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Synlait Milk swung back to profitability amid a double-digit increase in sales during the fiscal first half. The company’s revenue for the six months ended January 31 jumped 16 percent to NZ$916.8 million. Earnings before interest, taxes, depreciation, and…
Chinese milk tea brand Chagee is facing criticism for apparently adopting the ‘nine-dash line’ in its digital app while it prepares to launch in Vietnam. According to local reports, Vietnamese customers are calling for a boycott of Chagee after learning that…
Chagee, one of the largest milk tea brands in China, has expanded into Vietnam and will soon launch its first store there. On Monday, its official Facebook page shared a poster saying “Hello Vietnam” with a caption that read: “Vietnam, let’s get ready for…
The famous noodles dish pho has been franchised for the first time in the Philippines along with milk tea and spa services by three Vietnam’s companies. Pho’S, Phuc Tea and Care With Love have signed franchise contracts with Philippine businesses through the…
Specialty dairy company A2 Milk’s full-year profit is up by a third, driven by strong growth in its China section, despite challenging market conditions. Though it was expecting growth in the Chinese market to slow next year. Key numbers for the year ended…
A consignment of soy milk found contaminated and destroyed in Japan must have been tainted en route, Vietnamese exporter Vinasoy has said. Tests by the National Institute For Food Control on Monday did not find coliform bacteria in the Fami Calcium Soy Milk…
Fonterra Co-operative Group Ltd today released its 2023 Interim Results which show the Co-op has delivered a half year Profit After Tax of $546 million, an earnings per share of 33 cents, and a decision to pay an interim dividend of 10 cents per share…
Chinese tea chain Mixue has launched in Australia, opening its first store in Sydney’s World Square shopping centre. Two more locations are imminent in Brisbane and Melbourne. The Sydney store features floor-to-ceiling windows spanning an entire wall and red…
The company attributed its strong earnings growth to the performance of its protein portfolio, particularly in medical nutrition. It has forecast farmgate milk price of between $8.50 to $9.50 per kg of milk solids, with a midpoint of $9. Mike Hurrell,…
Fonterra’s first-quarter profit jumped 84% as it benefits from strong margins in its protein and cheese products. The country’s largest dairy processor said normalized after-tax profit increased to $214 million in the three months to October 31, from $116m…
The Vinamilk – Kido Beverage Joint Venture Company has announced its dissolution after just a year of doing business. Vinamilk, the country’s largest dairy company, decided to end its joint venture with ice-cream producer Kido with effect from December 1 due…
Dielac powdered milk has changed the habit of Vietnamese consumers who used to prefer foreign goods by well addressing the nutritional needs of children. Nguyen Quang Tri, Vinamilk’s executive director of marketing, brought the success story of Dielac…
A2 Milk Company has taken legal action in the Federal Court against an Australian competitor, Care A2 Plus, and its associated companies for infringing its trademarks. In a filing, A2 Milk sought a permanent injunction restraining Care A2 Plus from selling or…
New Zealand dairy giant Fonterra has decided to retain full ownership of its Australian business after a 12-month review, with chief executive Miles Hurrell saying the Australian consumer brands are important in the company’s strategy of moving higher up the…
New Zealand dairy giant Fonterra has decided to retain full ownership of its Australian business after a 12-month review, with chief executive Miles Hurrell saying the Australian consumer brands are important in the company’s strategy of moving higher up the…
Fonterra said it had worked with DSM, a global nutrition and bioscience company, since 2019 to speed up the making of proteins with dairy-like properties using precision fermentation. The partnership had already created intellectual property and filed…
