Indofood buys milk processor
Indonesia's Indofood rebuilds its pre-crisis empire with the purchase of Drayton which owns 69% of milk producer Indolakto.
September 23, 2008
The mantra of rising affluence tied to a growing middle class has long underpinned Indonesia’s attraction as an investment destination. The wealthier people are, the more likely they will want to consume luxury goods and services and adopt Western lifestyles, rather than simply consume to stay alive.
¬ Haymarket Media Limited. All rights reserved.
