Dairy Farm boosts Macau reach
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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 complements its well-established convenience store and health and beauty businesses in the territory.
Dairy Farm Group, together with its associates and joint ventures, operates more than 6100 outlets – including supermarkets, hypermarkets, convenience stores, health and beauty stores, home furnishings stores and restaurants – employing over 100,000 people. It posted total annual sales in 2014 exceeding US$13 billion. It is a member of the Jardine Matheson Group.
Questions & Answers
Q.What kind of stores does San Miu Supermarket operate in Macau?
What kind of stores does San Miu Supermarket operate in Macau?
San Miu Supermarket operates 15 mass-market supermarkets. Each store has an average gross size of around 9,500 square feet, contributing to Dairy Farm's retail presence in Macau.
Q.How does this acquisition fit with Dairy Farm's existing operations in Macau?
How does this acquisition fit with Dairy Farm's existing operations in Macau?
The acquisition reinforces Dairy Farm's retail presence. It complements their already established convenience store and health and beauty businesses within the territory, expanding their market reach.
Q.Is Dairy Farm International a standalone company or part of a larger group?
Is Dairy Farm International a standalone company or part of a larger group?
Dairy Farm International is a member of the Jardine Matheson Group. This indicates it operates as part of a wider corporate entity with diverse business interests.
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