Plant-based bubble bursts
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Chinese dairy giant Yili topped the tally at the World Dairy Innovation Awards held recently in France.
Chinese company Yili, which has a sizeable presence in New Zealand, has been chosen as the world's most valuable dairy brand.
Westland Milk Products is about to start a pretty special gold rush aimed at increasing the Chinese-owned dairy company's profitability.
Yili's takeover of Westland, the second-largest dairy enterprise in New Zealand, creates a ‘dairy silk road’ between Asia and NZ, says Yili Group chief executive Jianqiu Zhang.
Former Westland Milk chairman Pete Morrison says Yili’s new ownership represents a significant milestone for the former co-op and the start of a new era for the dairy industry on the West Coast.
Chinese dairy giant Yili says it will respect all contractual obligations to pay current and former milk suppliers of Westland Milk.
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…
OPINION: Synlait's financial woes won’t be going away anytime soon.