Dairy Farm International

Retail Asia14/01/2019

Hong Kong-headquartered healthcare and beauty retailer Watsons is to launch in Vietnam. The first Watsons Vietnam store will open on January 17, in the lower floors of the high-profile Bitexco tower in downtown Ho Chi Minh City. The store will take up at least one floor of a two-storey space recently vacated by Topshop. Teasing […]

Retail Asia30/07/2018

“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 […]

Retail Asia24/05/2018

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Next month’s Consumer Goods Forum to be held at the Marina Bay Sands will feature a ‘who’s who’ of international retail leaders. This year marks the first time in a decade the event is being held in Asia. Running from June 12-15, it is themed Consumer Centricity in a Data-Driven World. Industry leaders including Alibaba […]

Retail Asia30/03/2018

A Shake Shack Singapore store is reportedly planned for the Jewel Changi Airport shopping centre. Singapore food blog 8 Days, quoting an “industry source” says the chic American gourmet burger chain is in the final stages of preparation to launch in Singapore. Elsewhere in Asia, the brand is preparing to open in Hong Kong, where […]

Retail Asia12/03/2018

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 […]

Retail Asia16/11/2017

Dairy Farm sales were described as “flat” in the third quarter to September 30. The Hong Kong-headquartered company said improved performances in health and beauty, Ikea, restaurants and Yonghui were offset by lower sales in the food and grocery division. “The lower food division sales, together with new store pre-opening costs in home furnishings, (Ikea) […]

Retail Asia13/03/2017

Ikea Hong Kong will open its fourth store in the second half of this year, parent Dairy Farm International has revealed. The new store will be located in Tsuen Wan. News of the new store was included in Dairy Farm International’s annual results released at the end of last week. A precise location was not […]

Retail Asia02/08/2016

Pan-Asia retailer Dairy Farm International Holdings reports “modest” sales growth for the six months ended June 30. Underlying profit was slightly ahead as higher contributions from food, home furnishings, restaurants and China hypermarket Yonghui offset a lower contribution from the group’s health and beauty division. The group is seeing the benefits from investments made last […]

Retail Asia04/05/2016

Dairy Farm International’s Indonesia operation continues to struggle in food – but Ikea trades above expectations. The Hong Kong-listed company holds a controlling 83.9 per cent share in PT Hero Supermarket Tbk, which operates Giant hypermarkets and grocery stores, Guardian pharmacies and has the nation’s Ikea franchise, among others. Hero has reported a first quarter […]

Retail Asia29/04/2016

Giant Cambodia has opened its first store in the kingdom, in Phnom Penh’s Grand City Mall. It is part of a major expansion into Cambodia by the Malaysian wholly owned subsidiary of pan-Asian retailer Dairy Farm International, which also has a 70 per cent stake in Lucky Private, the owner of Lucky Supermarkets. Dairy Farm International […]

Retail Asia03/03/2016

Convenience store and grocery retailer Hero Supermarket is to exit the troubled Starmart Indonesia business. Hero, a subsidiary of Hong Kong-headquartered Dairy Farm International, has announced the sale of 80 stores to Fajar Mitra Indah, a subsidiary of Wings Group, an Indonesian food conglomerate which owns the FamilyMart franchise in the country. The networks […]

Retail Asia08/02/2016

At least three major Asian retailers are mulling bids for control of the Big C businesses in Thailand and Vietnam. But they all start as rank outsiders behind Thailand’s Central Group, which already has a 25 per cent share of the Thai Big C business. In a surprise move, France’s Casino group announced earlier this […]

Retail Asia14/08/2015

Dairy Farm International has agreed to acquire a further 143 million shares in a placement by Yonghui Superstores for about US$210 million. The investment by DFCL is being made in conjunction with JD.com acquiring a 10 per cent interest for consideration of about US$700 million and protects Dairy Farm’s existing 19.99 per cent stake. Zhang […]

Retail Asia03/08/2015

Dairy Farm Indonesia is reviewing the future of its Starmart convenience store chain after closing nearly a third of its stores in the latest half year. The chain has been hit hard by the Indonesian government’s moves to limit the sale of alcohol, banning liquor sales in c-stores in April. Since then, Hong Kong headquartered […]

Tag: Dairy Farm International

Watsons Vietnam opens first store this month

Dairy Farm restructures after recent result

Who’s who of retail CEOs at Consumer Goods Forum

Shake Shack Rumoured To Be Opening At Jewel Changi Airport

Dairy Farm International’s plan after hitting bottom line

Dairy Farm sales stagnate

Ikea Hong Kong plans fourth store

‘Modest’ growth for Dairy Farm International

Mixed fortunes for Dairy Farm Indonesia

Giant Cambodia launches in Phnom Penh

Dairy Farm exits Starmart Indonesia

Asian retail giants mull Big C bids

Dairy Farm buys more Yonghui shares

Dairy Farm Indonesia reviews struggling Starmart