Food & Drink

The rate of business failures in hospitality and retail during the past year should be ringing alarm bells for decision makers.

Coles' full-year profit has slipped 9.1 per cent to $1.43 billion, despite an increase in supermarket comparable sales as it invested in supply chain improvements and restructured following its spin-off from Wesfarmers.

Crown Resorts' full-year profit has fallen 4.7 per cent to $368.6 million, with revenue from floor gaming down in Perth and reduced VIP revenue across Australia.

The Leederville-based business which owns the iconic Perth brand Java Juice has entered administration, with stores in Joondalup and Perth closing doors in recent weeks.

Aurora Capital has abandoned its planned takeover of Yowie Group and says it would instead support winding up the Australian chocolatier if management cannot plot a convincing near-term turnaround strategy.

Perth's hospitality woes have continued, after fish and chip chain Sweetlips entered liquidation and Raine Square tenant Tim Ho Wan closed its doors after less than a year.

Uber Eats has committed to changing its contracts with restaurants following an investigation by the Australian Competition and Consumer Commission.

Liam and Sarah Atkinson have made what some might say is a rebellious move, taking the plunge and setting up a restaurant in the underperforming Beaufort Street precinct.

Graeme Yukich's European Foods has purchased Blue Cow Cheese, which went into administration last month.

The state government is calling for food, beverage and retail businesses to submit proposals to operate three commercial spaces in the new museum.

Supermarket giant Woolworths is combining its liquor and hospitality businesses ahead of a divestment next year.

The Australian Securities and Investments Commission has appointed Morgan Stanley to sell a stake of approximately 12.9 per cent in Yowie Group, which the regulator seized in April.

US company Civeo has acquired Kewdale-based Action Industrial Catering, which counts Fortescue Metals Group, Pilbara Minerals and Western Areas among its major clients.

Food distributor Blue Cow Cheese has been placed into administration, with Cor Cordis's Joseph Nipps and Clifford Rocke appointed as administrators.

Collins Foods has lifted its payout to shareholders after strong sales at its Australian KFC network helped the company boost full-year profit 20.3 per cent to $39.1 million.

Jacquie Chan is set for a busy few weeks, with four new venues under the Miss Chow's Group banner set to open by the end of July.

One of Perth's sauciest companies is seeking a $5 million valuation with a hand from the Perth Angels.

The Supreme Court of Western Australia has given a Nedlands sports club the green light to appeal its failed attempt at regaining a liquor licence, after its facilities where deemed not to constitute a sports arena.

One of WA's most experienced hospitality professionals is helping lower the barriers to enter the craft beer industry.

WA's contemporary brewers are building on the foundations laid by modern institutions such as Little Creatures and Feral Brewing Company.

Opening four venues in a heritage building in Fremantle is the latest venture from the team responsible for taking Oktoberfest national.

Western Australia's largest wine producer has increased its dominance of the sector in a year when many producers were affected by extreme weather events.

James Packer has sold a $1.76 billion stake in Crown Resorts to Hong Kong-based Melco Resorts & Entertainment.

Two businesses at Yagan Square have shut up shop in recent weeks, with warnings more may follow as tenants grapple with low foot traffic.

The state government has selected a newly formed company owned by drink manufacturers Coca-Cola Amatil and Lion to run the state's container deposit scheme.

Competition has enabled 2015 Rising Stars winner Dinner Twist to define its niche in the meal kit industry.

Liquidators have been appointed to Mad Dogs Jungle Bar five months after the Milligan Street venue shut its doors following a dispute with the landlord, but it is anticipated the decision may be reversed.

ASX listed investment firm Keybridge Capital has cancelled its proposed $20 million takeover of Yowie, citing the Perth-based confectionery company's worsening financial results.

A report commissioned by ALDI has found the German supermarket giant contributed over $139 million to Western Australia's economy in 2018.

Supermarket giant Woolworths has lifted third-quarter grocery sales by 4.2 per cent, reaping the benefits of lower deflation and more favourable weather conditions.

Revenue at agribusiness Heytesbury Holding dropped 14 per cent to be $47.7 million in the year to December, but sales income was steady.

Perth's grocery wars, amplified by giant Aldi's market push and price cuts by Coles and Woolworths, have claimed five struggling smaller supermarkets over the past five months.