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Design company Squad Ink was asked to give Australian wine brand Sofi Spritz an Italian makeover recently.

Headed up by creative director Matthew Squadrito, the Squad Ink team was challenged to freshen up the labels for a series of Italian-style cocktails.

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"Italian spritz cocktails are timeless classics, so we approached the packaging in the same way by drawing inspiration from classic, Italian soda brands," Squadrito said.

"We then added a contemporary twist that is clean, crisp and refreshing, much like the flavours of these little beauties."

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The Italian cocktails have an Australian twist with South Australian riesling wine, soda, and all-natural fruit flavours of Blood Orange & Bitters and Lemon & Elderflower.

Food & Drink Business

The Top 10 remained a stable list this year, with five companies holding their position – Fonterra (#1), JBS (#2), Coca-Cola Eurpacific Partners (#3), Asahi  (#4), and Thomas Foods International (#7). The biggest change was Treasury Wine Estates dropping out of the list, from #10 to #13.

Welcome to this year’s Top 100 edition. Each year, when we sit-down with IBISWorld to review the list, there is a sense of anticipation about what it will reveal. New entrants, big jumps and the inevitable tumbles, the list has it all.

Food & Drink Business and IBISWorld present this year’s Top 100 companies, a ranking of Australia’s largest food and drink companies by revenue. This year reflects a sector positioning itself for immediate term viability and long-term competitiveness.