Business
Chinese firm’s $600 million deal to buy Pura milk, Dare iced coffee collapses – NEWS.com.au
Chinese firm’s $600 million deal to buy Pura milk, Dare iced coffee collapses
A lucrative deal to sell the company behind some of Australias most popular milk brands to a Chinese firm has been called off.The $600 million sale of Lion Dairy and Drinks to Mengniu Dairy was first announced last December.
While Lion produces some of the country’s top-selling dairy products – including Dairy Farmers, Pura, Dare, Farmers Union, Big M and Vitasoy as well as Yoplait yoghurt and Daily Juice – it is actually owned by Japanese beverage giant Kirin.
The dairy and drinks component o…
-
Noosa News23 hours agoBali traveller sparks urgent measles alert across Queensland
-
Noosa News23 hours agoQueensland man sentenced to four years imprisonment after string of terror offences
-
Business23 hours agoThe best ASX ETFs for compounding wealth until 2040
-
Noosa News22 hours agoMeasles alert issued south of Brisbane after traveller tests positive