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27 Jul 2024 11:48
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  •   Home > News > Rural

    Uncertainty around Fonterra's plan to sell well-known brand Anchor

    Uncertainty around Fonterra's plan to sell well-known brand Anchor


    Fonterra
    Fonterra
    The diary giant has signalled its intent to divest some or all of its global consumer business, including Fonterra Oceania and Fonterra Sri Lanka.

    Lincoln University Adjunct Professor Jacqueline Rowarth says Anchor is synonymous with New Zealand.

    She says Anchor was sold at one point and then bought back, and we shouldn't do that again -- so it needs to be a very good offer.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     19 Jul: A batch of sesame seeds is being recalled due to risk of salmonella
     12 Jul: Dairy farmers are relieved Synlait milk will live to see another day, after winning shareholder approval to take out a 130-million dollar loan
     03 Jul: Belief dairy prices could still go up, despite prices falling in the latest Global Dairy Trade auction
     27 Jun: A tough time for dairy farmers with expenses up, and profits down
     05 Jun: Dairy prices are up another 1.7 percent in this morning's latest Global Dairy Trade auction
     29 May: Fonterra remains wary about the state of the global dairy market
     17 May: Fonterra's CEO says the co-op's decided to divest a number of overseas operations, for the good of the business
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