WA's oldest and largest dairy company, Brownes, has been put up for sale after its Chinese owner got into financial difficulty over a $200 million loan.
WA dairy company Brownes has been hit with two infringements after failing to comply with a code that requires it to disclose the details of milk supply agreements.
The company behind Masters dairy products is moving from Japanese to Chinese ownership, after the dairy heavyweight behind the $1.5 billion bid for organic infant formula maker Bellamy's Australia agreed to acquire Lion Dairy & Drinks.
Western Australia's three largest dairy producers are now under foreign ownership, after Brownes was sold to a consortium of investors that includes Chinese dairy operator Shanghai Ground Food.
Shares in Woolworths have fallen after the supermarket giant finalised its exit from its disastrous Masters hardware venture by completing the sale of its store sites.
At least two Western Australian Bunnings warehouses will close as part of the hardware giant's purchase of Woolworths' Masters sites, BWP Trust has disclosed.
The Australian share market has made some solid gains as the prospect of an interest rate hike in the US in September was pared back following some weaker-than-expected US jobs figures on Friday night.
Woolworths has pressed on with cutting ties with Masters by replacing its directors on the failed hardware chain's board with staff from insolvency firm KordaMentha.
Retail giant Woolworths has been ordered to pay more than $11 million to a Victorian property developer for breaking a contract for the construction of a Masters hardware store.
