Battle of the Titans

Fonterra has made a formal takeover bid for Australian conglomerate, National Foods, earning it the title “NZ moo-nopolist” in the Sydney Morning Herald. The super-company already owns Australian brands Bega, Western Star, Bodalla, Perfect Italiano and Peters & Brownes. In an ironic twist, Fonterra’s chief competition in the takeover bid looks likely to be Graeme Hart, NZ’s most successful entrepreneur and owner of the Burns Philip food group.