Dick smith food products

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AN ERA in which value-added food companies such as Dick Smith Foods and Paul Newman's Own could be used as vehicles to generate cash for charitable organisations is fast coming to a close. DICK Smith Foods, the company used by the entrepreneur cum philanthropist to generate millions of dollars for Australian charitable organisations is fast approaching its use-by date, founder Dick Smith said on Friday. Mr Smith said originally Dick Smith Foods had been established because the iconic Australian product Vegemite had been bought by Kraft Foods, which in turn was owned by cigarette manufacturer Philip Morris.

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Aldi have basically destroyed us. I failed. Mr Smith warned the three Australian supermarket CEOs that Aldi was making both products and the supermarkets themselves uncompetitive.

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Thank you for signing up. Sorry, it looks like an error occurred. Dick Smith has announced he will shelve his Australian food business, blaming the meteoric rise of "extreme capitalism" and the success of Aldi supermarkets.

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Businessman Dick Smith is shutting down his eponymous food brand and has blamed the rapid rise of Aldi supermarkets in Australia. Australian businessman Dick Smith says competition from Aldi has forced him to shutter his food products line. Dean Lewins.

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Not even a Dick Smith hat could persuade Australians to buy Ozemite spread in sufficient numbers. Source:News Corp Australia. Aldi is to blame.

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Dick Smith Foods is a food brand created by Australian entrepreneur Dick Smith to provide Australian owned and produced alternatives to products from foreign-owned food companies. It was formed in largely in response to the high market share of those companies, and the increasingly frequent take-over of previously Australian-owned companies, including Arnott's and Pauls. On 26 JulyDick Smith announced the business would close in due to competition with German supermarket Aldi and to avoid bankruptcy.

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Updated July 26, Australian businessman Dick Smith has blamed Aldi's "extreme capitalism" for the demise of his food business which he says is closing in order to avoid bankruptcy. Dick Smith Foods, which has 13 products including a range of spreads, tomato sauce, and cereal, will be phased out over the coming months.

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I thank everyone for the incredible support over the years. If you remember, I made announcements at the time. However, everyone came out with incredible support and I put in a lot of extra time in trying to revitalise the brand.

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Updated July 27, A leading retail analyst says Dick Smith's food business was "bound to fail" as consumers continue to choose what is best for their wallets, and should act as a warning sign to other local food suppliers. Peter Ryan, who has been working as an analyst in the retail sector for almost 40 years, said Dick Smith's announcement that he would shut down his food business was "no surprise". Mr Smith blamed German supermarket giant Aldi's "extreme capitalism" for the demise of his food business, as he announced it was closing in order to avoid bankruptcy.

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