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Dairy Farm has posted an update on its trading performance for the third quarter, with growth in line with last year.

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Dairy Farm has released its H1 results for the six months ended 30 June. Consolidated sales increased 13% to US$13,781m, but subsidiary sales fell 3% to US$5,761m. Overall performance encouraging Dairy Farm’s overall performance is recovering. It recorded positive sales in four out five divisions and underlying profit for the first six months was up 5%. Strong performances from associates a...
Yonghui has launched a new format, Market Life, in Shanghai’s Pudong District. Focusing on local cuisine and culture The new store, located in Sanlin yinxiang cheng (INCITY mall), operates approx. 4,000 sq m retail space. It focuses on fresh food to meet the lifestyles of urban shoppers. Market Life combines traditional market culture with modern farmer's market decor. The foodservice count...
Germany’s Metro has shortlisted eight companies for its China business, a deal valued at between US$1.5bn and US$2bn as previously reported . Top retailers among the bidders Reuters news agency, citing multiple sources who cannot be named due to the confidential nature of the sale process, reports the following are joining the bid: Alibaba, in partnership with Taiwanese retailer ...
Dairy Farm has released its results for the first quarter of 2019, with sales ahead of the same period last year. Food: large formats remain a challenge, convenience strong The Group’s multi-year transformation plan for its Supermarkets and Hypermarkets business is underway, but CEO Ian Mcleod previously estimated it will take the company five years to complete its turnaround plan.  Sales i...

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