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Wilmar Buys CSR’s Sugar Division for $1.5 Billion, Topping Bright Food Bid

Wilmar International Ltd., the world’s largest palm oil trader, agreed to buy CSR Ltd.’s sugar unit for A$1.75 billion ($1.5 billion), beating China’s Bright Food Group Co.’s bid for Australia’s…

July 5, 2010 / No Comment / Read More

Days of Starbucks as giant counted, defiant competitor emerges

China’s largest brewer, China Resources Enterprise Ltd., announced recently its HK$327 million ($42 million) purchasing of 80 percent shares of Hong Kong’s second-largest coffee chain, Pacific Coffee, which is targeted…

July 2, 2010 / No Comment / Read More

Yum! Brands provides a feast for the east

Yum! Brands – the US-based parent company of restaurant brands that include Pizza Hut, Kentucky Fried Chicken (KFC), Taco Bell and Long John Silver’s – is opening another seven KFC…

June 30, 2010 / No Comment / Read More

China Resources to buy HK coffee chain

China Resources Enterprise Ltd, the country’s largest brewer, will buy control of Hong Kong’s second-largest coffee chain, aiming to expand and surpass Starbucks Corp on the mainland. Chevalier Pacific Holdings…

June 30, 2010 / No Comment / Read More

KFC agrees to raise workers’ pay after negotiations with Chinese trade union

Representatives of a branch of the U.S. fast food chain KFC in northeast China’s Shenyang City signed Thursday the company’s first collective labor contract in China’s mainland, in which it…

June 17, 2010 / No Comment / Read More

Two Chinese dairy producers among world’s top 20

Two Chinese dairy producers, Mengniu and Yili, entered the world’s top 20 dairy ranking last year, according to an annual report released on Wednesday. Mengniu, with a turnover of $3.77…

June 17, 2010 / No Comment / Read More
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