Vietnamese dairy company Vinamilk has fully acquired US-based Driftwood Dairy by buying the remaining 30% stake for $3m. The acquisition comes more than two years after the company bought 70% stake in the US company for $7m. Driftwood ...
Tags: Vietnamese dairy, Dairy products
Vietnamese dairy firm Vinamilk has decided to eliminate its 49% foreign ownership limit to facilitate overseas investment into the company which is valued at $7.85bn. The company has not set a timeframe on when the current limit would be ...
Tags: Vinamilk, Vinamilk investor
Almarai Company has evinced interest in acquiring a controlling stake in UAE-based National Food Products Company (NFPC). NFPC has initiated the competitive sale process for part of its share capital and has informed Almarai to progress ...
Tags: NFPC, National Food Products Company, Almarai, Acqusition
Tassal will stop supplying Coles supermarkets with private label salmon as of 4 June 2016. The Tasmanian seafood company will also stop a salmon supply contract with Simplot from 30 June 2016. Tassal said it decided to withdraw tenders ...
Tags: label salmon, Tassal
Woolworths supermarket group is saying goodbye to its Homebrand private label range and replacing it with another of its private label brand. Homebrand was established by Woolworths in 1983 and developed an early reputation for ...
Yue Yuen reported revenues rose 5.3 percent to $8.43 billion in 2015, led by growth in its network of retail stores. Net pProfits grew 17.9 percent Highlights Revenue up 5.3 percent to US$8.43 billion for the year ended December 31, ...
Li Ning Co Ltd posted a profit in 2015 following three consecutive years of losses. The China-based sports giant posted an annual net profit of 14.3 million yuan ($2.2 million), compared with a 781.5 million yuan loss a year ago. ...
"Across the year, we estimate that 100 million children had a LEGO experience." The LEGO Group has revealed that revenue growth in 2015, excluding foreign exchange impacts, was 19 per cent year over year on a local currency basis. ...
Tags: LEGO Group, Toys
Murray Goulburn says it is feeling the impact of a troubled dairy industry, revealing a slump in net profit to shareholders. The dairy company, which owns the Devondale brand, announced a net profit of only AUD$10 million for the six ...
Tags: low milk prices, Murray Goulburn
A higher proportion of Australians living in rural and regional parts of the country are more likely to purchase cheese than consumers living in the bigger Australian cities says a new report from Roy Morgan Research. In the 12 months to ...
Tags: Cheese, Cheese-buying habits
Lee & Man Paper Manufacturing ,one of the containerboard manufacturers in China, announced its annual results for the twelve months ended 31 December 2015. During the period, the Group recorded a total sales volume of 5.44 million tons, a ...
China's largest new energy car maker BYD has reported surging profit growth in 2015, with demand rising as authorities introduced policy support for green vehicles. BYD raked in 80 billion yuan (12.24 billion U.S. dollars) in revenue last ...
Tags: New Energy Car, EV
Wesfarmers has attributed its latest successful half-yearly results to a strategic emphasis on customer service, good value and improved product ranges in its Coles supermarkets and other retail stores. The parent company of Coles ...
Tags: Wesfarmers, Retail business
The A2 Milk Company today posted a record net profit of NZ$10.1 million (AUD$9.34 million) for the six months ended the 31 December 2015. The dairy producer which specialises in products made from milk that contains the A2 protein only ...
Tags: Infant Formula, A2 Milk
Swiss food company Nestle is planning to acquire the remaining stake of 36.3% in Israel-based food manufacturer Osem for $840m. Nestle had originally invested in Osem around two decades ago, when it had taken 63.7% stake in the company, ...