Dairy Farm news

Dairy Farm announced in early October 2018 that it has agreed to acquire the remaining 51% interest in Rose Pharmacy from BRG Realty Corporation. Full control of the pharmacy chain Dairy Farm bought a 49% interest in Rose Pharmacy to broaden its health and beauty offering. The announcement is conditional on the approval of the Philippines Competition Commission and completion is expected to...

Auchan announces 100% acquisition of Giant supermarket at Crescent Mall in February 2018 in its half-yearly annual report. Giant hypermarket in a high-end mall Auchan has acquired Giant which was previously owned by Dairy Farm International (DFI). The store is located in an affluent residential area in district 7. The store is 3,500 sq m and has been opened since 2011. It was the only Giant...

The Philippine Competition Commission (PCC) has approved the merger between Robinsons Retail Holdings Inc. and Dairy Farm's Rustan Supercenters Inc. Merger approved, deal to be completed soon... The acquisition by Robinsons Retail Holdings Inc. of a 100% stake in Rustan Supercenters Inc. has been approved by the PCC, and the deal is now expected to complete in the next couple of months. The...

Yonghui has achieved total revenue of CNY34.3bn (US$5bn), an increase of 21.5% in the first half of 2018. Store expansion driving growth Yonghui continues to report robust results despite increasing challenges raised by online rivals. Network expansion and format development are major drivers of growth for the retailer, as it continues to expand its network across China. Yonghui is mainl...

Dairy Farm has reported a strong set of results for the six months ended 30 June, with consolidated sales up 6%. Overall performance encouraging Total sales, including associates and joint ventures, were up 17% to US$12.2bn. This was mainly driven by increased sales from Yonghui supermarket in China. Dairy Farm sales increased 8% to US$5.9bn or up 6% at constant rates of exchange, and under...

Robinsons has announced that it will acquire Rustan's, with the increased scale of the combined business aimed at enabling it to build a leading food retail business in the Philippines. Leveraging on each other’s strengths The merger of Dairy Farm International Holdings Limited (Dairy Farm) and Robinsons Retail Holdings, Inc. (RRHI) will create a new platform for growth in the Philippines. ...

Dairy Farm has reported a disappointing set of annual results, mainly attributed to the performance of its supermarkets and hypermarkets in South-east Asia. Annual sales up a modest 1% YoY Sales was up 1% YoY to US$11.3bn while consolidated sales including joint ventures and associates increased 7% to US$21.8bn, reflecting strong sales growth of 17% to US$ 8.6bn at Yonghui. However, net pro...

The latest store from Cold Storage in Singapore features a huge ready to eat section, a wine-tasting bar and rooms available for booking in store. An innovative concept: work-friendly supermarket The supermarket is in Fusionopolis, a business park that integrates living and retail activities. It is a major hub for media, science, research and technological development. With two meeting room...

Dairy Farm has increased its ownership of Cebu-based drugstore chain Rose Pharmacy from 49% to 51%. Through Mulgrave Corporation... Amsterdam-based Mulgrave Corporation, a wholly-owned subsidiary of Dairy Farm, is now the majority owner of Rose Pharmacy, after receiving approval from the Philippine Board of Investments (BOI). Financial details of the deal have not been disclosed. Rose Pharm...

7-Eleven in Hong Kong has launched a new coffee, tailored to on-the-go consumers desiring fresh coffee at reasonable prices. We review this latest initiative and potential impact on the market. No-frills coffee on the go Dairy Farm is introducing a new 100% Arabica coffee blend in its 7-Eleven Daily Cafe kiosks in Hong Kong. Stores will also have coffee machines from Switzerland, with coffe...