The week's two major stories broke within hours of each other on Wednesday - Tesco admitted it was "likely" to leave the US and Germany's Intersnack snapped up United Biscuits' salty snacks business. Elsewhere, ex-Tesco CEO Terry Leahy led ...
Tags: salty snacks, Intersnack, Hula Hoops, McCoy's, Skips, dairy, pork sector
Canadian food manufacturer and retailer George Weston has said it expects sales from its Weston Foods business to fall in 2012 after sales slid in the third quarter. George Weston, which supplies branded and own-label bread and biscuits ...
Tags: Weston Foods sales, volumes, Q3 profits
Former KPMG international chairman Tim Flynn has joined Wal-Mart Stores as a director and will sit on the retail giant's audit committee. Flynn, who spent 32 years at KPMG, joins the US retailer at a time when it is investigating ...
Tags: Wal-Mart Stores, food industry company, bribery claims
Shares in US retail giant Wal-Mart slid almost 3% in pre-open trading this morning (16 August), despite a 5.7% increase in second-quarter net income and an improved full-year outlook. The company said today that net income in the three ...
This week's clutch of featured industry research from the just-food store highlights commodities data from agribusiness specialists LMC International. It also includes in-depth looks at Carrefour's operations in Spain and Wal-Mart Stores' ...
Tags: featured industry, commodities data, just-food's research
French retail giant Carrefour has sold its Malaysian operations to Japanese giant Aeon. The sale, announced today (31 October), was made for an enterprise value of EUR250m (US$324.1m). The transaction, Carrefour said, is part of its ...
Tags: Carrefour, retail giant, Aeon, transaction
Carrefour has sold its stake in its venture in Indonesia, the latest move to refocus its attention on a smaller number of markets worldwide. The Carrefour banner will still be present in Indonesia but the chain will be run on a franchise ...
Tags: stake, venture, local franchisee, exclusive franchisee
The UK's Office of Fair Trading (OFT) has referred Booker's acquisition of Makro to the country's competition authority. Booker revealed in an announcement today (7 November), the OFT's decision to refer its completed acquisition of Makro ...
Tags: competition authority, food wholesaler, local cash-and-carry assets
UK wholesaler Booker has said it is on course to meet its full-year expectations after making a "good start" to its new financial year. The wholesale retailer said total sales rose 1.7% in the 12 weeks to 22 June, with tobacco weighing on ...
Tags: catering sector, restaurants and caterers, Non-tobacco
UK food wholesaler Booker is set to buy the local cash-and-carry assets of German retail giant Metro Group. Booker said today (30 May) it had agreed a cash-and-shares deal that values Metro's Makro UK arm at GBP139.7m. As part of the ...
French retail giant Casino has booked a 35% jump in third-quarter sales, boosted by a strong international showing and a contribution from acquisitions. In a sales update released yesterday (15 October), Casino said group sales increased ...
Casino has agreed to purchase joint-venture partner Galeries Lafayette's 50% stake in supermarket chain Monoprix, putting an end to a long-running dispute. The French retail giant has agreed to pay EUR1.18bn (US$1.47bn) for the half of ...
Tags: Galeries Lafayette, Stake, Monoprix
Carrefour today (30 August) reported a fall in half-year profits but shares in the French retail giant rose as analysts had expected a steeper decline. The French retail giant booked recurring operating income of EUR769m (US$965.3m), down ...
Tags: Carrefour, retail giant, operating income, profit drop
Ahold today (4 September) admitted it is weighing up the options for its stake in ICA, the Sweden-based retailer. The Dutch retail giant owns 60% of ICA, which has stores in Sweden, Norway and the Baltic states. Ahold said it wanted to ...
Tags: Ahold, food retailer, food, food industry
Retail giant CBD has booked a 64.6% rise in third-quarter profit as sales benefited from the Brazilian government's stimulus package. CBD's third-quarter net profit totalled BRL210m (US$103.4m) up from BRL128m in the same period of last ...
Tags: Profit Jump, stimulus package, EBITDA margin