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DFI Retail Group

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DFI Retail Group Holdings Limited (formerly known as Dairy Farm International Holdings Limited) is a Hong Kong–based retail company with legal bases in Bermuda and Singapore. A subsidiary of the Jardine Matheson Group, it is a major East and Southeast Asian retailer involved in the processing and wholesaling of food and health and beauty products. Jardine Strategic, a publicly listed holding company, has an attributable 78 percent stake in the firm. It is listed on the London Stock Exchange, with secondary listings on the Singapore Exchange (SGX) and Bermuda Stock Exchange (BSX).

The head office is located at Devon House in Taikoo Place, Quarry Bay, Hong Kong.[2]

As of 31 December 2020, the Group, its associates and joint ventures operated over 9,997 outlets; Wellcome/Food World (supermarkets), a controlling stake in Maxim's Catering (foodservice), Cold Storage (supermarkets), Jasons Market Place/Market Place by Jasons/Jasons Food Hall (high end supermarkets), Hero (supermarkets), Mannings/Guardian (health and beauty) stores; it also operates 7-Eleven (convenience stores) throughout the region, and IKEA (home furnishings) stores in Hong Kong, Macau, Indonesia and Taiwan.

The group and its associates and joint ventures employed more than 220,000 people and had total annual sales in excess of US$28.2 billion.[3]

History

Dairy Farm's old office in Pok Fu Lam.
The old cowsheds in Pok Fu Lam, part of the Hong Kong Academy for Performing ArtsBéthanie campus.
Exterior view of the Old Dairy Farm Depot, housing the Hong Kong Fringe Club

19th century: Early history

Dairy Farm Company Ltd fue fundada en 1886 por Sir Patrick Manson , [ 4 ] un cirujano escocés, junto con Sir Paul Chater , el Sr. Phineas Ryrie , el Sr. Granville Sharp, el Sr. WH Ray y el Sr. JB Coughtry, otros cinco destacados empresarios de Hong Kong. [ 5 ] La empresa se creó con tres objetivos fundacionales: mejorar la salud de los habitantes de Hong Kong proporcionándoles leche de vaca no contaminada, criar localmente un rebaño de ganado lechero importado para reducir el precio de la leche a la mitad y obtener beneficios para sus accionistas. [ 5 ] Manson compró 80 vacas frisonas de Escocia y una parcela de tierra para su granja en Pok Fu Lam . [ 6 ]

En 1890, Dairy Farm construyó un edificio bajo de ladrillo y estuco en Lower Albert Road , en Central , para usarlo como almacén frigorífico. Este almacén fue renovado y ampliado en 1913 para incluir una tienda de productos lácteos , una sala para ahumar carne , una cámara frigorífica para ropa de invierno y la residencia de su gerente. Posteriormente, el edificio se convirtió en la sede de la empresa hasta que esta se mudó en la década de 1970. El edificio abandonado fue adquirido por el Hong Kong Fringe Club , una organización artística sin ánimo de lucro, en 1984, y ha sido cuidadosamente restaurado. Este singular edificio del siglo XIX, conocido como el Antiguo Depósito de Dairy Farm , es un punto de referencia emblemático en Central que ofrece una amplia variedad de actividades y espectáculos culturales.

siglo XX

En 1904, Dairy Farm comenzó a importar carne congelada y abrió su primera tienda en el depósito del Distrito Central. La segunda tienda de Dairy Farm se estableció en Nathan Road , Kowloon, hacia el final de la guerra , en 1918. Entre otras cosas, esta tienda abastecía a los barcos pesqueros de Hong Kong con grandes cantidades de hielo.

En 1960, Dairy Farm y Lane Crawford fusionaron sus operaciones de venta minorista de alimentos y renombraron estos supermercados como Dairy Lane bajo la empresa Dairy Lane Limited. Esta empresa conjunta se disolvió con la adquisición de la cadena Wellcome en 1964. [ 7 ]

En 1972, Dairy Farm fue adquirida por Hong Kong Land , una filial de Jardines. En 1986, Dairy Farm volvió a cotizar en la Bolsa de Hong Kong tras su escisión de Hong Kong Land. Al mismo tiempo, Dairy Farm adquirió una participación del 50% en Maxim's a Hong Kong Land. La cadena de tiendas de conveniencia 7-Eleven, presente en Hong Kong y Singapur, fue adquirida a Jardine Matheson en 1989.

siglo XXI

Since 1999, Dairy Farm has continued to expand its footprint by acquiring supermarket and other retail operations in Taiwan, Malaysia, Singapore and Indonesia. Notably, it also acquired IKEA Hong Kong, Taiwan in 2002 and began Ikea's Indonesian operation in 2014.

In May 2012, Dairy Farm bought a 50% stake in the Rustan Supercenters, Inc., the Rustan group's supermarket chain. 36% came from the Tantoco family and 14% from the Spinnaker group.[8][9] Its holdings increased to 64% in 2015[10] and 100% in 2017.[11] On March 23, 2018, the entire stake was sold to Robinsons Retail Holdings, Inc. through a stock swap, yielding Dairy Farm 18.25% of Robinsons Retail Holdings, Inc. stock.[12] In 2018, therefore, Rustan Supercenters are fully acquired by Robinsons Retail Holdings the 20.00% of which is owned by Mulgrave Corporation and GCH Investments, wholly owned subsidiaries of Dairy Farm.[13]

As of June 2011, Dairy Farm is 78% owned by Jardine Matheson Holdings.[14]

In August 2021, Dairy Farm rebranded its trading name to DFI Retail Group.[15] On 5 May 2022, the company subsequently changed its legal name to DFI Retail Group Holdings Limited, effectively phased out the Dairy Farm branding.[16][17]

Discontinued operations

  • In 1998, Dairy Farm sold out its 49% interest in Nestlé Dairy Farm, set up in 1992 to develop dairy products factories throughout China, to Nestlé; on the merger of Kwik Save with Somerfield, Dairy Farm sold its 11% holding for US$290 million. Dairy Farm acquired 25% of the "No Frills" Kwik Save Group in 1987; Sold the 108-store Simago chain in Spain acquired in 1990.
  • In March 2000, Dairy Farm sold its half share in DFI Géant, the Taiwan hypermarket opened in 1998 back to Casino, its joint venture partner.
  • In 2001, the company sold the 287-store Franklins chain in Australia which it acquired in 1978. Its Hong Kong–based distribution business, Sims Trading, was sold to CITIC Pacific.
  • In June 2002, the 61-store Woolworths chain in New Zealand acquired in 1990, was sold for US$337 million.
  • In 2004, the Group's Hong Kong ice manufacturing business which began in 1918 was sold for US$107 million.
  • In 2023, the Group's Malaysian food retailing business was sold to Macrovalue Sdn Bhd[18]
  • On 19 April 2024, DFI's subsidiary PT Hero Supermarket Tbk announced it would divest its supermarket businesses along with the rights to the Hero brand to PT Hero Retail Nusantara for 135 billion rupiahs.[19][20][21]
  • In 2025, DFI Retail Group in Singapore announced the sale of its food retail operations (Cold Storage, CS Fresh, Jasons Deli, and Giant) to Malaysian-based Macrovalue for S$125 million. It will however, place its current focus on following the sale, to operate its other retail businesses in Singapore, primarily focusing on 7-Eleven (convenience stores) and Guardian (health and beauty stores).[22]

Controversy

Wellcome, a major food retailer owned by Dairy Farm Group, have been cited by the Taiwanese government for 33 labor violations in Taiwan.[23] These include instances of maintaining unsafe work spaces that potentially endangered employees, having staff members work unpaid overtime beyond legal limitations, and refusing pay and rest time to employees.[23]

See also

References

  1. ↑"Leadership Team | DFI Retail Group." dfiretailgroup.com, Retrieved on 2023-09-06.
  2. ↑"Our OfficesArchived 2021-12-10 at the Wayback Machine." Dairy Farm. Retrieved on October 2, 2016. "MANAGEMENT OFFICE 11/F Devon House, Taikoo Place, 979 King's Road, Quarry Bay, Hong Kong" - Address in Traditional ChineseArchived 2017-06-29 at the Wayback Machine: "香港鰂魚涌英皇道979號 太古坊德宏大廈11樓" Address in Simplified ChineseArchived 2017-06-29 at the Wayback Machine: "香港鲗鱼涌英皇道979号 太古坊德宏大厦11楼"
  3. ↑"Dairy Farm 2020 Annual Report". Archived from the original on 2021-05-09.
  4. ↑"Hong Kong Hongs with Long Histories and British Connections." Hkjo.lib.hku.hk, Retrieved on 2013-01-03.
  5. 12Farmer, Hugh (February 26, 2019). "Dairy Farm Company". The Industrial History of Hong Kong.
  6. ↑Cheung, Catharina (March 9, 2021). "Hidden Hong Kong: A history of local Hong Kong dairy farms". Localiiz.
  7. ↑ "Granja lechera 1886–2006" . Dianestormont.com . Archivado del original el 20 de febrero de 2012. Consultado el 23 de junio de 2019 .
  8. ↑ "Jardine compra el 50% de los supermercados Rustan's" . Philstar.com . Consultado el 23 de junio de 2019 .
  9. ↑ Coco Alcuaz. "Tantocos consigue socio en Hong Kong para los supermercados Rustan's" . ABS-CBN News . Consultado el 23 de junio de 2019 .
  10. ↑ Mercurio, Richmond (22 de junio de 2015). "Rustan's busca una expansión moderada" . The Philippine Star . Consultado el 24 de marzo de 2018 .
  11. ↑ Inside Retail Asia (15 de noviembre de 2017). "Trimestre sin crecimiento para las ventas de Dairy Farm" . Consultado el 24 de marzo de 2018 .
  12. ↑ Dumlao-Abadilla, Doris (23 de marzo de 2018). "Gokongwei compra la cadena de supermercados Rustan" . Philippine Daily Inquirer . Consultado el 24 de marzo de 2018 .
  13. ↑ "RRHI SEC 17-A 2019" (PDF) . robinsonsretailholdings.com.ph . Robinsons Retail Holdings, Inc. 14 de enero de 2020. Archivado del original (PDF) el 2 de abril de 2020. Consultado el 24 de noviembre de 2020 .
  14. ↑ "Resultados anuales de Jardine Matheson Holdings 2010" (PDF) . 202.66.146.82 . Archivado del original (PDF) el 25 de marzo de 2012. Consultado el 23 de junio de 2019 .
  15. ↑ Yuen, Simon (5 de agosto de 2021). "Dairy Farm Group cambia de marca con un nuevo nombre y logotipo" . Recuperado el 10 de enero de 2022 .
  16. ↑ "Cambio de nombre – Anuncio de la empresa - FT.com" . markets.ft.com . Consultado el 4 de octubre de 2024 .
  17. ↑ "Cambio de nombre de Dairy Farm Group Holdings Limited" (PDF) . 6 de mayo de 2022. Consultado el 17 de mayo de 2022 .
  18. ↑ "El gigante Dairy Farm vende su negocio de supermercados a una empresa malasia" . The Edge Malaysia . 23 de febrero de 2023. Consultado el 22 de marzo de 2024 .
  19. ^ "HÉROE Alihkan Bisnis Makanan, Fokus ke IKEA dan Guardian" . CNBC Indonesia (en indonesio) . Consultado el 23 de mayo de 2024 .
  20. ^ "Héroe (HÉROE) Lego Bisnis Ritel Supermercado Rp183M, Ini Alasannya" . www.emitennews.com (en indonesio) . Consultado el 23 de mayo de 2024 .
  21. ↑ Supermercado Hero Akan Ganti Nama, Fokus Investasi ke Guardian dan IKEA
  22. ↑ "DFI Retail Group vende su negocio de alimentación en Singapur, que incluye Cold Storage y Giant, por 125 millones de dólares singapurenses a Macrovalue" .
  23. ^ "違反勞動法令事業單位（雇主）查詢系統" .
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