Dairy Farm International Holdings, the pan-Asian retailer, revealed yesterday (12 November) that slowing food inflation had weighed on sales growth.
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The company, which runs almost 5,000 stores in markets including China, Malaysia and Indonesia, said most of its “major businesses continued to perform well” in the period from 1 July to 11 November.
However, the group, which is listed in the UK, Bermuda and Singapore, admitted that its 7-Eleven stores in Hong Kong and southern China had been affected by “challenging economic conditions”.
“Despite the weakness in some market sectors, the group has continued to achieve results above last year’s level,” the retailer added.
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