Dairy Farm Archives - Inside Retail Singapore
Hong Kong-headquartered Dairy Farm sales surged by 13 per cent in the first half of the year to US$13.8 billion.
Dairy Farm Group has warned shareholders that its restructure will take five years to complete.
“Significant challenges” across the Southeast Asian supermarket business are continuing to test Hong Kong-listed multi-format retailer Dairy Farm International.
“Underperforming” subsidiaries and rising rent and labour costs are disturbing the chairman of Hong Kong-listed multinational retailer Dairy Farm International.
Dairy Farm Singapore has put some of its 7-Eleven portfolio up for sale.
Poor trading by Dairy Farm International’s Southeast Asian grocery business hit the company’s bottom line last year.
Following the end of its 11-year partnership with Shell, 7-Eleven Singapore plans to roll out 80 stores.
Despite lower supermarket and hypermarket sales, Dairy Farm International Holdings has posted solid first-half profit growth.
Dairy Farm CEO Graham Allan is to step down on August 31, to be replaced by ex Coles Supermarkets Australia chief.