Fonterra’s consumer business difficult to operate in China, local CEO says

Fonterra's Teh-Han Chow and Miles Hurrell with Chinese premier Li Qiang at the co-op head office last week. (Image: BusinessDesk)

Riley Kennedy

Wed, 19 Jun 2024

Fonterra’s consumer business is a “hard one” to operate in China, its Chinese chief executive says.The global dairy giant is looking for options to divest its consumer and Australian and Sri Lankan businesses.The co-op’s consumer business includes brands such as Anchor, Mainland, Kāpiti, Anlene, Anmum, Fernleaf, Western Star, and Perfect Italiano. Its idea is to drop the channel and focus on its two remaining channels: ingredients and food service.In China, the consumer business contributed $16 million in ear...

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