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Mr Forbes, who is a dairy farmer based at Gloucester on the Mid North Coast of New South Wales, said farmers had been facing higher input prices, including for items such as diesel and fertiliser. “It means our profit margins have been reduced,” he said. “I…
The TPG-backed Made Group is tapping into the growing health trend of low sugar drinks and increasing its focus on sustainability by using innovative technology to create a milk product, ReMilk. Made Group was the first Australian company to launch…
Mandolé Orchard has expanded its range with the launch of Chocolate Almond Milk, Coconut Almond Milk, and Smooth Almond Butter. According to the brand, the three new products not only celebrate its “signature goodness and commitment to wholesome products but…
Jollibee Foods Corp has acquired a majority stake of Milkshop International, operator of Taiwanese milk tea chain Milksha, through its subsidiary Jollibee Worldwide. The acquisition deal, equivalent to 51 per cent ownership, is valued at approximately US$12.8…
A2 Milk Co Ltd said on Wednesday Australian law firm Slater and Gordon has filed a class action lawsuit against the dairy firm on behalf of investors who bought its shares over a nine-month period when it issued multiple earnings downgrades. Shares of a2…
Major milk tea brands Gotcha and Chatime have disclosed Australian expansion plans and their focus during the next few years. The assistant MD of Gotcha, Christy Chen said that the brand is set to open 20 new stores by the end of the year. “Gotcha will…
A2 Milk’s NZ$270 million bid for New Zealand-based Mataura Valley Milk has been given the green light by the country’s Overseas Investment Office. The decision clears the way for a2 to pick up a 75 percent interest in the dairy nutrition business, which is…
Brownes Dairy has been penalised $22,200 by the ACCC over two breaches of the Dairy Code of Conduct last year. Last year, the WA dairy producer published two standard form milk supply agreements on its website which failed to specify key terms such as a…
Dairy giant Fonterra says a 61-per-cent boost in normalized profit for the nine months to April shows its restructuring program is paying dividends. The New Zealand-headquartered company recorded a net profit after tax of NZ$603 million, up 2 percent – or…
Japanese sweetened probiotic milk brand Yakult is to open a pop-up dessert store in Tokyo next month. Located at the Shibuya 109 building, the Yakult store will offer a range of ice creams, soft serves, and shakes, which are mixed with probiotic milk. Seven…
Vinamilk has climbed six ranks to 36th in the top 50 world dairy producers with the highest turnovers, according to Plimsoll, a British financial analysis agency. With revenue of $2.6 billion in 2020,Vinamilk is the only representative in Southeast Asia to be…
Chinese milk-tea brand Heytea has launched a retail concept resembling a convenience store in Singapore. The store, which is also the brand’s first outlet in the city’s south, is located at VivoCity and features bright orange and grey striped frontage,…
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…
Vietnam’s sovereign fund and two Singaporean investors failed to acquire stakes in dairy giant Vinamilk this month as they had planned. A subsidiary of the State Capital Investment Corporation (SCIC) was unable to buy 225,000 VNM shares, or a 0.01 percent…
Moc Chau Milk, a subsidiary of Vietnam’s biggest dairy company Vinamilk, wants to increase its foreign ownership cap to 100 percent in order to raise funds. It seeks to do this by removing some business registries in which the government restricts 100 percent…
Vinamilk has signed a $20 million deal with a distributor in Dubai to supply dairy products from the second quarter of 2020. Vietnam’s biggest dairy company said in a statement that the deal with the distributor, whom it did not identify, was signed at the…
