Property executive Tony Pitt has taken the reigns at failed olive oil company Olea Australis, and plans to turn its focus to investments in commercial real estate.
Listed olive oil producer, Olea Australis Ltd, has gone back to the future, with the appointment of former chairman Ken Richards as chief executive officer.
Ascot-based olive oil maker Olea Australis Ltd will raise around $2.7 million for working capital through a rights issue to shareholders, following the buy-back of two managed investment schemes.
Western Australia's olive oil producers have been spending big on harvesting, processing and branding to prepare for WA's first big olive harvest. Mark Beyer and Julie-anne Sprague report.
WITH many of Western Australia's olive oil producers expecting yields between three and eight times those of previous harvests, brand building and distribution strategies have assumed even greater importance than usual.
LISTED Western Australian olive producer Olea Australis Limited has executed a distribution agreement for the sale and distribution of its olives throughout Hong Kong and China.
OLEA Australis will launch its new extra virgin olive oil next month in a move aimed at targeting domestic and international premium olive oil markets.
A family day at the Olea Australis olive farm, Dandaragan, was an opportunity for investors and local residents to share in a vision of the region as the premier olive growing area in WA.
