Lion Pty Ltd
Australia-based food and beverage group Lion has reported a fall in annual sales from its combined dairy and drinks arm - but said growth from higher-margin products helped the unit's underlying profitability rise.
Australia-based food and beverage company Lion Pty Ltd confirmed today it is counter-suing New Zealand-based dairy and infant formula group A2 Milk Co. in a spat over its own use of the statement "naturally contains A2 protein" on some milk products.
Lion, the Australian food and beverage group, is to place its stand-alone Asian dairy business into its dairy and drinks division in a bid to put the region at the centre of the company's decision-making.
Lion, the Australian food and beverage group, has reported an 11% drop in underlying half-year volumes amid pressure on modified white milk sales and the loss of some own-label contracts.
New Zealand-based dairy and infant formula group A2 Milk Co is suing Australia-based food and beverage company Lion Pty for using the statement "naturally contains A2 protein" on some of its milk products.
Saputo, the Canada-based dairy group, has posted lower annual profits, although it said revenues and underlying earnings rose year-on-year.
Lion, the Kirin Holdings-owned Australian dairy-to-brewery group, reported an increase in full-year operating earnings despite lower sales in the period.
Lion Pty Ltd, the Australian dairy group, is to upgrade production at its Bentley dairy in Perth – but confirmed that the move will see job cuts at the site's warehouse operations.
Australian dairy group Lion and Chinese giants Bright Food and Fosun are reported to be among eight parties that have expressed interest in buying Brownes Dairy, the Australian dairy business.
Lion Pty Ltd has invested A$150m (US$235m) to expand its speciality cheese capabilities and upgrade a speciality cheese "manufacturing hub" in Tasmania.
This week, the spotlight on the relationships between suppliers and retailers turned to Australia, where a new code of conduct is to be set up. Meanwhile, Spain's anti-trust watchdog fined 11 dairy companies over alleged price collusion. A series of M&A deals this week included Dr Oetker's move for European frozen cake maker Coppenrath & Wiese. And our latest management briefing analysed the opportunities for packaged food manufacturers in the US foodservice market.
Warrnambool Cheese and Butter Factory - the Australian arm of Canadian dairy group Saputo - has struck a deal to acquire the everyday cheese business of Lion Pty Ltd for approximately A$137.5m (US$107.1m).
Lion saw volumes from its dairy and juice arm drop more than 7% in the year to the end of September but the Australian dairy group said it was making progress in attempting to turn the business around.
Australian group Lion continues to see sales from its dairy and soft drinks division come under pressure, with volumes down over 3% in the first half of its financial year.
Lion Pty Ltd, the Australian arm of Japan's Kirin Holdings, has seen first-half profits drop at its dairy business, which was hit by lower sales and higher raw materials costs.
Australian dairy group Lion Pty Ltd has changed distributor in Hong Kong, signing local food and drink Vitasoy International Holdings to handle brands including Yoplait and Pura milk.
Japanese group Kirin Holdings has doubled the capacity of a dairy products plant in Australia.
Delhaize booked a decline in third-quarter earnings, which were hit by spending on pricing in Belgium and the US.
Bright Food, the Chinese food group that owns a controlling stake in UK cereal maker Weetabix, has insisted its primary focus is on expanding the brand in the country amid reports it could list the business.
Lion Nathan National Foods, the Australian dairy and drinks giant, today (16 May) announced its intention to rebrand its three divisions to a single corporate brand.
Lion Nathan National Foods has reported a fall in revenue at its Australian dairy unit, as lower consumer spending and the milk price war among Australian supermarkets hit sales.
Belgian grocer Delhaize Group saw first quarter profit decline as it said it invested in strategic repositioning initiatives.
Swiss bakery group Aryzta has won a legal challenge to the 2008 merger agreement that united Hiestand Holding and IAWS into a single company.
Delhaize has said it plans to rebrand 15 of its Bloom stores in North Carolina and South Carolina under the Food Lion banner, as part of plans that will also see the closure of one outlet.
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