Freedom Foods buys Coomboona
Post-deal AFMH will be the largest dairy producer in Australia …
Harvey Norman warns of 'embarrassing' $29m dairy farm loss
Big box retailer Harvey Norman has told shareholders to expect up to $29 million in further losses from its soured experiement in dairy farming, with its collapsed Coomboona now up for sale.
Harvey Norman dairy farm up for sale
Harvey Norman is getting out of the Australian dairy industry, as a Victorian dairy farm it part-owns is put up for sale.
Harvey Norman's distressed Coomboona Dairies hits market
Harvey Norman’s disastrous foray into dairy farming is coming to an end with agency Elders appointed to sell the entire Coomboona dairies operation in Victoria.
Harvey Norman shareholders down $107m on Gerry's dairy lark
Back in February, billionaire retailer Gerry Harvey implored investors to «sell your boat, sell your car, sell your house, buy Harvey Norman shares» after the market wiped 12.45 per cent off the company’s value in one session, responding to its weaker than expected first-half result (which was in no small part down to the $20.67 million write-down of, and $4.57 million trading losses from, Harvey Norman’s inexplicable 50 per cent stake in a Coomboona dairy farm).
Gerry Harvey's Coomboona dairy investment enters voluntary administration
A high profile investment in the dairy industry by retail giant Harvey Norman has ended in failure.
Dairy boss Geoff Babidge milks it with $18m cash out before departure
While retail billionaire Gerry Harvey was crying over spilt milk at Harvey Norman’s soured dairy investment, Coomboona, A2 Milk’s departing boss Geoff Babidge was making out like a bandit after the dairy operators breathtaking run on the stockmarket.
Harvey Norman shares creamed as Coomboona dairy investment sours
Harvey Norman’s shares have tanked amid disappointing profits, a reduced dividend and multi-million-dollar write-downs in the value of a dairy investment.
Gerry Harvey warns milk sales levy will upset industry
Billionaire retailer Gerry Harvey has warned against imposing a consumer levy on milk sales to help the nation’s dairy farmers buckling under the weight of crashing milk prices, saying it would interfere in the smooth running of the free market and end in tears.
Can Australia meet Asia's growing dairy demand?
LCD televisions, fridges, vacuum cleaners. And milk. Milk may be white but it’s not your typical white good. For Harvey Norman’s Gerry Harvey however, the fit’s just fine, thank you. It’s a bet that makes sense given new ANZ data showing just how much the dairy industry will need to expand to meet growing Asian demand.