Sydney pub the Agincourt Hotel, the home of Club 871 and live entertainment venue The Alley, has been sold to an investor group with plans to refurbish.
Shareholders are set to pocket 58 per cent of a $65 million settlement in a class action against Treasury Wine Estates if the deal is approved by a court at a hearing this month.
Famed restaurant chain Momofuku has lost its challenge to the ‘Momofuku’ word mark of instant noodle giant Nissin, with IP Australia finding consumers were not likely to be deceived or confused because of the different goods and services provided by the two companies.
Dairy company Fonterra is reportedly challenging a court’s refusal to give it certainty over lucrative licence agreements with Bega Cheese as it pursues a sale of its Australian business.
Hungry Jack’s has paid over $150,000 in penalties for allegedly breaking the Australian Consumer Law by failing to comply with button battery standards with its ‘burping Garfield’ kids meal toy.
The competition regulator has opened an informal review into whether competition issues would arise should French dairy company Lactalis make a play for the assets of New Zealand dairy cooperative Fonterra which are up for sale.
Dairy company Fonterra can’t get a court declaration that its Australian exit plans will not trigger change of control clauses in lucrative licence agreements with Bega, potentially affecting the likely sale price.
A $43 million settlement in a class action alleging Noumi misled investors about its inventory is fair and reasonable in light of confidential information about the food company’s financial position, a court has heard.
Muffin Break franchisor Foodco has defeated a franchisee’s challenge to a ruling that put it on the hook for money owed under a rental agreement after the lease for the store at the Bayside Shopping Centre in Frankston was not renewed.
The competition regulator has signed off on Woolworths’ acquisition of chilled ready meals supplier Beak & Johnston, finding rival retailers would still have plenty of options for supplying ready meals.