Carlsberg Group Appoints New CEO Yesterday, Danish brewer Carlsberg announced the appointment of Jacob Aarup-Andersen as CEO, succeeding Cees 't Hart, who will retire no later than the end of the third quarter. His start date will be announced later. (Shi Dai)
Laoganma Officially Responds to Rumors of Leaving Social Media Recently, there were reports that Laoganma's official social media accounts, including Weibo and WeChat, had not been updated for a long time, suggesting the brand might be leaving social media. On March 16, Laoganma's official store issued a notice stating that the rumors of leaving social media are false, the store is operating normally, and customers can purchase with confidence. Additionally, Taobao's official WeChat account forwarded Laoganma's notice today. (National Business Daily, Shi Dai)
Fonterra Releases FY2023 Interim Results Fonterra released its FY2023 interim results yesterday, showing a half-year after-tax profit of NZ$546 million, an increase of NZ$182 million compared to the same period last year; the return on capital for the past 12 months was 8.6%, up from 6.1% in the same period last year. (The Paper)
Carlsberg Denies Sale of Russian Business to Turkish Brewer Yesterday, Carlsberg denied a report by Russian daily Vedomosti that it had agreed to sell its Russian business to Turkish brewer Anadolu Efes. Carlsberg Chairman Henrik Poulsen told shareholders on Monday that the company has narrowed down potential buyers to fewer than 10 and still expects to reach a deal by the end of the second quarter. (Reuters)
East Buy CEO Responds to Suspected Sale of Fake Products, Urges Not to Target Hosts Recently, East Buy responded on Weibo to the suspected sale of "farmed shrimp as wild shrimp" in its livestream, stating that as a company, it will actively resolve the issue. In a video, CEO Sun Dongxu said the shrimp in question were not East Buy's self-operated shrimp and the incident occurred in June last year. While welcoming supervision, he hopes the public will not point fingers at the hosts, saying "the company will take responsibility if there are problems." (Securities Times)
Genki Forest's First Plant in Yangtze River Delta to Start Production Next Year Recently, Genki Forest's Taicang factory is under intense construction. This factory is Genki Forest's sixth self-built plant in China and its first production base in the Yangtze River Delta city cluster. The project plans a total investment of 1.2 billion yuan and is scheduled to start production next year. The first phase can accommodate up to 8 production lines, with 3 lines to be put into use first. (Taicang Media)
World's Largest Dairy Company Lactalis Sells All Argentine Factories Recently, Lactalis, the world's largest dairy company, sold its last factory in Argentina to a local operator. The specific amount was not disclosed. Last year, Lactalis sold its cheese company La Mucca in Argentina. (foodbev)
Qingdao Beer Festival Makes Debut in Kenya On March 11, Kenya's first Qingdao Beer Festival was held in Nairobi, the capital of Kenya, attracting many local residents. Activities included friendly football matches, traditional performances, and beer tasting. (Company News)
Yili Yijiahao Cheese Brand Makes First Appearance Recently, Yili's Yijiahao Cheese completed a brand and product upgrade, marking the first appearance of the upgraded Yili Yijiahao Cheese brand and products. (Yili Cheese)
Goldman Sachs Raises 2023 China GDP Growth Forecast to 6% A recent report by Goldman Sachs shows that its macroeconomic research team has raised China's Q1 2023 and full-year GDP growth forecasts from 2.7% and 5.5% to 4% and 6%, respectively. (Shanghai Securities News)