F&N to benefit from expansion in liquid milk segment

KUALA LUMPUR: MIDF Research is optimistic over Fraser & Neave Holdings Bhd's (F&N) extended right to increase its market share in the liquid milk segment.

The food and beverage group said in a statement it had obtained the extended rights from Société Des Produits Nestlé S.A. and Nestec S.A. (Nestlé) as the exclusive manufacturer and distributor of Nestlé’s Bear Brand sterilised milk in Cambodia, from March 1, 2023, to 2037.