Beingmate

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Fonterra to sell stake in China's Beingmate

7 Aug 2019

New Zealand dairy giant Fonterra has made a decision regarding its stake in China-based baby and infant-food business Beingmate in which it has an 18.8% holding.

Bubs Australia inks another deal in China with retail agreement under Beingmate joint venture

27 Jun 2019

Infant-formula maker Bubs Australia has entered another deal in China through its newly-established joint venture.

Fonterra back in black as disposals announced

20 Mar 2019

New Zealand dairy heavyweight Fonterra has seen a marked improvement in performance in the six months to 31 January and announced two non-core asset disposals.

Fonterra 'could sell South American assets'

19 Mar 2019

New Zealand dairy giant Fonterra has been tipped to sell more assets in a media report emanating from its home market.

Australian baby-food firm Bubs signs Chinese distribution deal with peer Beingmate

6 Mar 2019

Bubs Australia, the infant formula and baby food business, has revealed it has entered a strategic partnership with a Chinese peer.

Fonterra takes full ownership of Darnum site from Beingmate joint venture

12 Feb 2019

New Zealand dairy giant Fonterra has confirmed it has taken back full control of its Darnum site in Australia that fell under a joint venture agreement.

Fonterra looking to offload ice cream business Tip Top

6 Dec 2018

New Zealand dairy giant Fonterra has revealed that it is seeking a buyer for one of its domestic assets.

Fonterra and Beingmate to "unwind" Darnum JV

5 Dec 2018

New Zealand dairy giant Fonterra and Chinese infant formula business Beingmate have revealed plans for their Darnum joint venture in Australia.

Beingmate 'seeks state capital', bringing Fonterra's stake into question

30 Nov 2018

Beingmate Baby & Child Food Co., the struggling China-based business, is reportedly seeking state assistance.

Fonterra could ditch Beingmate stake after recording first-ever loss

13 Sep 2018

New Zealand's Fonterra, the world's largest dairy exporter, is to carry out a major review of its business after recording its first ever loss.

Fonterra tells shareholders it is facing "profound challenges" 

20 Aug 2018

New Zealand dairy giant Fonterra has enormous opportunities but also faces profound challenges, a shareholders' meeting has been told.

Fonterra-backed Beingmate appoints general manager to revive loss-making business

2 Jul 2018

China-based infant-formula manufacturer Beingmate Baby & Child Food Co., in which New Zealand dairy giant Fonterra is a shareholder, has appointed Bao Xiufei as the new general manager to try and turn around the loss-making business.

Fonterra rallies to defend Chinese JV partner after manufacturing breach 

21 Jun 2018

New Zealand dairy giant Fonterra has defended its Chinese joint venture Beingmate after the infant formula business became embroiled in a manufacturing rules breach.

China's Beingmate issues de-listing warning after second straight annual loss

26 Apr 2018

New Zealand dairy Fonterra's previously-voiced disappointment with China's Beingmate Baby & Child Food Co. may be further stretched after the infant-formula business issued a de-listing warning following a second straight year of losses.

Earnings summary - George Weston food division results hit by FX, restructuring; Pinnacle Foods profits underpinned by tax reform; Land O'Lakes "record'' profits; Hostess Brands hails "strong finish" to 2017

2 Mar 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Beingmate 'blames Fonterra for its losses'

1 Feb 2018

The cracks in the relationship between Fonterra and Beingmate, in which the New Zealand dairy business is an investor, appear to be widening with the Chinese baby formula firm reportedly blaming the Kiwi co-op for its losses.

Fonterra expresses concern over losses at Beingmate venture in China

22 Jan 2018

Fonterra has expressed disappointment at an earnings downgrade by Beingmate Baby & Child Food Co., with the Chinese infant-formula business in which the New Zealand group is an investor potentially expected to book a loss of as much as twice the amount previously announced.

Beingmate CFO Shen Lijun resigns

2 Jun 2017

The CFO and deputy general manager of Chinese infant formula firm Beingmate Baby and Child Food, Shen Lijun, has resigned, the company has announced.

Beingmate takes step toward completion of Fonterra JV

3 May 2017

Chinese infant formula company Beingmate Baby and Child Food has set up an Australian unit, Guangdasheng (Australia), through which to carry out its acquisition of a stake in a local plant owned by Fonterra.

Beingmate earnings fall by 870% on counterfeiting scandal

28 Feb 2017

Infant formula maker Beingmate Baby & Child Food reported a loss of CNY798m (US$116.19m) for 2016, a year that saw the company's profit hit by a counterfeiting racket and ongoing upheaval in the Chinese formula sector. 

Beingmate Baby & Child Food forecasts 2016 loss

24 Jan 2017

Beingmate Baby & Child Food, the China-based infant formula business, has said it expects to post a net loss of CNY750-800m for 2016.

Beingmate sets up Chinese dairy venture

5 Sep 2016

Chinese infant formula maker Beingmate Baby & Child Food is to establish a new dairy joint venture with two Chinese private investors.

Beingmate lowers outlook on formula fraud scandal 

27 Jul 2016

Chinese infant formula maker Beingmate Baby & Child Food Co. has lowered its outlook for profits for the first half of this year, warning of the impact fraudulent infant formula sales has had on its brands.

Beingmate establishes research subsidiary 

20 May 2016

Chinese infant formula maker Beingmate plans to invest CNY50m (US$7.6m) in a new R&D subsidiary, Beingmate (Hangzhou) Food Research Institute Co. 

Is enough being done to tackle infant formula fraud in China? 

18 May 2016

A fresh scandal has brought the sale of fraudulent infant formula in China to the fore once again in recent weeks. Mark Godfrey examines what action is being taken to tackle the sale of fake products in the country's booming e-commerce market. 

Chinese "fake" infant formula scandal widens 

7 Apr 2016

China's latest infant formula counterfeiting scandal has drawn in brands owned by the country's largest milk powder manufacturer, Beingmate Baby & Child Food Co. 

Beingmate posts 9M loss, sales fall

31 Oct 2015

Beingmate Baby & Child Food Co., the Chinese infant formula producer, has booked a nine-month loss of CNY215.9m (US$34.2m), with sales down by more than 23%.

Beingmate strikes JV with Maeil Dairies

28 Oct 2015

Chinese infant formula maker Beingmate has announced it is entering into a joint venture with South Korea's Maeil Dairies.

Beingmate H1 profits down on competition in formula

24 Aug 2015

Beingmate, the Chinese infant formula maker, has posted a loss for the first half of the year, blaming competition in the sector.



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