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Business

The latest news in the world of business, mergers and acquisitions, partnerships, and companies financial results are a mine of information on successful business strategies in the Asia Pacific region.

News in brief

Shanghai M&M’s World ‘the next stage’ for Chinese brand building, says Mars

Mars has opened an M&M’s retail store in Shanghai, which it hopes will lift brand loyalty in China.

News in brief

Nestlé Philippines recalls infant formula over absent fatty acids

Nestlé has recalled a batch of NAN brand infant formula in the Philippines after internal tests discovered products did not contain fatty acids specified on the label.

First half of 2014 brings record sales of RSPO Certified Sustainable Palm Oil

Demand for the sustainable oil is rising faster than supply for the first time as total sales of Certified Sustainable Palm Oil (CSPO) reach more than 2.4 million metric tonnes (MT).

COKE'S MONSTER MARRIAGE: CRACKING CHINA

‘Monster Energy can crack China with Coke’s help’: CEO Rodney Sacks

Monster Energy CEO Rodney Sacks insists the brand will be well-placed to crack the Chinese market using the distribution might of new shareholder The Coca-Cola Company.

Deal cements supply relationship for more bioavailable curcumin, quercitin out of Japan

Thera Innovations, a Canadian importer of dietary supplement ingreidients, has anounced a new supply deal for more bioavailable forms of curcumin and quercitin. The ingredients, branded as Theracumin and EMIQ,...

India

Lavazza departs India coffee chain market with sale of Barista

Yet another international firm has bid farewell to the Indian food service market after Lavazza sold its Barista Coffee Co., India’s oldest coffee chain, to local company Carnation Hospitality.

India

Having parted from Auchan, Max now joins Spar to open 30 Indian stores

Max Hypermarkets will introduce 30 Spar hypermarkets in India after the retailer signed a partnership agreement with the Netherlands-based retailer. 

India

Britvic enters India with local take on existing kids’ line

British-based Britvic, one of Europe’s biggest soft drinks companies, has launched a first charge on the Indian market with its global kids' brand, Robinsons Fruit Shoot. 

News in brief

Wolf Blass bidding war? TPG makes rival $3.1bn approach to Treasury Wine Estates

Penfolds and Wolf Blass brand owner Treasury Wine Estates has received a second $3.1bn takeover approach from a global private equity firm reported to be TPG Capital Management.

Premier Foods targets China, US and Australia

Premier Foods’s formation of a new business unit and the launch of Ambrosia rice in China are spearheading the firm’s plans to step up global sales in three key markets....

DSM Q2 nutrition profits slip 11% as key markets struggle

Sales slipped 6% and net profits 11% in Q2 for DSM’s human and animal nutrition arm as adverse currency movements, a slow US vitamins and omega-3 food supplements market and...

Penfolds maker Treasury Wine Estates welcomes $3.15bn takeover bid

Penfolds producer Treasury Wine Estates has welcomed a $3.15bn takeover proposal from private equity firms Rhone Capital and KKR and will let them to conduct due diligence on its books.

Fallout in China from Nu Skin affair depresses Usana's Q2 results

Usana Health Sciences reported flat net sales  in the second quarter of its 2014 fiscal year.  Issues in China caused the company to miss analysts’ estimates for sales and earnings,...

IVAN MENEZES CONFIDENT DIAGEO CAN REBUILD AN 'ATTRACTIVE BUSINESS'

‘Shui Jing Fang appears to be broken, from the outside’: Analyst tells Diageo boss

Sales of Diageo’s super premium baijiu brand Shui Jing Fang fell 79% in 2014, but CEO Ivan Menezes insists the firm can rebuild an ‘attractive business’ by slashing prices and...

‘Great to have the brand back!’ ABI seizes back Corona control from Carlsberg in China

Anheuser-Busch InBev (ABI) today took back distribution control of Corona Extra from Carlsberg in China as CEO Carlos Brita insists the brand will extend its ‘super premium’ position in the...

Sime Darby could take over New Britain Palm Oil

A major stake in New Britain Palm Oil, which supplies UK manufacturers, is being targeted by Malaysian conglomerate Sime Darby, part of the consortium that acquired Battersea Power Station.

Malaysia

Chobani to hit Malaysian shelves as yoghurt demand grows in SE Asia

Chobani, America’s top-selling brand of strained yogurt that has been gaining a massive global following through its slick marketing, will soon be available in Malaysia.

'A MIXED YEAR AND A TOUGHER ONE THAN WE ANTICIPATED AT THE START': CFO DEIRDRE MAHLAN

Diageo’s top line takes a hammering: 2014 results show Chinese dragon bites

Diageo said today that foreign exchange movements ‘severely impacted’ its 2014 top line while Chinese anti-extravagance measures also hit hard – our slideshow dissects the Johnnie Walker distiller's performance.

Australia

Organic chief: We will discredit firms who claim false certification

The more popular organic products become, the greater the risk that fraudulent operators will ride on the coat-tails of genuine certification, the head of Australia’s organic farmers’ industry body warned...

News in brief

Former Bright Foods chief under investigation for corruption

A former leading executive at one of China’s biggest and most prominent food corporations is being investigated by Shanghai officials on allegations of bribery and embezzling public funds, according to...

Analysts fear Chinese frugality and US share loss: Looking ahead to Diageo’s 2014 results

With Diageo set to report its full-year 2014 results tomorrow, let’s look at what we might expect – with analysts predicting a share loss in US spirits and continued concerns...

Insight

How military-owned companies have been silencing dissent in Burma

In what many say is an attempt to silence dissent against an allegedly military-orchestrated land grab, a Burmese court has been prosecuting hundreds of farmers who have been calling for...

Pecans: America's forgotten nut?

Pecans are not top of mind for US manufacturers and ingredient players but the antioxidant-rich nuts can move way beyond the famous pie, says the head of Georgia’s Center for...

Fonterra slashes FGMP forecast citing 'continuing volatilty'

Fonterra has reduced its farmgate milk price (FGMP) forecast for the 2014/15 to NZ$6.00 (US$5.11, €3.80) per kg of milk solids (kgMs), citing "continuing volatility."

News in brief

Brownes Dairy fined AU$100k for Australian waterway milk pollution

Western Australia's Brownes Dairy has been fined AU$100,000 (US$94,000, €70,000) over a major spill of unprocessed milk into a waterway.

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