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Tag: Dairy Farm

Retail Asia25/02/2023
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Food

Dairy Farm to sell its Malaysian grocery business

2min0
Dairy Farm International Group (DFI) is disposing its grocery venture in Malaysia, which includes the supermarket chain Giant, for an unspecified figure after having operated in the country for 24 years. The retail group, based in Hong Kong and listed in Singapore, has inked an agreement with a group of Malaysian business people headed by […]
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Retail Asia09/11/2020
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Food

Dairy Farm announced difficult third quarter

7min0
Dairy Farm International Holdings Limited today issues its Interim Management Statement for the third quarter of 2020. The Group’s overall performance in the third quarter improved relative to the first half.  While the Group’s results continued to be affected by the COVID-19 pandemic, the impact was partially offset by the receipt of government support.  Grocery […]
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Retail Asia21/10/2020
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Living

Dairy Farm sells Rose Pharmacy chain to Robinson Retail

3min0
Listed Robinsons Retail Holdings reported on Friday that it acquired local drugstore chain Rose Pharmacy Inc. through its subsidiary South Star Drug Inc. In a disclosure, the Gokongwei-led retailer said South Star Drug and Dairy Farm International Holdings Inc. subsidiary Mulgrave Corp. B.V. (MCBV) signed a share purchase agreement to buy Rose Pharmacy. Dairy Farm […]
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Retail Asia23/06/2020
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Food

Dairy Farm launches new Market Place store in Hong Kong

2min0
Dairy Farm launched its new Market Place fresh food and grocery store at Hong Kong’s Langham Place shopping centre today. Described as “a brand new gourmet experience for foodies and gastronomes” the store features fresh foods at its core with made-to-order meals and fresh-baked breads “This new design has been created to bring to life […]
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Retail Asia04/06/2020
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Food

Dairy Farm sells Wellcome Taiwan to Carrefour

3min0
Hong Kong-headquartered Dairy Farm is to sell its Wellcome Taiwan grocery retail business to Carrefour, with settlement later this year after regulatory approvals have been granted.  The deal – worth about €97 million – includes about 224 stores and warehouses, along with some property assets. Wellcome Taiwan’s turnover last year was approximately €390 million. The […]
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Retail Asia18/11/2019
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Food

Hong Kong protests taint solid Dairy Farm results

4min0
Ongoing restructuring is impacting on Dairy Farm International’s grocery and convenience sales – but total group income is up. In a third-quarter management update, the company said combined sales including 100 percent of those of associates and joint ventures for the period were ahead of the same period last year, primarily due to the investment […]
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Retail Asia16/08/2019
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Food

Dairy Farm sales lift through several acquisitions

6min0
Dairy Farm sales surged by 13 percent in the first half of the year to US$13.8 billion. The Hong Kong-headquartered company said the improved top line was largely due to its investment in Robinsons Retail and a strong performance by Chinese supermarket business Yonghui, but it is clear that early signs of the company’s five-year […]
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Retail Asia14/06/2019
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Food

Dairy Farm adds Starbucks Thailand

4min0
Hong Kong operator to partner with local investor, almost doubling its store network overnight. Dairy Farm subsidiary Maxim’s is about to add Thailand to the list of markets it operates Starbucks cafes. Maxim’s has partnered with a local subsidiary of Singapore-headquartered Fraser & Neave (F&N) to acquire Starbucks Thailand Ltd from the US parent company. […]
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Retail Asia05/03/2019
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Food

Dairy Farm Group CEO says restructure will take some years

18min0
Dairy Farm Group has warned shareholders that its restructure will take five years to complete. “There are few ‘quick fixes’ and no ‘silver bullets’,” CEO Ian McLeod told shareholders in the company’s results filing last week. “Continuous improvement against a deliverable, long-term strategic and operational plan is needed.” McLeod says the Strategic Review launched soon […]
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Retail Asia15/11/2018
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Food

SEA gives struggle to Dairy Farm International

4min0
“Significant challenges” across the Southeast Asian supermarket business are continuing to test Hong Kong-listed multi-format retailer Dairy Farm International. In a management statement discussing the company’s third-quarter performance – which did not include any figures – Dairy Farm said its businesses produced “mixed results” with a strong performance in health and beauty and good results […]
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Retail Asia30/07/2018
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Food

Dairy Farm restructures after recent result

8min0
“Underperforming” subsidiaries and rising rent and labour costs are disturbing the chairman of Hong Kong-listed multinational retailer Dairy Farm International – but those factors failed to prevent a solid second-half year performance. Dairy Farm’s total sales rose 17 per cent to US$12.215 billion in the six months to June 30 and profit attributable to shareholders […]
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Retail Asia12/03/2018
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Food

Dairy Farm International’s plan after hitting bottom line

7min0
Poor trading by Dairy Farm International’s Southeast Asian grocery business hit the company’s bottom line last year, with underlying profit falling 13 per cent. But every other one of the company’s divisions traded strongly throughout the year, according to the results just released. Full-year profit was US$403 million, after allowing for $64 million of costs […]
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Retail Asia14/02/2018
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Food

Dairy Farm to have more shares in pharmacy

1min0
Hong Kong retail giant Dairy Farm has received official approval to increase its stake in Philippine drugstore chain Rose Pharmacy. It is doing this through its European investment vehicle Mulgrave Corporation, which has received the nod from the Philippine Board of Investments (BOI). It seeks to raise its shareholding in Cebu-based Rose Pharmacy from 49 […]
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Retail Asia26/01/2018
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Food

Dairy farm and 7-eleven to sell premium coffee

2min0
Dairy Farm is launching a multimillion-dollar campaign to introduce a premium coffee blend in its 260 7-Eleven Daily Cafe kiosks. With its cappuccinos and lattes just $14 to go, it is staying well below the prices of established coffee shops like Pacific Coffee or Starbucks. “We identified different segments in the coffee market in Hong […]
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Retail Asia07/08/2017
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Food

‘Solid’ profit growth for Dairy Farm International

5min0
Dairy Farm International Holdings had solid profit growth in the first half despite lower sales in its supermarkets and hypermarkets, says chairman Ben Keswick. “While the rest of the year is expected to stay challenging for supermarket and hypermarket activities in Southeast Asia, the group’s other businesses continue to make steady progress.” Overall profits increased […]
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Retail Asia19/05/2017
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Food

Dairy Farm Singapore puts out unified POS terminals

3min
Dairy Farm Singapore Group (DFSG) has confirmed it is deploying 2,000 new unified point of sales (POS) terminals across all Cold Storage, Market Place, Jasons, Giant, 7-Eleven and Guardian stores island-wide. Over 650 stores are expected to receive the new terminals in 2017. The new POS terminals will be deployed at its Cold Storage, Market […]
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Retail Asia28/03/2017
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Food

Booths grocery products head to Malaysia

1min0
Rather than head south in its home market, the upmarket northern England Booths grocery chain has opted instead for a JV in Malaysia. The family-owned retailer, which launched in Blackpool in 1847, has partnered with Hong Kong-listed retailer Dairy Farm, owned by Jardine Matheson, to sell 40 of its best-selling products, including chutneys, jams and […]
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Retail Asia06/03/2017
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General

Solid year for revitalised Dairy Farm International

16min0
Hong Kong-headquartered multi-format retailer Dairy Farm International has celebrated its 130th anniversary with a strong set of results, with food, home furnishings and restaurants delivering higher profits. Total sales, including those of associates and joint ventures, rose 14 per cent in US dollar terms and 17 per cent on a constant-currency basis to US$20.4 billion. […]
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Retail Asia03/01/2017
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Food

For 7-Eleven, its all on a par

3min
In a sign of how far confidence in the yuan has fallen, 7-Eleven stores are valuing the Chinese currency on a par with the Hong Kong dollar, which was last seen in 2007. One yuan fetched HK$1.12 on the foreign currency market yesterday. While China’s currency would need to fall 10.7 percent to reach actual […]
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