China: latest retail news, insights and analysis | ESM Magazine

Dairy Giant Mengniu Sees Revenue Up 6.5% In 2023

Consortium Comprising Driscoll’s Acquires Australia's Costa Group

A consortium, led by Paine Schwartz Partners and comprising Driscoll’s and British Columbia Investment Management Corporation, has completed the acqu...

Fonterra's Profit More Than Doubles On Demand For Dairy Ingredients

New Zealand's Fonterra Co-Operative Group has reported a more than doubled annual profit on strong margins from its cheese and protein portfolio, and...

Norway Sees 16% Growth In Seafood Exports In First Seven Months

Norwegian seafood exports reported a 16% year-on-year growth to NOK 94.4 billion (€8.4 billion) in the first seven months of 2023.

Chinese Dairy Giant Yili Reports Double-Digit Revenue Rise

Chinese dairy firm Yili has reported a 11.37% increase in revenue, to RMB 123.171 billion (€16.1 billion) in its 2022 financial year, which it said wa...

Danish Crown Says Chinese Pork Demand Subdued, Set To Cut 550 Jobs

Chinese consumption of pork remains subdued and normalisation could take up to six months, said Danish Crown's CEO, who also told Reuters the company would...

Global Dairy Prices Fall As Chinese Demand Comes Off

Global dairy prices are coming off record highs as demand from China has fallen away, hit by a new wave of COVID-19 and lockdowns in several cities, includ...