Sector News

Golden Wing Mau and Joyvio to merge

December 18, 2015
Consumer Packaged Goods

At a press conference in Beijing on December the 16th, the management of Golden Wing Mau and Joyvio has announced that the two companies will merge.

Golden Wing Mau focuses on production, storage, packing, import/export and retail. The company is one of China’s leading players in the fresh produce industry. GWM has a prominent network outside China since Capespan bought a 25% share in the company in 2010. Joyvio is the fresh product brand of the investment firm Legend Holdings and a prominent kiwi and blueberry producer in China. In addition, the company has invested in agriculture assets abroad, including farms in Chile.

The new company will have an estimated joined turnover of 5 billion Yuan (€0,7 billion). The company will be lead by Liu Mau Wah, the President of Golden Wing Mau, and Chen Shaopeng, senior vice-president of Legend Holdings. The new CEO will be Zhang Jian, current general manager at GWM.

Source: Fresh Plaza

comments closed

Related News

February 25, 2024

The Body Shop faces store closures, layoffs and ingredient surplus after Aurelius acquisition

Consumer Packaged Goods

Recent reports reveal The Body Shop will shut up to half of its 198 stores in the UK and cut the size of its head office, incurring hundreds of job losses. According to the firm overseeing the restructuring of the beauty retailer, closures will begin this Tuesday.

February 25, 2024

Kroger and Albertsons face lawsuits to block $24.6bn merger – Bloomberg

Consumer Packaged Goods

Amidst brewing tensions, the US Federal Trade Commission (FTC) and a coalition of states are poised to take legal action as early as next week, aiming to prevent grocery giant Kroger’s $24.6 billion acquisition bid for Albertsons, Bloomberg reported.

February 25, 2024

Diageo reportedly in talks to offload trio of brands, including Pimm’s

Consumer Packaged Goods

The owner of Guinness and Baileys has hired financial service group Rothschild to explore the sale, which includes Pimm’s, fruit liqueur brand Safari and Pampero rum. Each brand could be offloaded individually or as a three, according to Sky News.

How can we help you?

We're easy to reach