Giant pension funds from Canada, Singapore and US private equity are behind super producers who account for half the $9.1 billion fruit and vegetable market. Bigger is better, and Australia is mirroring a global trend.
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MD Mike Schneider says the hardware giant has only a 25 per cent market share in plants and flowers, but industry group Greenlife says it has 70 per cent.
The country’s largest wine producer says it could split the business to focus exclusively on luxury labels like Penfolds, where demand is rising rapidly.
Soaring profits at big companies selling everyday staples such as groceries, electricity and insurance bring new risks for shareholders and undesirable scrutiny from Canberra.