Fraser and Neave
Singapore-based food and beverage group Fraser and Neave is looking to further increase its stake in Vinamilk, Vietnam's largest dairy business.
Fraser and Neave said it wants to increase its exposure to the Vietnamese market through its move to raise its stake in local dairy group Vinamilk.
Singapore-based Fraser and Neave has said it wants acquire an additional 5.4% stake in dairy group Vinamilk from the shares the Vietnamese government is putting up for sale.
Fraser and Neave, the Singapore-based food and drink group, has reported a jump in annual earnings from its dairy business, although the unit saw sales slide year-on-year amid pressure from exchange rates and competition in its domestic market.
Fraser and Neave, the Singapore-based food and beverage group, has appointed Bennett Neo to the newly-created post of chief executive of its food business.
Fraser and Neave, the Singapore-based food and beverage group, is open to upping its stake in Vinamilk, Vietnam's largest dairy company.
Fraser and Neave, the Singapore-based food and beverage group, saw exchanges rates and "tactical" discounts eat into sales from its dairies business in the first half of the company's financial year but lower input costs helped profits grow.
Fraser and Neave has reported increased first-quarter earnings from its dairies division which, lifted overall profits for the group.
Fraser and Neave, the Singapore-based food and drinks group, has reported a jump in earnings from its dairy business, helped by lower input costs.
This week's rundown of the latest financial results include a profit warning from TreeHouse Foods, an increase to profit forecasts at Post Holdings and a clutch of Japanese companies reporting their first-quarter results.
TreeHouse Foods first quarter sales surged – but the US food group cut its forecast for annual earnings. Inventure Foods revealed the devastating impact of the listeria recall. Meanwhile, Petra Foods commented on the slowdown in the Indonesian economy and weaker consumer sentiment. Here is just-food's weekly results round-up.
Sinagpore-based dairy-to-drinks group Fraser and Neave has reported higher revenue and profits from its dairy business in the first quarter of its financial year.
Singapore-based Fraser and Neave has secured a licensing deal with Nestle to manufacture and distribute the Carnation, Bear Brand, Bear Brand Gold, Ideal Milk and Milkmaid products in ASEAN countries.
Fraser and Neave, the Singapore-based drinks-to-dairy group, has booked a "strong" increase in full-year operating profit despite a lower contribution from its dairy unit.
Singapore conglomerate Fraser and Neave has reported a 9% rise in quarterly profits from its dairy business.
Fraser and Neave has booked an increase in earnings for the full year, boosted by strong performances from its dairies and soft drinks divisions.
Fraser and Neave saw its profits soar in the first nine months of its financial year thanks to the sale of its stake in Tiger beer brewer Asia Pacific Breweries and a trebling in dairy earnings.
Kirin Holdings has reported a significant return to net profit in its first quarter helped by the sale of its stake in Fraser and Neave earlier this year.
The fall-out from the discovery of horse DNA in burgers sold in the UK continued, with the supplier at the centre of the scandal losing and contracts and regulators appearing before MPs. Elsewhere, the European Commission published plans to examine if retailers in the EU trade unfairly with suppliers. Meanwhile, in Germany, Nestle was fined for fixing the price of chocolate.
Japanese food and drink firm Kirin Holdings has said it will sell its 15% stake in Fraser and Neave to investment vehicle TCC Assets for around S$2bn (US$1.6bn).
Thai investment vehicle TCC Assets has gained a controlling stake in Singapore food and drink group Fraser and Neave after acquiring more shares in the group.
Fraser and Neave's board of directors has branded Overseas Union Enterprise's (OUE) S$13.1bn (US$10.7bn) offer for the group as "not compelling, but fair".
TCC Assets, the fund battling to buy Fraser and Neave, has spoken out after a report claimed it is looking to acquire an extra 10% of the Singapore food and drink group.
The investment vehicle owned by Thai billionaire Charoen Sirivadhanabhakdi has extended its offer deadline for Singapore food and beverage group Fraser and Neave for a third time.
ThaiBev-controlled TCC Assets has extended its offer deadline for Fraser and Neave for a second time, but not raised its bid despite a rival's higher tender.
The apparent end of US baker Hostess Brands grabbed the headlines last week after a nationwide strike prompted management to move to wind up the business. On a positive note, UK food manufacturers visited China to try to tap into the country's second-largest economy. Click on the headlines for more on our coverage of the major stories this week.
Singapore conglomerate Fraser and Neave has booked a drop in annual profits from its dairy business after production was hit by the floods in Thailand late last year.
Kirin Holdings has agreed to acquire Fraser and Neave's food and beverage business if a wider bid by Overseas Union Enterprise (OUE) for the conglomerate succeeds.
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