Dairy Farm buys Macau’s San Miu chain

first_img Express KCS Share ASIAN retail giant Dairy Farm International Holdings yesterday furthered its expansion into China with the purchase San Miu Supermarkets.San Miu, a grocery store chain, operates in Macau, a Chinese special administrative region which has the same status as Hong Kong.Dairy Farm Company, a wholly owned subsidiary, made the acquisition, adding San Miu’s 15 mass-market stores to Dairy Farm’s hefty total of more than 6,000 outlets. These outlets supply commodities as varied as foodstuffs, cosmetics and home furnishings across Asia.“The acquisition of San Miu reinforces Dairy Farm’s retail presence in Macau, and complements its well-established convenience store and health and beauty businesses in the territory,” the company said.Dairy Farm’s purchase comes on the heels of a mixed annual report earlier this month. While sales in 2014 climbed five per cent to over $13bn (£8.7bn), profits before tax fell to $601m, a two per cent drop since 2013. Dairy Farm buys Macau’s San Miu chain Tags: NULL Wednesday 25 March 2015 9:20 pm whatsappcenter_img Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbeszenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesComedyAbandoned Submarines Floating Around the WorldComedyDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.comlast_img

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