Dairy Farm news

14 November 2018
Dairy Farm has reported mixed results for Q3, pulled down by challenges in the food division. Strong growth in health and beauty The retailer reported strong sales and profit gains in Hong Kong and Macau. The retailer also saw improvement in its Southeast Asian businesses, especially in Malaysia and Indonesia. Food business profits decline Both sales and profits were down in several m...
29 October 2018
Dairy Farm Singapore, which operates 7-Eleven, Cold Storage supermarket, Giant hypermarket and Guardian health and beauty stores, has announced a partnership with NETS and WeChat to enable shoppers to use a new digital wallet. WeChat Pay will be available at 600 Dairy Farm stores from November 1. Pilot at key tourist destinations WeChat Pay has been on trial since July at 7-Eleven and Guard...
18 October 2018
Lazada shoppers can now choose to collect their online purchases from 7-Eleven outlets in Singapore. How does it work? Convenience store chain 7-Eleven, online retailer Lazada and logistics provider Ninja Van announced a collaboration to allow shoppers on Lazada to choose a 7-Eleven store as a pick up point for their parcels. It is available at 159 7-Eleven stores from today (18 October), a...
15 October 2018
Business rationalisation process sees closure of several stores. Giant hypermarket at VivoCity to close next year As part of a review of its retail portfolio, grocery retailer Dairy Farm has revealed that Giant hypermarket in VivoCity shopping mall will cease operations early next year. It is targeting to vacate its premises after Chinese New Year 2019. Previously, the retailer had already ...
04 October 2018
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...
22 September 2018
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...
20 August 2018
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...
01 August 2018
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...
27 July 2018
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...
26 March 2018
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. ...