China probes firms as food scare spreads

2014-07-24 13:34

China's food regulator has visited close to 600 restaurants, businesses and food distributors over a food scare that has dragged in a number of global brands.

Yum cuts ties with firm in meat scandal

2014-07-24 10:45

Yum Brands has severed ties with OSI Group, which is at the center of a food-safety scare that has ensnared several major Western brands.

Starbucks expands to Vietnam

2014-07-23 14:15

With more coffee shops per square mile than probably anywhere on earth, opening a cafe in Vietnam's capital could be a bit of a gamble.

Food safety violations company-led - regulator

2014-07-23 09:00

A Chinese food watchdog says food safety violations at Shanghai Husi Food, a supplier to global brands including McDonald's and Yum Brands, were company-led.

McDonald's earnings edge lower

2014-07-22 16:30

Fast-food giant McDonald's says profit slipped in the second quarter amid fairly flat global sales and continued weakness in its domestic US performance.

Banks part of urgent R699 car hearing

2014-07-20 11:58

An urgent hearing into the R699 car sales scheme opens up the possibility that class action could be taken against the banks that supported the scheme.

Court gives Woolies go-ahead on David Jones

2014-07-17 08:57

The Federal Court of Australia has approved Woolworths' takeover of David Jones, the South African retailer says.

Pernod Ricard SA shows strong results

2014-07-15 14:15

Despite a tougher trading environment, Pernod Ricard SA has reported strong interim results, especially by the South African domestics market.

Retail workers also get short-changed

2014-07-10 10:19

Fin24 user Claude du Toit laments the lot of retail workers and wants to know how they can also get "perks".

M&S hails sales of womenswear

2014-07-08 16:00

British retailer Marks & Spencer has reported a small rise in sales of womenswear, saying it's a sign that years of investment are starting to pay off .

Aus regulator worries about Woolies deals

2014-07-03 08:49

Australia's corporate regulator has expressed concerns about two takeovers bids by Woolworths, arguing they may benefit billionaire investor Solomon Lew unfairly.

E-cigarettes could stub out tobacco bonds

2014-06-24 10:49

The rapid growth of electronic cigarette sales poses a rising risk to holders of as much as $96bn of bonds tied to payments tobacco companies make to US states.

Woolworths moves on Australia's Country Road

2014-06-24 08:49

Retail giant Woolworths has announced a bid to buy out Australian fashion chain Country Road as part of its plan to take over prestigious department store David Jones.

UK's Debenhams posts slight sales rise

2014-06-20 10:02

Britain's No 2 department store chain Debenhams says underlying sales rose slightly in its latest trading period, as it changed strategy towards fewer promotions.

Hooters SA is expanding

2014-06-17 16:59

Hooters SA has been operating in South Africa for the past five years and is continually expanding their footprint across the country.

Spotting the gap for African greeting cards

2014-06-12 12:39

Gildah Tshukutswane believes everyone should celebrate African-inspired messages.

Sainsbury's sales fall as King steps down

2014-06-11 10:15

Britain's J Sainsbury has posted a second straight fall in quarterly underlying sales as chief executive Justin King prepares to step down after 10 years.

Packaging to help food plight

2014-06-08 08:30

The first conference on how to better preserve food and prevent its wastage recently took place in Cape Town.

Big Easy Iced Tea

2014-06-04 11:33

Ernie Els has expanded his entrepreneurial reach by launching a range of sparkling iced tea.

Big Easy Iced Tea

2014-06-03 15:48

Ernie Els has expanded his entrepreneurial reach by launching a range of sparkling iced tea.

Malaysia finds no pig DNA in Cadbury

2014-06-02 07:30

New tests conducted by Malaysian authorities found that two varieties of chocolate made by Cadbury do not contain pig DNA.

Halaal testing of Cadbury products

2014-05-30 10:42

Indonesian authorities are testing products made by British confectioner Cadbury to check if they complied with Islamic standards.


Trade at V&A Waterfront remains buoyant

2014-07-24 12:42

Trade at the V&A Waterfront continues to remain buoyant as second quarter retail trade results again reflect double digit growth despite stormy economic times.

China meat scandal: Supplier has global reach

2014-07-24 05:20

The American meat supplier in the China scandal has ties to many well-known fast-food chains operating around the world, including McDonald's.

Five held in China food scandal probe

2014-07-23 13:45

Police have detained five people in an investigation into a supplier of foreign fast-food brands including KFC and McDonald's over allegations of expired meat.

R699 car case to be heard in August

2014-07-22 20:19

The hearing into the R699 car scheme has been set down for early August in the Eastern Cape High Court in Port Elizabeth, says a lawyer representing consumers.

Distell makes Kenya acquisitionI

2014-07-21 17:30

Distell will acquire 26% of the issued share capital of Kenya's foremost spirits manufacturer for a total of approximately R105m.

Tesco boss to leave after profit warning

2014-07-21 08:38

Britain's retail giant Tesco says its chief executive Philip Clarke is to step down after the retailer issued a profit warning.

Kalahari tops in online satisfaction

2014-07-18 18:15

South African online consumers have ranked Kalahari as the online retailer providing the best customer experience, according to a survey.

General dealers help to up retail sales

2014-07-16 14:08

Retail trade sales have increased year-on-year in May 2014, with the main contributors being general dealers, says Statistics SA.

M&S finance chief defects to Tesco

2014-07-11 08:19

Marks & Spencer's chief finance officer Alan Stewart has quit to join Tesco, leaving one struggling British retail giant for another.

UK retailers report biggest price drop

2014-07-09 08:56

British retailers have seen the biggest annual decline in prices since 2006, with cheaper furniture, electricals and clothes as well as a supermarket price war.

Steinhoff raises R7.8bn in bookbuild

2014-07-03 09:43

Furniture retailer Steinhoff has raised R7.8bn in an accelerated bookbuild as part of a drive to raise international funds ahead of a planned Frankfurt listing.

Debonairs tops among fast food consumers

2014-07-03 05:00

There have been significant changes in SA consumers' satisfaction with various fast food and restaurant brands.

Tensions in Bangladesh garment industry

2014-06-27 09:33

It took Western safety inspectors only about an hour to tour a factory the size of three football fields before ordering a partial shutdown.

Steinhoff to seek listing in Frankfurt

2014-06-24 09:30

Furniture retailer and maker Steinhoff International says it will seek a primary listing on the Frankfurt Stock Exchange from September.

Australian shopping centre giant to split

2014-06-20 12:05

Australian shopping centre giant Westfield Group to split its empire, was given the nod in a tight vote that highlighted concerns about the restructure.

E-tail no longer a ‘nice to have’

2014-06-19 19:04

E-tail shopping is no longer a "nice to have" or a "maybe one day" concept and it could develop into four possible scenarios, experts say.

E-cigarettes mostly used by would-be quitters

2014-06-18 12:45

Nearly 30 million people across Europe now use e-cigarettes and are most likely to be aged between 15 and 24.

Big nod for Woolies' $2bn David Jones deal

2014-06-17 12:19

Shareholders of Woolworths have overwhelmingly backed the retailer's R21bn buyout of Australia's David Jones.

Spotting the gap for African greeting cards

2014-06-12 10:25

Gildah Tshukutswane believes everyone should have the opportunity to celebrate African-inspired messages in African languages through greeting cards.

Tesco takes on UK banks with account launch

2014-06-10 11:30

Tesco Bank, the financial services arm of Britain's biggest retailer, has launched its first personal current or checking account.

Luxury jeweller Fabergé sues Faberge

2014-06-06 10:45

Luxury jeweller Fabergé has filed a copyright lawsuit against a New York City restaurant for what it called a "shameless" appropriation of Fabergé's name.

Edcon benefits from strategic changes

2014-06-03 17:57

Edcon's inicrease in retail cash sales is an indication that the benefits of its strategic changes are starting to positively impact performance.

FDA considers rules on e-cigarettes

2014-06-02 10:45

As US health regulators consider what rules to impose on electronic cigarettes, they have placed a value on their tally of costs and benefits.

Ernie Els hopes for ice tea hole-in-one

2014-05-30 13:23

SA golfing giant Ernie Els has expanded his entrepreneurial reach by launching a range of sparkling iced tea.

Foschini outpaces consensus

2014-05-29 15:57

Apparel retailer Foschini Group has beaten forecasts with a slight 6% rise in full-year profit as debt-laden shoppers chased after its low-margin merchandise.

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