Fonterra executives say China's milk production is still growing; Manner recruits baristas in many places; Laiyifen plans to repurchase the company's shares for up to 60 million yuan

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New acquisition by Germany's largest dairy company

A few days ago, DMK, Germany's largest dairy group, announced plans to fully acquire Mlekoma Dairy in Warsaw, Poland. DMK already holds a 51% stake in Mlekoma Dairy and intends to acquire the remaining 49% from its co-owner, Saudia Dairy & Foodstuff Company. The acquisition aims to strengthen DMK's brand presence in Poland in the country. It is reported that Mlekoma Dairy specializes in the production of skimmed milk powder, whey and cream. According to Australian media reports, René Dedoncker, managing director of Fonterra Oceania, said at a local breakfast meeting a few days ago that the decline in milk prices this season is not surprising to the vast majority of suppliers, and one of the main factors is the growing (milk supply) in China's domestic market. He said that China's milk production has increased by 8 billion litres, and although market prices have fallen, the industry will continue to grow with investment, which has reduced China's import demand. (DairyNewsAustralia) Heineken temporarily closes a brewery in Vietnam due to declining sales in Vietnam, and Heineken has decided to "temporarily close" one of its breweries in Vietnam due to declining beer sales in the Vietnamese market. Located in Quang Nam province in central Vietnam, the plant is one of Heineken's six factories in Vietnam and the smallest in Vietnam. Yesterday, Heineken said that the move is to optimize production and business, and is seeking efficiency and economies of scale to streamline operations in the Vietnamese market. (just-drink) Advent Capital Holding Co., Ltd. and others plan to acquire the equity of Shandong pet food enterprises, AIC Parent, Inc. and Boyu Phase IV (Xiamen) Equity Investment Partnership (Limited Partnership) to acquire the equity of Shandong Shuaike Pet Products Co., Ltd. The case began to be publicized. According to the publicity table, Dongshuaike is mainly engaged in the production and processing of pet food. Prior to the transaction, Yuan Fang held a 34.37% stake in Shandong Shuaike and controlled Shandong Shuaike alone. After the transaction, Yuan Fang, AIC (note: the holding company of Advent Capital) and Boyu IV will hold 30.12%, 29.33% and 16.14% of the shares of Shandong Shuaike, respectively, and Shandong Shuaike will be jointly controlled by Yuan Fang, AIC and Boyu IV to control the holding company of Advent International. In 2023, Shandong Shuaike's share of the pet food OEM market in China will be 5-10%. (Official website of the State Administration for Market Regulation) Feihe released the product colostrum standard and a new series of productsFeihe released the Aiben colostrum standard (good quality, high activity, really effective) and a new series of colostrum products. It is reported that this series of products are the core products of Feihe Aiben, including bovine colostrum formula powder, lactoferrin colostrum powder, etc. In addition, Feihe also launched the "Two and a Half Cups" health initiative, encouraging everyone to drink two cups of Aiben colostrum every day and exercise for half an hour. Fonterra maintains a number of factories in New Zealand A few days ago, Fonterra announced that it will invest NZ$56 million in 26 production bases in New Zealand for shutdown maintenance. Fonterra said winter maintenance will cost about 300,000 man-hours involving mechanical, electrical, construction and equipment, with maintenance continuing until the end of July. Herbalife Appoints Fandom CEO to Board of Directors Herbalife announced the appointment of Perkins Miller, a seasoned e-commerce and media technology executive, to its Board of Directors as an independent director. Miller is the CEO of Fandom, one of the world's largest fan platforms where fans can immerse themselves in the virtual world of entertainment and gaming. According to the official WeChat news of Hollyland, the BLACKSWAN French restaurant under Hollyland Group was completely renovated and officially opened on June 25 after three years. Located in the Tianzhu Luohong Photography Art Museum in Shunyi District, Beijing, the restaurant was created by Luo Hao, Hollyland and Black Swan Executive President, in collaboration with Vianney Massot, Executive Chef and Founder of BLACKSWAN French Restaurant. Nestlé launches new sustainably sourced chocolate brandA few days ago, Nestlé said that the company will launch sustainably sourced chocolate, and the new brand will be available at airports around the world this summer. The chocolates are claimed to contain cocoa that is certified by the Rainforest Alliance and sustainably sourced through the Nestlé Cocoa Program. When passengers head to the airport gift shop, Nestlé's sustainability efforts are on full display. Recently, Shede Wine said it was holding a wine tasting to determine the flavor adjustment of Shede brand products, in order to attract non-Chinese drinkers. Participants will come from the United States, Australia, the United Kingdom, and other European countries, as well as places like Japan and Singapore. Shede Liquor's head of sales and marketing said the company will start selling an international version of Shede liquor for around $150 in parts of Europe, the United States and Japan starting in September. According to Mengniu's official WeChat, Mengniu Group and Daka International Food Co., Ltd. held a strategic cooperation meeting in Jiaozuo City, Henan Province. The two sides conducted in-depth exchanges on brand building, product research and development, market development, user development, chain strengthening, material supply and other aspects of cooperation, and reached a number of strategic cooperation intentions, including reaching a consensus on the supply of raw materials for pasteurized milk, milk powder, large bags of milk and other production raw materials. In the future, the two parties will also explore more cooperation opportunities in IP linkage, R&D resource cooperation, supply and warehousing resource sharing, etc. Carlsberg's $28.5 billion acquisition plan was "blessed" by PepsiCo Carlsberg announced that PepsiCo has agreed to abandon a clause in its bottling agreement with Britvic in the United Kingdom, a move that could pave the way for Carlsberg to increase its bid for Britvic. Britvic has previously rejected two offers from Carlsberg for its acquisition, with the latest offering being £3.1 billion (about 28.5 billion yuan). Britvic is a British soft drink manufacturer that is known for its Robinsons juice and R. Brands such as White's Lemonade are well known and have been the bottler of PepsiCo since 2020. Carlsberg is also a bottler for PepsiCo in markets such as Norway and Sweden. Carlsberg has until July 19 to make a formal offer for Britvic or it will need to walk away from the acquisition. (Bloomberg, Reuters) Feihe has added four new cheese invention patentsRecently, according to the announcement of the State Intellectual Property Office, China Feihe has obtained four cheese product invention patents such as "a cheese product and its preparation method and application", with patent numbers are: CN 114097892 B, CN 114586850 B, CN 114668047 B and CN 113455549 B. These four new patents show that Feihe has achieved a number of breakthroughs in nutrition and technology in dairy products, especially cheese-related products. Based on the above patented technology, Feihe Thrive has now launched a series of innovative milk-containing solid molded products called "chewed milk milk cheese". Billionaire-backed chicken producer will list its poultry business from South Africa's RCL Foods spin-off business to be listed separately on the Johannesburg Stock Exchange (JSE) at a valuation of approximately US$396 million. RCL Foods, controlled by South African billionaire Johann Rupert, has been mulling a split plan since 2021 to focus on groceries such as pet food, baked goods, and more. RCL Foods' Board of Directors believes that the spin-off of the poultry business will enable the two companies to pursue their respective growth objectives and investment philosophies in a focused manner. (Bloomberg, Yahoo Finance) Laiyifen plans to repurchase the company's shares for up to 60 million yuan, Laiyifen announced that it intends to repurchase the company's shares for 30 million yuan - 60 million yuan, and the repurchase price does not exceed 15.85 yuan per share (inclusive), and the repurchased shares will all be used as the stock source for the company's implementation of equity incentives or employee stock ownership plans. Mondelēz plans to increase its investment in Pakistan Recently, Mondelēz International announced that it plans to invest about $5 million in its Pakistan business to increase localized production in the country. Mondelēz said that its Pakistan operations, which previously relied on 73% of raw materials, have successfully sourced 22% of raw materials locally, and plans to increase this proportion to 50% by 2025. Recently, Carlos Canals, a North American executive at Pladis, the parent company of chocolate brand Godiva, plans to achieve his goal of $1 billion in sales in the United States by 2030 by streamlining his product portfolio. At present, Pladis's three brands, Goldivan, Turtles, and Flipz, will have sales of nearly $400 million in the United States in 2023. "It's an ambitious goal, but five years ago, Flipz and Turtles had less than $100 million in sales," PCarlos Canals said. (fooddive) Manner Coffee recruits baristas in many places, and a reporter from Beijing Business Daily saw a number of Manner Coffee's recruitment information through recruitment software, with the salary of full-time baristas being 6,000-10,000 yuan, and part-time baristas earning 20-30 yuan/hour. According to one of the job postings, full-time baristas work in shifts, averaging 8 hours a day. Not only that, but the platform also shows that there are multiple job postings for Baristas at Manner Coffee in Shanghai, Guangzhou, Shenzhen and other places. General Mills' sales fell more than expected last quarter as cash-strapped consumers cut back on higher-margin products in favor of lower-priced alternatives, and the company reported a larger-than-expected decline in sales last quarter. The company's share price fell about 4% before the close. During the period, the company's net sales fell to $4.71 billion from $5.03 billion a year ago, compared to analysts' average expectations of $4.85 billion. (Reuters) Former Innocent Drinks founder invests in Xoxo Soda Recently, British prebiotic soda startup Xoxo raised 2.5 million pounds (about 22.964 million yuan) in a round of financing, supported by JamJar Investments, a venture capital fund owned by former Innocent Drinks owners. Xoxo plans to use the financing to expand its operations in the UK, but did not disclose details of its channel strategy. Richard Reed, co-founder of JamJar, said: "We've looked at almost every soft drink brand since selling Innocent Drinks 13 years ago, and Xoxo is the first brand we have invested in because of its phenomenal growth rate and potential to disrupt this massive category. Suntory Holdings plans to set up a local subsidiary in IndiaSuntory Holdings announced that it plans to set up a local subsidiary Suntory India in India, with an investment of 28.3 million rupees (about 2.4648 million yuan), and Masashi Matsumura, general manager of Suntory's global business promotion department, will be appointed as the new president of the company. The company, which will start operations in July, will be responsible for information gathering and talent recruitment, in preparation for the Suntory Group's full-scale entry into the Indian market. McCormick's second-quarter profit beat expectationsMcCormick reported second-quarter results, with the company's second-quarter profit and sales beating market expectations, driven by strong demand for its spices and condiments in Europe, the Middle East and Africa. In the quarter ended May 31, sales in EMEA increased 5% due to a 4% increase in volumes, despite a 0.8% decline in total sales. (Reuters) - Horizon Supermarket submitted its listing application to the Hong Kong Stock Exchange A few days ago, Jiangsu Horizon Supermarket Chain Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange. According to the prospectus, from 2021 to 2023, the company's revenue will reach 1.432 billion yuan, 1.329 billion yuan and 1.402 billion yuan respectively, and the net profit will be 35.080 million yuan, 51.065 million yuan and 51.602 million yuan respectively. From the perspective of income classification, the two most important parts of Horizon Supermarket's revenue are retail business and wholesale business. Vision Supermarket is a supermarket and convenience store chain operator headquartered in Yangzhou, operating retail business and wholesale business under the "Vision Dragon" brand, which is a typical regional retail enterprise. (Interface)

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