Nestlé has unveiled its latest Peters Ice Cream offering, Peters Overload. The new icecream is a “chunky, smashed up, parlour-style ice cream”, boasting more than double the quantity of inclusions, both sauce and pieces, of the average tub of icecream in Australia’s supermarket freezers. The icecream will come in three flavours, two using established Nestlé brands – a Violet Crumble offering, with honeycomb ice cream, chunks of Violet Crumble and chocolate sauce, a Rolo... ...Read more »

Nestlé Australia has received approval from the Australian Competition and Consumer Commission for their proposed acquisition of a selection of Fonterra’s ice-cream interests in Australia. The ACCC found that the proposed acquisition of the Peters brand in Western Australia and Connoisseur brand Australia-wide was “unlikely to substantially lessen competition in the relevant markets”. “In reaching its conclusion the ACCC noted that the merged entity would not have the ability... ...Read more »

New Zealand dairy giant Fonterra has announced binding agreements with both Nestlé Australia and Regal Cream Products (Bulla Dairy Foods) to sell its Australian ice cream business. The world’s largest dairy exporter will sell the Peters brand in Western Australia and the Connoisseur ice cream brand to Nestlé, while Bulla will acquire the license to manufacture and market the Cadbury ice cream range in Australia. The decisions have reportedly been made to save the more profitable Browne’s... ...Read more »