Why has King Island Island Dairy, a brand with over 120 years of history, failed? Was it, as one local cheesemaker says, due to 'a downward trajectory based on a flawed model'? Is a multi-national to blame? One thing is for sure: the local community just want to know what is next.
Saputo bought King Island Dairy in 2019, but says it will close the business because it has not been able to compete in an "ultra-competitive market".
"We're going through probably the worst drought in 100 years anyway, and the community is already suffering." Saputo chief executive officer and president Carl Colizza stepped into the role in August this year and the latest financial report showed its revenues were up 9.5 per cent, totalling $CAD4.6 billion .
Saputo owns a number of Australian dairy brands, including Cracker Barrel, Devondale, King Island Dairy, Mersey Valley and several others..According to the Australian Food and Grocery Council, this "ultra-competitive" food industry is bound up with a shift in consumer habits.
King Island Dairy Saputo Cheese Brie Tas Farmers Dairy Farm
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