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Twenty-twenty was an eventful year to say the least. As the tumultuous year comes to a close, the world is still reeling from the deadly Covid-19 pandemic, which has impacted every aspect of life and business.

But there was more to this year than disease and strife. Big deals were done, innovations launched, and progress towards sustainability was made.

To read the roundup of the most important stories of the year, published in PKN's Nov-Dec 2020 issue, click here.

Food & Drink Business

Melbourne-born functional lifestyle beverage brand, Bae Juice, has continued to reach for the stars since starting out in 2019, with the company recording one of its biggest seasons yet – selling one pack of its anti-hangover Korean pear juice every 12 seconds in December 2026.

The a2 Milk Company (a2MC) has upgraded its FY26 outlook after delivering stronger first-half growth across infant milk formula (IMF), liquid milk and nutritionals.

Treasury Wine Estates (TWE) has reported a loss of $649.4 million in its 1H26, due to the large non-cash impairment of $770.5 million against its US business and ongoing challenging market conditions.