| Type | Public (SGX: F99) |
|---|---|
| Industry | Conglomerate |
| Founded | 1883 (as Singapore and Straits Aerated Water Company) |
| Founder(s) | John Fraser David Chalmers Neave |
| Headquarters | Singapore |
| Area served | Worldwide |
| Key people | Lee Hsien Yang, Chairman |
| Products | Food and Beverage, Brewing, Property, Publishing |
| Revenue | $5,697 million USD (March 2011)[1] |
| Profit | $584 million USD (March 2011)[1] |
| Employees | >13,000[2] |
| Subsidiaries | Asia Pacific Breweries Limited, Fraser & Neave Holdings Bhd, Frasers Centrepoint Group, Times Publishing Group |
| Website | www.fraserandneave.com |
Fraser & Neave Limited (F&N) SGX: F99 is a food and beverage, brewing, property and publishing & printing industries conglomerate in Singapore.
Listed in Singapore, the group’s subsidiaries and associated companies include Frasers Centrepoint, Asia Pacific Breweries and Times Publishing. As of 2011, F&N had total assets of over S$13 billion and employed over 13,000 people in 20 countries.[2]
Contents |
The company (Singapore and Straits Aerated Water Company) was formed in 1883 by John Fraser and David Chalmers Neave, who diversified from their printing business (Singapore and Straits Printing Office) to pioneer the aerated water business in Southeast Asia in 1883.
In 1898, a new public company was formed and the two businesses were sold to the new company, named Fraser & Neave (F&N), for $290,000 in cash and shares.[3]
In 1931, Fraser & Neave formed a joint venture with Holland’s Heineken to venture into the brewing business. The brewery, Malayan Breweries Limited produced Tiger Beer, and later acquired Archipelago Brewery, which produced Anchor Beer. In 1936, F&N acquired the Singapore, Malaya and Brunei franchise rights for Coca-Cola drinks. Alongside its own range of F&N branded drinks, the company went on to acquire the rights to other brands like 7-Up, Fanta and Sunkist.
In 1990, Malayan Breweries changed its name to Asia Pacific Breweries.
In 1999, F&N purchased a 20% stake in Time Publishing before taking majority control of the company in 2000, with the entire acquisition costing around S$570 million.[4] This put F&N into the printing, publishing, retail bookstore, sales and distribution, education, internet and conference organisation businesses. In 2001, F&N took both Time and Centrepoint Properties private.
In 2006, the Singapore government investment company Temasek Holdings took a 14.9%, S$900 million stake in F&N, becoming F&N’s second-largest investor.[5]Temasek’s entire stake was sold to Japan’s Kirin Holdings for S$1.33 billion in 2010.[6]
In 2008, F&N reorganised its management structure and appointed chief executives for three of its core businesses, food & beverage, property and printing and publishing.[7]