Rustan’s Archives - Inside Retail Asia
Hong Kong-headquartered Dairy Farm sales surged by 13 per cent in the first half of the year to US$13.8 billion.
Dairy Farm Group profit fell to just US$92 million last year as the company took charges relating to the restructure of its ailing food business.
“Underperforming” subsidiaries and rising rent and labour costs are disturbing the chairman of Hong Kong-listed multinational retailer Dairy Farm International.
Robinsons Retail Holdings is spending PHP18 billion (US$343 million) to acquire Dairy Farm’s Rustans Supercenters.
Poor trading by Dairy Farm International’s Southeast Asian grocery business hit the company’s bottom line last year.
Dairy Farm sales were described as “flat” in the third quarter to September 30.
FamilyMart Philippines, partly owned by the Ayala and Tantoco groups, is up for auction.
Despite lower supermarket and hypermarket sales, Dairy Farm International Holdings has posted solid first-half profit growth.
Mall owners should invest in online shops to “future-proof” their business, says Colliers Philippines.
Hong Kong-headquartered multi-format retailer Dairy Farm International has celebrated its 130th anniversary with a strong set of results.
Retail analyst examines why the Philippines scores positive in the Asian retailing industry..
Weak performances in Singapore and Indonesia eroded underlying profits in multinational retailer Dairy Farm Group’s food division last year.