31 stories in this topic
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…
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…
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…
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…
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…
South Korean health and beauty brand CJ Olive Young is seeking to expand in Southeast Asia. The retailer is working with pan-Asian retailer Dairy Farm Group, which will distribute Olive Young products through its branded health and beauty stores in Indonesia…
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…
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…
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…
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…
“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…
“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…
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…
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…
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…
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…