Kerry Group confirms review of €900m dairy business that may include Dairygold 

Its global revenues were down to €7bn in 2020 from €7.2bn in 2019

Kerry Group said it expected its global margins to recover this year.

Kerry Group has confirmed it is reviewing the future of its dairy-related operations in Ireland and Britain — a significant business that generates €900m in annual revenues and includes Dairygold and its cheese products —   as the food giant looks to focus on high-margin food products across the world. 

The review comes after a long period of speculation that Kerry Co-op, which owns a stake of around 12% stake in Kerry Group, is looking to raise funds to buy some or all of the group's dairy operations.