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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…
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…
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…
Retail company PT Hero Supermarket (Hero) will spend up to Rp 640 billion (US$48 million) this year for business expansion with retail plans to open stores in several cities across the country. The move will be made to restore the company’s disappointing…
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…
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…
