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20 Jun 2024 1:44
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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
     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
     21 May: Farewell Anchor, Fresh'n Fruity and Mainland: what’s behind Fonterra’s decision to sell its consumer brands?
     17 May: Fonterra's CEO says the co-op's decided to divest a number of overseas operations, for the good of the business
     23 Apr: Sheep farmers are being urged to hang on
     21 Mar: The boss of Fonterra is playing down concerns about the Chinese market
     21 Mar: A good news day for Fonterra shareholders
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