Australian foods such as TimTams, Milo, VB, XXXX are actually foreign-owned

Iconic Australian food and drinks such as Tim Tam, Milo, Golden Gaytime, Victoria Bitter and XXXX are all owned by foreign companies.

Many of Australia's confectionary products and ice creams are owned by multinational companies in Europe and the US. 

Australian beers are still brewed on home ground but are owned by Japanese breweries like Asahi and Kirin, or Belgian firm Anheuser-Busch InBev.  

Milo (pictured) is owned by Swiss multinational conglomerate Nestlé, which is headquartered in Vevey, Switzerland. Milo began production at the plant located in Smithtown in the Macleay Valley on the NSW mid-north coast, where it is still made to this day

Milo (pictured) is owned by Swiss multinational conglomerate Nestlé, which is headquartered in Vevey, Switzerland. Milo began production at the plant located in Smithtown in the Macleay Valley on the NSW mid-north coast, where it is still made to this day

Milo   

The famous chocolate and powder is owned by Swiss multinational conglomerate Nestlé, which is headquartered in Vevey, Switzerland. 

Australian industrial chemist Thomas Mayne invented Milo as a cheap way to feed vitamins and minerals to children during the Great Depression in 1934. 

Milo began production at the plant located in Smithtown in the Macleay Valley on the NSW mid-north coast, where it is still made to this day.   

The powder is also manufactured outside of Australia, where it is customised for local methods of preparation in Oceania, South Asia, Southeast Asia, South America, the West Indies, and parts of Africa.     

In Malaysia and Singapore as well as Brunei and some other parts of Asia, Milo with ice added is known as 'Iced Milo' and is even available at McDonald's and KFC. 

Golden Gaytime, Paddle Pop and Bubble O Bill 

Australia's iconic ice creams, including Golden Gaytime, Paddle Pop and Bubble O Bill, are all owned by Streets.

Streets was founded in NSW in 1934 but was acquired by British–Dutch multinational Unilever in the 1960s.   

Today most cream-based products from Streets are produced in Minto, Sydney, while water-based products - like icypoles - are imported from China. 

The Australian ice cream company now has the same heart logo as HB Ice Cream in Ireland, Wall's Ice Cream in the UK and Good Humour in the U.S. 

Australia's most iconic ice creams, including Golden Gaytime, Paddle Pop and Bubble O Bill, are all owned by Streets. Streets was founded in NSW in 1934 but was acquired by British–Dutch multinational Unilever in the 1960s

Australia's most iconic ice creams, including Golden Gaytime, Paddle Pop and Bubble O Bill, are all owned by Streets. Streets was founded in NSW in 1934 but was acquired by British–Dutch multinational Unilever in the 1960s

Tim Tams (pictured), Monte Carlos, Wagon Wheels, Ice Vovos, Shapes and other famous creations from Arnott's have been American-owned since 1997

Tim Tams (pictured), Monte Carlos, Wagon Wheels, Ice Vovos, Shapes and other famous creations from Arnott's have been American-owned since 1997

Tim Tams and other Arnott's products 

Tim Tams, Monte Carlos, Wagon Wheels, Ice Vovos, Shapes and other famous creations from Arnott's have been American-owned since 1997. 

Arnott's began as a bakery in Morpeth, NSW in 1865 before growing into the

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