Sentences with phrase «drinks business lion»

«I'm not telling them what they should do, but before they step into the breach they should perhaps consider the long - term ramifications,» said Mr Cairns, the former chief executive of dairy and drinks business Lion and a former senior executive with Pepsico and Frito - Lay.

Not exact matches

Kirin has had its struggles with Lion Dairy & Drinks since buying the business almost 10 years ago.

In this environment, Lion reported a revenue decline of 6 per cent to $ 631.8 million in its dairy and drinks business, saying that it «remains a long way from achieving an acceptable return on invested capital, with revenue pressure offsetting efficiency gains».

Lion is making nil or very low returns from milk for drinking, as cheap private label milk has taken share from its branded business.

In Lion's dairy and drinks division, volumes fell 17.4 per cent on top of a 7.3 per cent decline the previous year, dragged down by the sale of Lion's low - margin everyday cheese business in May and the loss of private label milk contracts with Coles and Woolworths in 2014.

Should Kirin offload Lion Dairy & Drinks, it would leave the company with a large Australian alcohol business that makes more than $ 2.5 billion in annual sales.

Japanese beer giant Kirin Holdings is believed to be reconsidering the future of its Australian dairy business, Lion Dairy & Drinks.

In February, Lion, which is owned by Japan's Kirin, took a $ 339 million writedown against its dairy and drinks business.

Lion's new dairy and drinks boss Peter West says he will slash the number of products Lion puts on retail shelves as he looks to turn around the struggling business and drive sales in higher margin segments like specialty cheese.