Dairy Farm

Retail Asia08/04/2016

Jaya Grocer Malaysia is attracting the interest of private equity firms wanting to buy a shareholding of up to 49 per cent. Creador, TPG Growth and a Japanese fund based in Singapore have been shortlisted in a deal said to value the supermarket chain at about RM175 million (US$43.8 million), reports The Star. It quotes […]

Retail Asia27/03/2016

Profitability is at a six-year low. Retail giant Dairy Farm has been underperforming in recent years, battered by weak sales, soft consumer sentiment and smaller market share. As a result, its profitability and share price has taken a beating, with the stock now hovering at its lowest point since 2010. Despite Dairy Farm’s poor showing, RHB […]

Retail Asia18/03/2016

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Dairy Farm Group says it plans to expand its Starbucks Hong Kong and Vietnam networks. Last year, Dairy Farm opened six new Starbucks Vietnam cafes and its first in Cambodia – in the capital city Phnom Penh last December. “This new market offers significant opportunities as there is no dominant market player,” said CEO Graham […]

Retail Asia16/03/2016

Weak performances in Singapore and Indonesia eroded underlying profits in multinational retailer Dairy Farm Group’s food division last year. Last week, Dairy Farm reported a 5 per cent overall increase in sales on a constant currency basis, but a 14 per cent decline in underlying profit due to the “challenging” operating environment across Asia. Sales […]

Retail Asia05/02/2016

French retail group Casino’s sale of its Thai and Vietnam units has drawn the eye of Singapore’s Dairy Farm International Holdings and South Korea’s Lotte Shopping but they’ll need punchy bids to go up against deep-pocketed Thai tycoons, bankers said. The auction represents a rare opportunity for cashed-up Asian companies to expand into what analysts […]

Retail Asia16/11/2015

Dairy Farm International Holdings says softer sales growth and steep cost increases led to weakened margins in the third quarter. In an interim management statement, which does not include financial data, the Hong Kong-based pan-Asian retailer says the group faced more difficult economic conditions, and focused on building market share and investing for the long-term […]

Retail Asia03/10/2015

Dairy Farm International says it has now closed 74 stores in Indonesia – and more will follow before the year ends. Dairy Farm is the majority owner of the PT Hero retail network which includes supermarkets, Guardian pharmacies and Starmart convenience stores, which at the beginning of this year numbered 715. In July the company […]

Retail Asia10/08/2015

Dairy Farm says it achieved “modest” like-for-like sales growth in most of its major markets in the first half of this year. However, underlying profit fell 14 per cent to US$193 million, largely due to margin pressures in the food businesses and a disappointing half for its Guardian health & beauty group in Malaysia. With […]

Retail Asia24/07/2015

Vietnam’s retail market is set to grow by 8.4 per cent annually until 2020, making it one of the fastest-growing markets in south-east Asia. Against a backdrop of increased disposable income, rapid urbanisation and an appetite for change among younger shoppers, we take a look at five trends defining the marketplace for pan-Asian retailers right […]

Retail Asia01/04/2015

Hong Kong’s Dairy Farm International has acquired the Macau-based supermarket operator, San Miu Supermarket. The purchase price was not disclosed. San Miu operates 15 mass-market supermarkets with an average gross store size of approximately 9500 sqft. In a statement, Dairy Farm said the purchase of San Miu reinforces Dairy Farm’s retail presence in Macau, and […]

Retail Asia26/03/2015

Dairy Farm International has been given regulatory clearance to acquire its target 19.99 per cent stake in Shanghai-listed Yonghui Superstores. The deal, announced last August, was conditional on regulatory approvals. Dairy Farm has now confirmed it has received the final and unconditional approval of the China Securities Regulatory Commission, which was the final clearance required. […]

Tag: Dairy Farm

Investors eye Jaya Grocer Malaysia

Will underperforming Dairy Farm ever recover?

Growth plan for Starbucks Vietnam and Cambodia

Singapore, Indonesia drag Dairy Farm Group food division

Suitors for Casino’s Asia assets will have to face off against Thai tycoons

Dairy Farm struggles in SE Asia

Dairy Farm closes more Indonesia stores

Dairy Farm reports modest growth

Five trends in Vietnam retailing

Dairy Farm boosts Macau reach

Dairy Farm cleared to buy Yonghui stake