Australia (why was it sold to begin with) or that it will be owned by the Chinese?" he wrote.

On the company's official Facebook page many people left comments and questions about the proposed takeover.

Baby formula company set to be taken over by a Chinese dairy giant is forced to pay $49.7million to investors after class action lawsuit

  Baby formula company set to be taken over by a Chinese dairy giant is forced to pay $49.7million to investors after class action lawsuit Bellamy's Australia are paying back investors after claims they lost money purchasing the shares following misleading statements and non-disclosure. The settlement is pending court approval and bears no admission of liability by Bellamy's, which also ensures the payment will be covered by insurance and will not impact the company's finances.'This settlement is a good outcome for group members,' Slater and Gordon senior associate lawyer Kaitlin Ferris said.'If the settlement is approved in court, we expect to distribute settlement funds to class members in the first half of 2020.

Farmers Union Iced Coffee was launched in 1977 by a group of dairy farmers who were creating a new recipe for the Royal Adelaide show. The milk beverage is Australia’s largest selling flavored milk and each year Australians consume in excess of 27 million litres of the beverage each year.

Farmers Union Iced Coffee in Australia also enjoys a high profile for popular commercials featuring rough male workers acting out ballet with heavy machinery The Light Iced Coffee proved to be rather unpopular, as many consumers didn't like the slightly weaker taste and chose the original alternative.

"We are currently part of Lion, which is Japanese-owned and they have announced the Dairy & Drinks business is being sold to Mengniu Dairy, pending regulatory approvals," it responded.

"Even with Mengniu Dairy's ownership, we will continue making our great-tasting products including Farmers Union Iced Coffee at our Australian manufacturing sites — supporting Aussie jobs and continuing to source all our milk from Australian dairy farms/fruit from Australian growers.

"We believe that Mengniu Dairy is the ideal owner to take Dairy & Drinks forward, given its track record of investing in the Australian dairy industry."

SA Dairyfarmers' Association chief executive officer Andrew Curtis told ABC Radio Adelaide a boycott would only hurt South Australian workers.

"I don't know who it would serve," he said.

"It is South Australian milk from South Australian dairy farmers, it's processed by South Australians who live and work in the north of Adelaide, I'm not sure who [a boycott] would benefit.

Big River Milk the latest dairy farm to shut its gates amid price and drought pressure

  Big River Milk the latest dairy farm to shut its gates amid price and drought pressure With running costs out of control due to the pressure of the drought, a well-known dairy in north-eastern NSW has no choice but to close, and it's not just the farm workers who will feel the effects.Big River Milk, based in the Clarence Valley at Southgate, will join more than 200 other farms that have shut down over the past decade when it ends more than 15 years of operation at the end of the week.

Farmers Union Iced Coffee in Australia also enjoys a high profile for popular commercials featuring rough male workers acting out ballet with heavy machinery in order to take up their boss on his word that he would provide them with a truck load of Iced Coffee if all his workers took up ballet.

The text urges EU member states to sign up to the International Holocaust Remembrance Alliance’s “working definition of antisemitism” and exclude from government any politicians or parties that breach it. European court of justice says origin must be identified in decision likely to anger Israel.

"And for a lot of people it would mean going to a lesser, certainly a lesser well-known iced coffee drink."

Mr Curtis said the sale was actually good news for the brand and the production of the milk would remain in South Australia.

"We see this as a good opportunity for the business, which has got a significant position in South Australia to get on and to keep producing," he said.

"It means we have got a good understanding that the plant at Salisbury will continue to work, continue to produce liquid milk that we have on our Weeties but also Farmers Union Iced Coffee, which is a South Australian staple."

Brand has a cult following in SA

Farmers Union Iced Coffee has a cult-like following in South Australia — the brand even has its own merchandise including T-shirts, hats and jumpers.

Earlier this year, the popular milk drink was in short supply.

Lion Dairy & Drinks put it down to the drought.

It is even rumoured to be one of few markets throughout the world to rival Coca-Cola for consumption.

"I can't say it's the only one, but it certainly stands out as a market where there is something that rivals Coke," Mr Curtis said.

Fleurieu Milk Company, a local dairy company south of Adelaide, has used the sale to promote the fact it is South Australian owned and operated.

On the day the sale was announced, the company posted a picture of two of its iced coffee flavoured milks asking "is your favourite milk South Aussie owned? Choose carefully".

The post had more than 800 reactions and was shared more than 400 times.

The company has since put out a second post promoting it as South Australian owned and operated.

Dairy & Drinks employs around 2,300 people across Australia with others based in Singapore, Malaysia and China, and has 11 manufacturing sites around Australia.

The proposed takeover needs to be approved by the Australian Competition and Consumer Commission (ACCC) and the Foreign Investment Review Board (FIRB) before it can be finalised.

Mengniu said it is expecting to obtain approval from the regulators in the first half of 2020.

Despite mounting controversies, Google is still the brand with the best reputation in Australia, according to a new report .
Google has been named the brand with the healthiest reputation in Australia, according to The Brand Institute of Australia. Coming in second was home and hardware store Bunnings, followed by Samsung and Apple.In its 2019 National Reputation Health Report, The Brand Institute of Australia looked at Australia's 100 most recognisable brands and provided insights into their reputation. The report was compiled from interviews of a sample of 2000 nationally representative Australian adults.

—   Share news in the SOC. Networks

Topical videos:

usr: 9
This is interesting!