Author: Xiaoshidai Integration
Today's Takeaways
- 明治称在华牧场拖累了年度利润
- Zhenjiu Li Du, CFO, said that the liquor is expected to be close to the bottom
- Danone has appointed new President of North America
- McDonald's is said to be launching a $5 package in the United States
- Kobayashi Pharmaceutical's red yeast rice issue made a special loss of 3.8 billion yen
The Starbucks founders had informed the company before making the recent proposal
The latest company news
Fat Donglai to help Yonghui was launched on June 1
A few days ago, the relevant staff of Fat Donglai said that there is indeed a plan to help Yonghui Supermarket, which is two stores in Zhengzhou and Xinxiang, which is expected to be officially launched on June 1. The specific details of the adjustment include employee salary, store planning, product structure, shared supply chain, optimization of store prices and services, etc. The staff also revealed that some of Fat Donglai's products will be on the shelves of Yonghui Supermarket at that time. Recently, Yu Donglai, the founder of Fat Donglai, inspected 4 Yonghui supermarkets in Zhengzhou, which are located in Park Mao, Yuhua Plaza, Hanhai Beijin, and Longhu Jinyi City. (Elephant News)
Sushiro has 41 stores in Chinese mainland
YESTERDAY, JAPAN'S FOOD & LIFE COMPANIES, WHICH OPERATES CONVEYOR BELT SUSHI "SUSHIRO", OPENED ITS FIRST SUSHI RESTAURANT IN TIANJIN, WHICH IS LOCATED IN TIANJIN JOY CITY, WHICH IS ITS FIRST ENTRY INTO THE NORTHERN CHINA MARKET. Sushiro opened its first store in Chinese mainland in Guangzhou in 2021 and has also entered the Chengdu and Chongqing markets in Sichuan, and now has 41 stores in Chinese mainland. (Nikkei)
McDonald's China has seen strong revenue growth in recent years
Recently, Xin Yuesheng, managing partner of Xinchen Capital, took McDonald's China, Hugo Cross-border, Jieshibang, TCL and other high-quality companies invested by Xinchen Capital as examples when attending the 2024 medium-term strategy meeting of Changjiang Securities, saying that the revenue growth of invested companies has been strong in recent years. He also pointed out that the revenue growth of portfolio companies has been strong in recent years; After the investment of Xinchenchen Capital, McDonald's stores in China continued to grow, doubling the number of stores in five years, attracting McDonald's Global to increase its holdings in Golden Arches against the market last year. (Company Release)
Moutai Xinshuai presided over the symposium of dealers in the three provinces
Yesterday, Zhang Deqin, Secretary of the Party Committee and Chairman of Moutai Group, presided over a symposium of dealers in Kweichow Moutai, Zhejiang, Fujian and Jiangsu provinces in Hangzhou. "Dealers are Moutai's family members and an important support for Moutai's growth." Zhang Deqin said that in the future, Moutai will continue to respect and care for dealers, and on the basis of full research and full demonstration, further optimize the market strategy and provide good services for dealers. (Company Release)
Zhenjiu Li Du CFO: The liquor industry is expected to be close to the bottom
A few days ago, Wang Lianbo, vice president and chief financial officer of Zhenjiu Li Du, said that as the macro uncertainties gradually faded, the liquor industry is expected to be close to the bottom, and the negative is basically exhausted, and the space for further exploration is limited, and it is believed that the demand for liquor this year will be slightly improved compared with last year, but it is difficult to rebound, and the cyclical market is expected to appear at least 1 to 2 years later. (Hong Kong Economic Times)
China Resources Enterprise signed a strategic cooperation agreement with Fenjiu Group
A few days ago, China Resources Enterprise, its subsidiary, China Resources Science and Technology Research Institute and Fenjiu Group signed a deepening strategic cooperation agreement and a strategic cooperation framework agreement on scientific and technological innovation in Shenzhen. According to the agreement, China Resources Venture and Fenjiu Group will work together to build a high-level Fenjiu science and technology innovation operation system, build a team of high-end technical talents in Fenjiu, and actively explore new fields and new tracks. (Company Release)
Luzhou Laojiao: There is no form of loan to dealers
Yesterday, at the Luzhou Laojiao 2023 annual performance briefing, Liu Miao, chairman of Luzhou Laojiao, responded to the use of loans that investors are concerned about, saying that the company is currently in a period of business expansion, using lower-cost borrowing funds and combining its own funds to carry out the construction of important projects. He also said that there is no situation of lending to dealers in any form through related parties. (Beijing News)
Blueglass's Chengdu store has taken down the advertisement that was accused of rubbing the edge
A few days ago, in response to netizens' complaints about the new product of the ready-made yogurt brand Blueglass, "Superboy Maca Meat Cistanche, Yellow Essence Ginseng Deer Whip Yogurt Series", the Shanghai Municipal Market Supervision Department has carried out law enforcement inspections on stores in its jurisdiction. Some media visited two stores in Chengdu, but they did not see the promotional materials of the "Boyfriend Power" series of products, but the two related products are still on sale. (Guangming.com)
Meiji said subsidiaries that operate ranches in China weighed down annual profits
Yesterday, Meiji announced that it expects its consolidated net profit for the year ending March 10, 2025 to fall 1% year-on-year to 50 billion yen (equivalent to about 2.3 billion yuan). Consolidated net income for the year ended March was 50.6 billion yen, down 27% year-on-year, as the deterioration in performance of an equity-law subsidiary that operates a farm in China led to a decline in profit. At the same time, the company announced that it will carry out share buybacks of up to 30 billion yen, and will acquire up to 11 million shares, representing 3.94% of the total number of issued shares (excluding treasury shares). (Nikkei)
The Starbucks founders had notified the company before issuing the proposal
A few days ago, the Wall Street Journal quoted a person familiar with Howard Schultz's thinking as saying that last quarter's results prompted the founder to send a recommendation to Starbucks a few days ago. Allegedly, he notified Starbucks before it was released. Separately, the report said that Starbucks CEO Laxman Narasimhan (Laxman Narasimhan) gathered employees after the results were released, saying that the company has become stronger in the past adversity and will rise again, and he asked the crowd if they agreed. "Yes." There was a round of applause from the crowd. "I'm grateful to each and every one of you for joining this ring and continuing to fight. So let me ask you this question, 'Are you in the middle of it?' Let me ask you one more question. Are you willing to win? He said. (Wall Street Journal)
McDonald's is said to be launching a $5 package in the United States
McDonald's is looking to launch a $5 package in the U.S., which could include a french fries, drink, and a McFragrant chicken burger (or a double-layer beef burger), according to Bloomberg, citing an unnamed "insider" person. On Friday, McDonald's shares rose 2.7% after a Bloomberg report, the highest increase since January 2023. Previously, McDonald's CEO Chris Kempczinski said that McDonald's must be "highly focused on affordability". (Bloomberg)
Danone has appointed new President of North America
Dan Magliocco, President and CEO of Danone Canada, has been appointed President of Danone North America. Magliocco joined Danone in 2017 and previously held senior vice presidents of marketing strategy and insights. Earlier, he worked for companies such as Kraft and Mondelēz. In his new role, he will lead Danone's North American operations and will be based in New York. （grocerybusiness）
President Suntory talks about Suntory's name change: no turning back
A few days ago, Beam Suntory, a major U.S. distilled spirits subsidiary of Suntory Holdings, announced that it would change its company name to "Suntory Global Spirits". In this regard, Suntory Holdings President Tsuyoshi Sina said, "The concept of producing high-quality products has been deeply rooted in the hearts of the people. We've changed our name, which means we're not going back." (Nikkei)
Japan's Coca-Cola announced a price increase, with an increase of nearly two percent
This week, Coca-Cola Japan announced on its official website that the prices of a number of its products will be raised, including various types of Coke in plastic bottles and cans, with an increase of up to nearly 2%. (CCTV Finance)
Kobayashi Pharmaceutical's red yeast rice issue made a special loss of 3.8 billion yen
Yesterday, Kobayashi Pharmaceutical withdrew its full-year profit forecast for the fiscal year ending December 2024, citing uncertainty over the impact of foods that functionally claim to contain "red yeast rice" as an ingredient on health hazards. Between January and March 2014, the company recorded an abnormal loss of 3.8 billion yen (equivalent to about 176 million yuan), including costs related to product recalls. (Nikkei)
Investment and financing
Private placement PAI is accused of planning to delay its exit from the Nestlé ice cream joint venture
Yesterday, Bloomberg, citing "insider" sources, revealed that European private equity firm PAI Partners is in talks with investors about a new fund to hold a 50% stake in its ice cream joint venture with Nestlé. PAI is said to be working with a bank to test investor interest in the so-called Continuation Fund, which will help PAI extend its investment in the Froneri joint venture, which could be worth about $10 billion.
In 2016, Nestlé and PAI partnered to merge Nestlé's ice cream business in 20 European countries with PAI's ice cream company R&R to create Froneri, one of the world's largest ice cream companies. In 2019, Nestlé sold its U.S. ice cream business to Froneri, including the Häagen-Dazs brand in the U.S. market. In January, Bloomberg said PAI was looking to divest a number of businesses from major companies, exploring options including selling its stake and getting Froneri to IPO. (Bloomberg, Snack Generation)
European cocoa supplier Natra has been accused of being in talks to buy a chocolate company
Yesterday, Bloomberg quoted "people familiar with the matter" as revealing that European cocoa supplier Natra is in talks with lenders, including private credit funds, to finance the possible acquisition of two companies, including German chocolate company Gubor Schokoladen and Italian hazelnut butter producer Nutkao; CapVest, the private equity firm that owns Natra, is seeking debt advice from lenders, with the two companies potentially up to €700 million in debt. Rumours of negotiations highlight the resurgence of private equity-related M&A in Europe as Wall Street banks launch large-scale leveraged buyout financings across a broad syndicated market as credit markets pick up. (Bloomberg)
R&D and innovation
China Resources Beverage and Tsinghua University jointly established a joint research center
On May 9, China Resources Beverage and Tsinghua University Shenzhen International Graduate School jointly announced that they would jointly establish a joint research center for microbial control and application technology. Relying on the scientific research strength of Tsinghua International Graduate School and the practical experience of China Resources Beverage in the food and beverage industry, the center will focus on innovative research on microbial control technology. With an interdisciplinary cooperation model, we integrate resources, strive to solve the technical problems of microbial "stuck neck", accelerate technological innovation and application promotion, and establish microbial control standards in the beverage industry; And it aims to boost new quality productivity with new technologies and launch more competitive products in the market. (Company Release)
Nespresso Nespresso campaign "Art of the Moment"
A few days ago, Nespresso joined hands with the internationally renowned modern dance company Tao Body Theater and artist Fan Xi to release four advertising campaigns: "The Unknown Happens", "The Opening of Connection", "Support and Balance", and "Infinite Yearning", which connect the art and sensory experience of Nespresso "Moment Art" through the integration of dance and video. (Company Release)
Aitami Lingyi creates a grand ceremony of "Lingyi by me".
A few days ago, Danone Nutricia's Aptamil invited brand ambassador Wu Minxia, brand friend Chen Chen, well-known influencers and many groups of consumer families to join hands with Club Meb, a high-end parent-child vacation brand, Club Med Lijiang Resort, to create a "Leader by Me" ceremony under the snow-capped mountains. Wu Minxia, Chen Chenzhen and An Chenjin, Vice President of Marketing of Danone Nutricia Early Life Nutrition Greater China, had a dialogue at the event, and also had an in-depth discussion and exchange of views on "Miracle Moments in Parenting". (Company Release)
Industries at a glance
Food prices fell 2.7% year-on-year in April
Data released today by the National Bureau of Statistics showed that in April, the national consumer price index (CPI) rose 0.3% year-on-year, an increase of 0.2 percentage points from the previous month. Specifically, in April, food prices fell by 2.7% year-on-year, the same rate of decline as the previous month, of which pork and fresh vegetable prices increased by 1.4% and 1.3% year-on-year, respectively; The month-on-month decrease was 1.0%, 2.2 percentage points narrower than the previous month. (Xinhua News Agency)
Serbian and Hungarian agricultural and food products were allowed to be exported to China
The General Administration of Customs recently issued an announcement that from May 9, Serbian fresh blueberries that meet the relevant requirements will be allowed to be imported. According to the regulations of the General Administration of Customs of China and the Ministry of Agriculture of Hungary on the phytosanitary requirements for the export of Hungarian fresh cherries to China, the import of Hungarian fresh cherries that meet the relevant requirements will be allowed from May 10. (Issued by Customs)
The State Administration for Market Regulation is to organize and carry out special actions for the regulation of advertisements in the field of people's livelihood
In order to further standardize the order of the advertising market in the fields of people's livelihood such as medical care, medicine, and food, which are most reflected by the people, effectively protect the legitimate rights and interests of consumers, and promote the construction of a good consumption environment, the State Administration for Market Regulation recently issued a work plan to organize and carry out a special action on advertising supervision in the field of people's livelihood nationwide from April to November 2024. Among them, it includes strengthening the supervision of food advertising, and strictly preventing the efficacy of health food and the promotion of the efficacy of ordinary food. Investigate and deal with food advertisements that are inconsistent with the facts or violate the requirements of relevant standards in accordance with the law. (Official website of the State Administration for Market Regulation)
Japanese bread products mixed with rat remains, 104,000 bags are urgently recalled
Recently, a well-known bread brand in Nagoya, Japan, was exposed to be mixed with rat remains in the bagged sliced bread products, which aroused public attention. Currently, the company has announced a recall of about 104,000 bags of products. According to the report, the "Super Ripe Yama Type 5 Pieces" and "Super Ripe Yama Type 6 Sheets" bread that were requested to be recalled were produced on the same production line at Shikishima Bakery's Tama plant in Tokyo, and the expiration date was from May 7 to May 11. The area involved includes Tokyo and 14 prefectures. (CCTV News)
Internet+
Hema will open three new stores in Beijing in May
Today, Hema issued an announcement showing that the Hema Sanyuanqiao store has officially opened to the public, and the Dongdaqiao store and Xibeiwang store will open on May 17 and the end of May. At present, there are more than 360 Hema fresh stores in the country, and Hema has previously said that it plans to open 70 new Hema fresh stores nationwide this year, and the number of Hema fresh stores is expected to exceed 400 within the year. (Beijing Business Daily)
The maximum compensation is 500 yuan, and the "Taobao Delivery Management Specification" is changed
A few days ago, the Taobao platform issued a public notice to adjust the relevant requirements in the "Taobao Delivery Management Specification" and the "Taobao Implementation Rules for Breach of Commitment", the main points include the new "abnormal logistics trajectory" violations and regulations, and the specific identification standards and compensation ratios of "false delivery", among which the content of the adjustment of the "false delivery" control regulations will gradually take effect on May 28, and the rest will gradually take effect on May 14. In the case of "out of stock", if the seller does not send the goods after the price increase, or does not send the low price after the price increase, the platform will pay compensation according to the seriousness of the circumstances, and the compensation ratio is 30%, with a maximum of no more than 500 yuan and a minimum of not less than 5 yuan. (Look at the news)