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LionAUS: Dairy "long way" from acceptable returns, admits Lion

1 May 2013

Australian food and drink group Lion has admitted returns from dairy and soft drinks business remain "a long way from acceptable" after a challenging first quarter.

JAPAN: F&N sale sees Kirin return to profit in Q1

1 May 2013

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.

JAPAN/SINGAPORE: Kirin to sell Fraser & Neave stake

1 February 2013

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).

SINGAPORE: ThaiBev's TCC takes controlling stake in Fraser and Neave

31 January 2013

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.

SINGAPORE: Overseas Union Enterprise extends Fraser & Neave offer deadline

4 January 2013

The battle for Fraser & Neave (F&N) has taken another twist after Overseas Union Enterprise (OUE) extended the deadline for its SGD13.1bn (US$10.7bn) offer for the Singapore conglomerate.

SINGAPORE: OUE offer "not compelling but fair", says Fraser and Neave

19 December 2012

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".

SINGAPORE: Thai billionaire "tries to buy more F&N shares"

17 December 2012

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.

SINGAPORE: Thai billionaire extends Fraser and Neave bid deadline

11 December 2012

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.

SINGAPORE: ThaiBev's TCC extends Fraser and Neave deadline but sticks with price

23 November 2012

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.

Editor's choice: the highlights on just-food last week

19 November 2012

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: 2011 Thai floods hit Fraser and Neave's dairy profits

19 November 2012

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.

JAPAN: Kirin lines up takeover of F&N's food business

16 November 2012

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.

AUS: Kirin doubles capacity at Lion fresh dairy plant

15 November 2012

Japanese group Kirin Holdings has doubled the capacity of a dairy products plant in Australia.

SINGAPORE: ThaiBev faces counterbid for Fraser & Neave

23 October 2012

ThaiBev is facing a battle for Fraser & Neave after Singapore hotel and property firm Overseas Union Enterprise (OUE) revealed it is in talks with unnamed parties to table a counterbid for the conglomerate.

Comment: Kirin's conundrum over Fraser and Neave

28 September 2012

Now that Heineken has airlifted Fraser and Neave's share of Tiger beer out of the company's hands, all eyes turn to Kirin Holdings and ThaiBev's intentions for the Singapore food and drink group, writes Chris Mercer.

In the spotlight: China a factor in Itochu interest in Dole

14 September 2012

A chunk of Dole Food Co.'s business could end up in the hands of one of Japan's largest trading houses it was announced this week - and China appears to be central to the potential deal.

AUS: Nestle exec Irvine to take Lion CEO role

20 August 2012

Nestle executive Stuart Irvine is to become CEO of Australian dairy-to-beer group Lion next year.

SINGAPORE: Fraser and Neave's largest investor up stake

15 August 2012

ThaiBev has upped its stake in Singapore food and drink group Fraser and Neave to 26.2%, according to a regulatory filing.

SINGAPORE: Fraser and Neave profits fall as takeover intrigue grows

10 August 2012

Fraser and Neave has reported lower profits and sales for the first nine months of its fiscal year, as reports suggest ThaiBev may have upped its stake in the dairy and drinks group.

JAPAN/SINGAPORE: Kirin coy over F&N ambitions

3 August 2012

Kirin Holdings has insisted it is only interested in the food and soft drinks assets of Fraser and Neave, although the Japanese group has remained coy about its intentions amid a flurry of speculation about the Singapore business.

SINGAPORE: Fraser & Neave future uncertain amid deal talk

27 July 2012

The future of Fraser & Neave has become the subject of speculation in recent days, with the Singapore-based food and drink group the centre of takeover talk.

UPDATE: AUS: Lion confirms CEO Murray to leave

29 February 2012

Australian dairy firm Lion, which will see its chairman leave next month, has confirmed that its CEO Rob Murray also plans to quit next year.

AUS: Former British Airways CEO Eddington to become Lion chair

29 February 2012

Former British Airways CEO Sir Rod Eddington is to become the chairman of Australian dairy firm Lion next month.

AUS: Lion Co CEO to step down - report

28 February 2012

The CEO of Kirin Holdings-owned Lion Co is to step down, according to a report.

JAPAN: Kirin Holdings targets debt reduction in 2012

17 February 2012

After several years of pursuing overseas acquisitions, Japanese food and drink firm Kirin Holdings' immediate priority is to consolidate its assets and cut debt.

JAPAN/AUS: Kirin's Lion warns dairy margins remain under pressure

14 February 2012

Australian food and drinks group Lion has warned its dairy division continues to face "significant" margin pressures as it reported falling profits for 2011.

JAPAN: Kirin Holdings forecasts recovery in profits

13 February 2012

Kirin Holdings has said it expects its profits to rebound in 2012 after one-off charges, including those linked to its Australian dairy unit, hit earnings in 2011.

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