‘Close to going over the edge’:Ex-CFO fined over Milklab cover-up

‘Close to going over the edge’:Ex-CFO fined over Milklab cover-up

Freedom Foods (now Noumi) former chief financial officer Campbell Nicholas has been penalised for his part in covering up warehouses full of expired stock,which he has expressed remorse for.

  • byJessica Yun

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‘Hidden factories’ and missing millions:Unravelling Milklab’s $590m corporate cover-up

‘Hidden factories’ and missing millions:Unravelling Milklab’s $590m corporate cover-up

Four years on,a Federal Court judgment and court documents lay bare fresh details of the cover-up that brought the maker of Milklab to its knees.

  • byJessica Yun
Milklab maker hopes for ‘coffee culture’ to continue despite cost-of-living crisis

Milklab maker hopes for ‘coffee culture’ to continue despite cost-of-living crisis

Households might be watching their budgets,but the chief of Milklab’s manufacturer is confident Australians will keep making coffee at home.

  • byJessica Yun
Gone sour:Executives behind Milklab maker’s implosion to face court

Gone sour:Executives behind Milklab maker’s implosion to face court

The corporate watchdog is suing two top executives at Freedom Foods who exited the company days before a write-down that brought it to its knees.

  • byJessica Yun
‘Unwavering’:Milklab maker’s boss unfazed by $161 million loss

‘Unwavering’:Milklab maker’s boss unfazed by $161 million loss

Milklab sales were one of the few bright spots in Noumi’s 2022 financial year numbers that otherwise almost entirely went backwards.

  • byJessica Yun
‘Walking away’:Milklab maker ‘refuses’ to talk as European dispute sours
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Food&drink

‘Walking away’:Milklab maker ‘refuses’ to talk as European dispute sours

ASX-listed Noumi is close to wrapping up one dispute with US almond growers over its prized brand – but now faces another legal challenge.

  • byJessica Yun
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The billion-dollar implosion behind Milklab,your barista’s favourite almond milk

The billion-dollar implosion behind Milklab,your barista’s favourite almond milk

Few coffee drinkers would know the company behind the popular plant-based milk product Milklab is involved in a spectacular corporate implosion.

  • byJessica Yun
Milklab to drive Noumi’s return to profit

Milklab to drive Noumi’s return to profit

Noumi chief executive Michael Perich is hoping to benefit from growing appetite for plant-based milks as rising milk prices eat into profits.

  • byJessica Yun
Freedom Foods under pressure as stock write-downs widen

Freedom Foods under pressure as stock write-downs widen

Freedom Foods has confirmed it will have to write down an extra $35 million of inventory and increase its allowance for doubtful debts.

  • byDarren Gray
Freedom Foods feels bite as chief executive takes'leave'

Freedom Foods feels bite as chief executive takes'leave'

Investors sent ASX-listed food maker Freedom Foods shares plummeting after the company said its chief executive Rory Macleod was on leave a day after the resignation of its chief financial officer.

  • byDarren Gray andLucy Battersby
Freedom Foods profit soars on strong China sales

Freedom Foods profit soars on strong China sales

A 37 per cent jump in sales in China combined with substantial growth in branded groceries in Australia has propelled diversified food manufacturer Freedom Foods to a record profit.

  • byDarren Gray