The complying with news was provided today to a Regulatory Information Service accepted by the Financial Conduct Authority in theUnited Kingdom
Highlights
- 30% development in hidden revenue to US$ 201 million
- Health and Beauty supplied a steady efficiency
- Convenience saw solid revenue development because of beneficial item mix
- Food revenue enhanced, driven by considerable Singapore Food profits recuperation
- Portfolio simplification proceeded better with Yonghui and Hero Supermarket divestments
- Net cash money placement attained in February 2025 with conclusion of Yonghui sale
- Final reward people cents 7.00 per share
“Effective strategy execution led to strong underlying profit growth in 2024, despite a challenging retail environment. We aim to remain relevant to consumers and to increase market share further, by evolving our offering through leveraging data and expanding our omnichannel presence. We are well-positioned for sustainable growth and increased shareholder returns over the mid-term.”
John Witt
Chairman
INITIAL STATEMENT OF OUTCOMES
FOR THE YEAR FINISHED 31 DECEMBER 20 24
EFFICIENCY
I delight in to report that DFI Retail Group (‘ DFI’ or the Group) supplied a substantially enhanced underlying efficiency and an excellent partial recuperation in lead to 2024, in spite of a difficult retail setting. For the complete year, underlying revenue attributable to investors gotten to US$ 201 million, a 30% rise from the previous year.
Our varied profile and efficient functional implementation allowed us to obtain market share throughout essential companies, also as we dealt with changes in customer behavior and macroeconomic headwinds. Profit development was driven by better revenue in Food and Convenience, sustained by development in electronic networks. We are certain that the Group’s brand-new technique will certainly drive more revenue development in the coming years, and are specifically positive concerning the development potential customers for our Health and Beauty service, which stands for 55% of the Group’s overall operating revenue. We additionally see solid development possibilities in our Convenience service. Our various other companies remain to encounter obstacles, however we are certain in the capacity of DFI’s elderly management group to browse temporary unpredictabilities, progress the profile and buy reinforcing our core companies to drive lasting development in investor worth.
The Board suggests a last reward for 2024 people cents 7.00 per share (2023 last reward: United States cents 5.00).
TACTICAL EMPHASIZES
Under the qualified management of our Group Chief Executive, Scott Price, we have actually made considerable strides in executing our tactical structure, which centres around 3 core columns:
Customer First
Across our service, we have a continuous dedication to placing our consumers initially, and we have actually made considerable progression to far better offer them over the previous year. The yuu Rewards commitment program remains to enhance, with a significant rise in participants and the enhancement of a variety of more companions. We have actually additionally started utilizing our exclusive consumer information to improve our item variety and overhaul our Own Brand and electronic techniques. We are driving an extra clear and joint strategy to our arrangements with providers, resulting in a far better result for consumers. As well as far better offering our consumers, these initiatives intend to reinforce market share development and boost margins throughout our companies.
People Led
We have actually improved our organisation framework over the previous year. Our brand-new elderly management group, with its deep market know-how, shares a vision for tactical development and functional quality. Key consultations throughout business have actually enhanced our ability to drive these efforts onward, and we have actually decreased periods and layers within the organisation to enhance procedures and accelerate decision-making. Diversity throughout our service has actually additionally enhanced dramatically.
Shareholder Driven
In positioning with our tactical and resources allotment concerns, we remained to streamline the Group’s profile and unloaded our Hero Supermarket service and financial investment inYonghui Superstores
Following the disposal of Hero Supermarket, the Guardian and IKEA companies will certainly be our emphasis in Indonesia and we are certain in the lasting potential customers for these 2 companies to boost market share as the Indonesian market expands. These disposals enable us to reinvest in our subsidiaries’ development, deleverage our annual report and expand overall investor returns.
Sustainability continues to be on top of our schedule, and we are working together very closely with our stakeholders and establishing enthusiastic targets throughout business. There was solid progression in 2024 versus the Group’s sustainability technique in locations consisting of discharges decrease and waste diversion. Our initiatives were acknowledged in renovations in our ESG scores, consisting of a considerable enhancement in the Group’s S&PGlobal Corporate Sustainability Assessment We will certainly remain to advertise and drive lasting service techniques in our end-to-end worth chain.
ADMINISTRATION AND INDIVIDUALS
The Board and its Committees, and elderly management group, with each other play a vital duty in supplying versus our concerns. The efficient implementation of our technique depends upon excellent quality discussion around the conference room table, with solid payments from allDirectors
There have actually been a variety of considerable Board and executive management modifications because the begin of 2024:
– In July, I prospered Ben Keswick asChairman On part of the Board, I want to reveal our appreciation to Ben for his 11 years of solution asChairman
– I additionally desire to say thanks to Adam Keswick for his payment to the Board and Nominations Committee as he tips down.
– We invited Elaine Chang to the Board as an Independent Non-Executive Director and Graham Baker as a Non-Executive Director Elaine has thirty years of management experience throughout markets such as semiconductors, electronic web content, ecommerce, cloud computer and expert system, and her know-how in leveraging modern technology to drive development will substantially profit theGroup
– Christian Nothhaft was assigned as a participant of the Remuneration andNominations Committees
– Tom van der Lee took control of as Group Chief Financial Officer fromClem Constantine We say thanks to Clem for his considerable payment, particularly throughout the pandemic and in reinforcing the Group’s economic placement. Tom, that signed up with DFI in 2016, brings a riches of experience from his numerous elderly economic duties within the organisation.
– Sean Ward prospered Jonathan Lloyd as our Company Secretary in December 2024. I intend to say thanks to Jonathan for his years of valued solution.
POTENTIAL CUSTOMERS
We are pleased by the Group’s solid hidden revenue development in 2024, in spite of a difficult retail background, supplying motivating very early assistance for our brand-new technique. We objective to settle our placement in markets such as Hong Kong where we have solid companies, while at the exact same time intending to attain lasting development as we broaden essential companies such as Health and Beauty andConvenience
By advancing our offerings via data-driven understandings and increasing our omnichannel existence, we will certainly stay appropriate to customers and proceed recording market share. Our deleveraged annual report and tactical efforts place us well for lasting development and raised investor returns in the years to find.
I need to such as to reveal my gratitude to our investors, our valued companions and to the bigger neighborhood for your ongoing assistance. Most of all, many thanks have to most likely to our staff member, that are essential to our success, for their remarkable job and unwavering dedication throughout the previous year, in spite of tough market problems.
John Witt
Chairman
TEAM PRESIDENT’S TESTIMONIAL
INTRO
As I assess my very first complete year as DFI’s Group Chief Executive, I am exceptionally pleased with the considerable progression we have actually made implementing abreast to our tactical structure: Customer First, People Led,Shareholder Driven
Despite the tough macroeconomic background, we showed durability in our service efficiency, reporting hidden revenue attributable to investors of US$ 201 million in 2024, up 30% year-on-year. During the year, we introduced the divestment of our minority risk in Yonghui, a purchase that lines up with our tactical and resources allotment structure and allows us to reinvest in the future development of our subsidiary companies. While our reported outcomes were affected by one-off products, consisting of reasonable worth loss, problems of equity rate of interest and a good reputation, we have actually remained to dramatically deleverage our annual report with an internet cash money placement complying with the conclusion of the Yonghui purchase in February 2025.
As we head right into the brand-new fiscal year, we stay laser concentrated on performing our tactical concerns to drive income development and boost earnings. Our 2025 economic advice of US$ 230 million to US$ 270 million hidden revenue attributable to investors, shows our self-confidence in more structure on our energy and supplying higher worth for our stakeholders.
TACTICAL STRUCTURE– SECRET DEVELOPMENT
We created our tactical structure of Customer First, People Led, Shareholder Driven in the 2nd fifty percent of 2023 to lead the Group’s resources allotment concerns and development strategies over the coming years. I am both happy and pleased with the progression made by the group over the previous twelve month in implementing on this structure.
Customer First
I remain to see worth unlock throughout our distinctively varied companies throughoutAsia We are happy to offer countless consumers in numerous styles and banners with almost 11,000 electrical outlets throughout 13 markets inAsia What stands apart is our recurring dedication to placing our consumers initially and offering with enthusiasm and treatment. Our function has actually constantly become part of that we are. During the year, we released our DFI function to express it in a manner that joins our organisation, which is to Sustainably Serve Asia for Generations withEveryday Moments This declaration emphasizes our dedication to fulfilling the day-to-day requirements of our consumers throughout Asia, while stressing their passions in lasting options.
Aligned with our function, we have actually made considerable progression in a variety of locations to much better offer our consumers over the previous year.
yuu Rewards
Our yuu Rewards union commitment program remains to enhance. In our home market of Hong Kong, overall participants have actually gotten to 5.3 million with over 3 million regular monthly energetic participants. The energetic use acquisitions throughout all our styles, dining establishments and companions develops considerable quantity of distinct information understandings. In 2024, the yuu Rewards program in Hong Kong included a variety of added companions consisting of Starbucks and FWDInsurance Our participants have actually involved throughout a range of redemption provides that integrate brand-new traveling, enjoyment and eating choices, driving improved consumer interaction.
In Singapore, the yuu Rewards program has actually expanded to over 1.8 million participants. A variety of brand-new companions signed up with the program throughout the year consisting of Suntec City andSingapore Airlines
Improving variety
We are currently leveraging our wide yuu Rewards consumer information to boost variety in our shops. At Wellcome, we have actually leveraged our exclusive information and innovative information analytics capacities to implement a reset of 14 classifications in shops. The enhanced variety has actually seen really motivating first outcomes with uplifts in both sales and gross earnings. We are currently additionally leveraging the understandings from Wellcome to sustain variety optimization for our Health and Beauty and Convenience companies throughout Hong Kong andSingapore
Improving distributor partnership
We are starting to far better take advantage of our information to sustain improved distributor partnership. By developing an extra clear and joint strategy to arrangements with providers, we are interacting to drive market development and a far better result for consumers.
Own Brand
We have reset our Own Brand technique to far better line up with consumer requirements while supplying more powerful margins for our service. By optimizing our item array, revamping product packaging for higher consumer charm and increasing cross-selling possibilities throughout our styles, we have actually made significant renovations in margin and sales efficiency, that includes a greater than 300bps rise in our Food Own Brand margin and near a 40% rise in sales efficiency contrasted to 2023. Following the success of our reset of the Own Brand profile throughout our Food service, we have actually incorporated the Health and Beauty Own Brand variety right into this facility of quality to duplicate the exact same success in Health and Beauty as we reset its exclusive tag technique.
Digital
Following our electronic technique reset in September 2023, consumers are currently able to access our retail profile via a broader series of electronic possessions consisting of applications, sites and third-party systems. Our increased omnichannel existence consists of Wellcome’s quick-commerce collaboration with foodpanda, a brand-new 7-Eleven application with around 137,000 regular monthly energetic individuals and 30,000 everyday energetic individuals in Hong Kong since December 2024. Including a brand-new Mannings Hong Kong application and Guardian Singapore application, we have actually released greater than 20 brand-new networks in 2024 throughout applications, sites and third-party systems. Our enhanced electronic proposal was underpinned by a 31% development in ecommerce order quantity with solid earnings turn-around.
Retail Media
DFI released our very own Retail Media network in the very first quarter of 2024. Initial efficiency has actually been motivating, with greater than 100 targeted advertising projects offered in much less than a year because the launch, sustained by solid sales velocity in the 2nd fifty percent. We have actually partnered with leading providers such as Procter & & Gamble, Unilever, Coca- Cola, Nestl é andReckittImportantly, the incorporated online and offline advertising and marketing proposal for Retail Media has actually sustained the enhanced Return on Ad Spend for our distributor companions. We remain in the very early days of a possibly considerable resource of revenue to buy business.
People Led
In positioning with our tactical structure, we improved our organisation framework in the 2nd fifty percent of 2023 by relocating responsibility to a layout framework, thus boosting dexterity while decreasing overhanging expenses. Throughout 2024, we have actually been concentrated on deeply installing our worths, underpinned by our function declaration throughout theGroup We have actually decreased periods and layers within the organisation to enhance procedures and accelerate choice production. Diversity depiction throughout styles has actually been dramatically enhanced to guarantee neighborhood relevance of decision-making to consumers. We have actually enhanced our management sequence preparation and advancement with a meaningfully enhanced staff member interaction rating, sustained by a brand-new reward framework for elderly administration that lines up with investor passions, based upon overall investor return and service efficiency targets.
Shareholder Driven
Our tactical structure has actually been created with the key objective of boosting investor returns. We have actually come close to resources allotment in a self-displined way, both from a capex and functioning resources administration point of view. Over the program of the year, we performed the divestment of a variety of company-owned homes, which has actually sustained a US$ 150 million decrease in internet financial obligation at the end of 2024.
Concurrently, the Group remains to implement M&A purchases in a way that is accretive to return on resources and overall investor return based upon a tactical testimonial of our companies in 2024. In June 2024, the Group finished the divestment of the Hero Supermarket service inIndonesia Post- conclusion, DFI’s procedures in Indonesia has actually completely rotated to the Guardian and IKEA companies. In September 2024, the Group introduced the divestment of its whole risk in Yonghui Superstores Co.,Ltd This purchase was ultimately finished in February 2025. The Group remains in an internet cash money placement complying with the conclusion of the Yonghui purchase.
2024 EFFICIENCY
The Group reported overall income from subsidiaries in 2024 of US$ 8.9 billion, down 3% year-on-year. However, leaving out the effect of a considerable cigarette tax obligation rise in Hong Kong, the divestment of our Malaysia Food service in 2023 and Hero Supermarket procedure in Indonesia, running income was mainly secure. This extensively stands for market share gains in all styles other than IKEA.
Total income for the Group, consisting of 100% of partners and joint endeavors, was US$ 24.9 billion, down 6% contrasted to 2023, mainly because of decrease sales atYonghui Total hidden revenue attributable to investors was US$ 201 million for the year, up 30% year-on-year.
The Group reported subsidiaries underlying revenue attributable to investors of US$ 158 million for the complete year, 42% greater than the previous year. This was driven by considerable profits recuperation in Singapore Food and beneficial item mix change in the direction of non-cigarette classifications in our Convenience service, partly balanced out by reduced payment from Home Furnishings as an outcome of weak residential or commercial property market task and magnifying competitors.
The Group’s share of hidden make money from partners was US$ 43 million, down 2% year-on-year. Lower payment from Maxim’s because of weak mooncake sales and dining establishment efficiency in the Chinese landmass was partly balanced out by decreased losses from Yonghui and a 15% revenue development atRobinsons Retail
The Group’s reported outcomes for the year were affected by non-trading losses attributable to investors of US$ 445 million. This was mostly because of loss of US$ 114 million related to the divestment of Yonghui, a US$ 231 million problems of rate of interest in Robinsons Retail and US$ 133 million a good reputation problems of Macau and Cambodia Food companies. These losses were partly balanced out by gains from divestment of Singapore residential or commercial property possessions and the Group’s share of one-off gains from the Bank of the Philippine Islands (BPI)-Robinsons Bank merging. Despite the big non-trading losses reported, the Group is currently in an internet cash money placement complying with the conclusion of Yonghui purchase in February 2025.
The Group reported running capital after lease settlements of US$ 331 million, 21% less than the previous year, generally because of damaging motion in functioning resources year-end timing distinction, partly balanced out by underlying operating revenue development. Operating capital after lease settlements and typical capital investment was US$ 158 million, down 29% year-on-year.
ECOLOGICAL, SOCIAL, ADMINISTRATION (ESG)
As a leading Asian seller, we acknowledge our distinct possibility to advertise and drive lasting service techniques in reaction to the choice of our consumers. By placing our ESG dedication as a core column of our Group Strategy, we have actually made significant progression in numerous efforts, consisting of discharges decrease and waste diversion. Our initiatives are shown in a considerable enhancement in the S&P Global Corporate Sustainability Assessment, with our rating boosting to 49 as at 8 January 2025, putting DFI in the 84 th percentile within the Food and Staples Retailing market, up from the 47 th percentile in 2023.
Our solid dedication to ESG is highlighted by our target to cut in half Scope 1 & & 2 greenhouse gas (GHG) discharges by 2030 and attain net-zero by 2050. Throughout 2024, we have actually made considerable financial investments in updating and transforming our existing refrigeration systems to extra eco-friendly choices. We efficiently finished tests of gas and ultra-low worldwide warming possible gases as cooling agent choices for our grocery store. Following a thorough evaluation of our Scope 3 discharges, we have actually determined essential item classifications and sensible decarbonisation possibilities within our supply chain. For instance, our Low Carbon Rice Project, releasing in Thailand this year, intends to drive decarbonisation by advertising low-carbon farming techniques amongst neighborhood farmers, carrying out area tracking and monitoring to gauge carbon exhaust decreases. We have actually made noteworthy progression in boosting our waste diversion and are continuously checking out ingenious means to promote a shift in the direction of a regional round economic situation. Wellcome has actually partnered with a Hong Kong- based reusing center to transform trimmed fats right into biodiesel for powering vital generators.
While we are still early in the trip, these efforts jointly show our initiatives and dedication to offering neighborhoods lasting and budget friendly items, maintaining the earth and sourcing sensibly while fulfilling the return goals of our investors.
COMPANY TESTIMONIAL
HEALTH AND WELLNESS AND APPEAL
Sales for the Health and Beauty department can be found in a little greater than the previous year at US$ 2.5 billion, with like-for-like (LFL) sales continuing to be extensively secure. Underlying operating revenue was US$ 211 million for the year, a little listed below 2023.
Hong Kong reported solid LFL sales efficiency in the very first quarter, which after that decreased in the 2nd and 3rd quarters because of a solid similar duration in 2023 when usage coupons were paid out in April and July 2023. Sales energy enhanced in the 4th quarter with Mannings remaining to obtain market share. Profit for the year raised 6%, attributable to gross margin enhancement and self-displined expense control, in spite of a 2% decrease in full-year LFL sales. Guided by a customer-first proposal, the Pharmacare program got to a considerable landmark because its launch in 2023. In collaboration with Bupa, among Hong Kong’s significant clinical insurance providers, the Mannings group better increased Pharmacare right into its network of greater than 150,000 participants. Leveraging Mannings’ placement as the biggest pharmacologist network, the program provides complimentary examinations and medicine for a series of usual disease. The Mannings group remained to boost in-store experience with the launch of the Health Pod at our International Finance Centre front runner shop inHong Kong This ingenious solution provides an AI health analysis that determines over 20 metrics, complied with by personal examinations and item suggestions. Initial outcomes have actually been appealing, with consumers making use of the solution revealing a basket dimension 3 times greater than standard. In enhancement, the group additionally released a brand-new Mannings application in December to expand its electronic impact. LFL sales of Mannings China decreased as business rotates far from offline shops to on-line networks which includes the closure of most of its offline network.
Guardian in South East Asia reported US$ 857 million in sales, showing a 5% year-on-year rise, driven by development in basket dimension throughout all essential markets. Indonesia, particularly, saw a 17% LFL sales development sustained by raised shopping center website traffic and solid implementation of advertising projects. Strong revenue development was reported throughout a lot of essential markets, underpinned by gross margin development and running take advantage of. In Singapore, solid industrial implementation and a good item mix added to gross margin development, with health care items making up greater than 60% of sales.
BENEFIT
Total Convenience sales were US$ 2.4 billion, standing for a decrease of 3% year-on-year. LFL sales were 5% behind the previous year, affected by a decrease in lower-margin cigarette quantities complying with tax obligation boosts in Hong Kong at the end of February 2024. Excluding cigarette sales, general Convenience LFL sales were up 2%, with ongoing market share gain throughout markets. Convenience underlying operating revenue was US$ 102 million for the year, a boost of 17% contrasted to 2023. Hong Kong operating revenue has actually expanded 10% year-on-year, driven by a good mix change in the direction of higher-margin classifications, with ready-to-eat (RTE) accountancy for 16% of overall sales for the complete year. The recently released 7-Eleven application provides affordable RTE packages, pre-order features, and electronic stamps for IP antiques to drive acquisition regularity and consumer commitment.
7-Eleven South China and Singapore reported mainly secure LFL sales sustained by durable development in RTE, which represented 40% and 23% of sales, specifically. Favourable margin effect from item mix change and recurring expense control added to significant revenue development in both markets. 7-Eleven remained to expand its shop network in the South China area with 103 internet openings throughout the year. The Group intends to drive more network development mainly via a capex-light franchise business version.
FOOD
Reported sales for the Food department in 2024 were US$ 3.1 billion, down 5% year-on-year. Excluding the effect of the divestment of the Malaysia Food service in 2023 and Hero Supermarket procedure in Indonesia, income for the department was 2% less than the previous year. Underlying operating revenue for the department was US$ 58 million for the year, up from US$ 45 million in 2023.
While raised outgoing traveling of Hong Kong locals to the Chinese landmass has actually impacted food usage for most of 2024, the circumstance has actually started to normalise with overall retail sales of grocery stores in Hong Kong going back to development in the 4th quarter of 2024. Wellcome saw boosting sales energy in the 4th quarter with full-year LFL sales partially listed below those of the previous year in spite of tough trading problems. Strong in-store implementation and efficient advertising projects have actually sustained regular market share gain throughout the year. The Wellcome group has actually enhanced its omnichannel existence via the wellcome.com.hk web site, its application and a quick-commerce collaboration with foodpanda, adding to a greater than 20% sales development in general Food ecommerce with dramatically enhanced earnings.
South East Asia Food sales efficiency was negatively impacted by extreme competitors and soft customer belief because of cost-of-living stress. Improved sales mix, efficient expense control and optimization of the shop profile brought about a significant profits recuperation, with Singapore Food transforming lucrative in the 4th quarter of 2024. The Group remains to offer the Singapore market with various suggestions via its numerous brand names.
In June 2024, the Group finished the divestment of its Hero Supermarket service inIndonesia Post- conclusion, DFI’s procedures in Indonesia have actually completely rotated to the Guardian and IKEA companies.
FURNITURE
IKEA reported sales of US$ 701 million, standing for a 12% decrease contrasted to the previous year. Overall, LFL sales decreased by 11% in 2024. Operating revenue was US$ 16 million, down 13% year-on-year.
IKEA’s service efficiency has actually been hindered by decreased consumer website traffic because of weak residential or commercial property market task throughout areas. While IKEA Taiwan showed loved one durability, sales in Hong Kong and Indonesia were impacted by magnified competitors and basket mix modification as consumers decreased acquisitions of expensive products.
In reaction to the tough sales setting, the IKEA group remains to execute solid expense control determines throughout our markets. The IKEA Hong Kong service is rotating in the direction of an even more value-driven omnichannel proposal to take on Chinese landmass electronic systems. Shopping infiltration has actually currently exceeded 10% throughout all markets. The IKEA Indonesia group continues to be concentrated on driving sales via boosting shop commerciality, raising neighborhood sourcing, and embracing an extra efficient advertising technique to boost neighborhood relevance. Implementation of cost-saving procedures added to tightening losses contrasted to the previous year.
DINING ESTABLISHMENTS
The Group’s share of Maxim’s underlying earnings was US$ 66 million in 2024, below US$ 79 million in the previous year, mainly because of reduced mooncake sales and weak dining establishment efficiency on the Chinese landmass. Maxim’s remained to broaden its existence in South East Asia, including 76 internet brand-new shops throughout the year, generally in Thailand andVietnam Benefiting from a varied profile, dining establishment sales efficiency in Hong Kong stayed resistant in spite of a boost in outgoing traveling on weekend breaks and public vacations.
VARIOUS OTHER ASSOCIATES
The Group’s share of Yonghui’s hidden losses was US$ 33 million for the year, contrasted to a US$ 36 million share of underlying losses in the previous year. Continued macro headwinds and extreme competitors brought about reduced LFL sales. The decrease in losses was underpinned by recurring expense optimization, partly balanced out by a decrease in gross margin. The divestment of the Group’s minority risk in Yonghui was finished in February 2025.
Robinsons Retail’s hidden revenue payment was US$ 17 million, up 15% year-on-year. Robinsons Retail reported reduced single-digit development in LFL and durable development in operating revenue driven by the Food and Drugstore sections. Reported revenue payment expanded near 90% year-on-year, sustained by one-off gains complying with the BPI-Robinsons Bank merging in very early 2024.
EXPECTATION
We have actually browsed 2024 with resistant service efficiency and proceeded market share gains for our essential service systems by proactively adjusting to transforming market problems via a more powerful worth proposal, increased omnichannel existence and self-displined expense control. While obstacles stay, we are carefully positive concerning the overview for 2025. The Group anticipates hidden revenue attributable to investors to be in between US$ 230 million and US$ 270 million in 2025, sustained by a natural income development of around 2%.
The Group will certainly remain to implement versus its tactical structure. By boosting the neighborhood relevance of our item offerings, growing monetisation of our electronic possessions, and implementing value-enhancing M&A purchases, we have actually established strong structures in 2024, and we stay certain in driving continual, lucrative development and investor returns in the years in advance.
Scott Price
Group Chief Executive
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DFI Retail Group
DFI Retail Group is a leading Asian seller. At 31 December 2024, the Group, its partners and joint endeavors ran over 10,700 electrical outlets, of which greater than 5,000 shops were run by subsidiaries. The Group, along with partners and joint endeavors, utilized over 190,000 individuals, with over 45,000 individuals utilized by its subsidiaries. The Group had overall yearly income in 2024 of US$ 24.9 billion and reported income of US$ 8.9 billion.
DFI Retail Group is committed to supplying high quality, worth and remarkable solution to Asian customers via an engaging retail experience, sustained by a substantial shop network and very effective supply chains.
The Group (consisting of partners and joint endeavors) runs a profile of widely known brand names throughout 6 essential departments. The major brand names are:
Health and Beauty
- Mannings on the Chinese landmass, Hong Kong and Macau S.A.R.; Guardian in Brunei, Indonesia, Malaysia, Singapore andVietnam
Convenience
- 7-Eleven in Hong Kong and Macau S.A.R., Singapore andSouthern China
Food
- Wellcome and Market Place in Hong Kong S.A.R.; Cold Storage and Giant in Singapore; Lucky in Cambodia; and Robinsons in thePhilippines
Home Furnishings
- IKEA in Hong Kong and Macau S.A.R., Indonesia andTaiwan
Restaurants
- Hong Kong Maxim’s team on the Chinese landmass, Hong Kong and Macau S.A.R., Cambodia, Laos, Malaysia, Singapore, Thailand andVietnam
Other Retailing
- Robinsons in the Philippines operating outlet store, specialized and do it yourself shops.
At the heart of its service, DFI Retail Group is driven by its function to ‘Sustainably Serve Asia for Generations with Everyday Moments’.
The Group’s moms and dad firm, DFI Retail Group Holdings Limited, is included in Bermuda and has a main listing in the equity shares (shift) group of the London Stock Exchange, with additional listings in Bermuda andSingapore The Group’s companies are taken care of fromHong Kong DFI Retail Group belongs to theJardine Matheson Group
Investors
Karen Chan
Media
Christine Chung
