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SeaCube Cold Solutions (SCS), an affiliate of SeaCube Container Leasing and a leading provider of portable cold storage, announces a new partnership with The Wonderful Company. Under this agreement, The Wonderful Company’s Shafter facility will serve as the…
Rent for cold storage in the south stands at $87 per ton in Q4, up 1.67 times against Q1 last year due to limited availability. Vietnam’s e-commerce boom amid the Covid-19 outbreak has fueled demand for cold storage facilities, according to the latest report…
“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…
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…
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.…
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…
K Line announced that construction of a cold storage warehouse in Ho Chi Minh City, Vietnam, by CLK Cold Storage Co. Ltd. – a joint-venture established by Kawasaki Kisen Kaisha, Ltd. (“K” Line), Cool Japan Fund Inc. (“Cool Japan”) and Japan Logistic Systems…
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…
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…
A new player in Singapore’s online grocery market – honestbee – is set to bring a unique approach and ramp up the competition. Jonathan Low, co-founder of the new concept, describes honestbee as “an Instacart-like service which assigns a freelance runner to…
