DFI Retail Business Unit's Exit From China Could Be Margin Accretive -- Market Talk

Dow Jones
2025/12/17

0754 GMT - DFI Retail Group's move to withdraw its health and beauty business Mannings from mainland China could be margin accretive, say Citi analysts in a note. Mannings will shut down its flagship online stores on major e-commerce platforms in China by late-December and close all physical stores by mid-January, they note, adding that the mainland China segment only contributed a low-single-digit percentage of DFI's health and beauty segment revenue in 2024. The analysts anticipate a minimal drag on group sales, "decent" expense savings, and a boost to the group's plan to expand margins. DFI operates brands across food, health and beauty and convenience stores. Citi retains its buy rating and US$4.30 target price on DFI, which rises 1.0% to US$3.99. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

December 17, 2025 02:54 ET (07:54 GMT)

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