JD Group soars on finance unit sale news

2014-09-02 10:16

The share price of JD Group has jumped more than 5% in early trade after the struggling furniture retailer said it will sell its financing arm.

Protests against Woolworths Israeli trade

2014-09-01 15:56

Protests against Woolworths for having Israeli products on its shelves were organised by BDS SA at about 40 locations in SA.

Woolworths plans R10bn rights offer

2014-08-29 14:12

Woolworths says it plans to raise R10bn through a rights offer to help repay financing for its acquisition of Australia's David Jones

Woolworths profit hit by David Jones costs

2014-08-28 10:36

Woolworths has reported a lower-than-expected increase in full-year profit, having been hit by costs related to its acquisition of Australia's David Jones.

Tesco sales worsen as UK grocery market slows

2014-08-27 13:00

Tesco has been served a stark reminder of the challenge to revive Britain's No.1 grocer, as industry data shows its sales decline has worsened.

Heinz recall highlights source tracking

2014-08-25 10:19

The entanglement of Heinz in China's latest food scare highlights a key concern - how to keep track of ingredients from diverse sources.

Dipula acquires six shopping malls

2014-08-21 18:27

Dipula Income Fund has announced that it will acquire a portfolio of six rental income producing retail properties from for R425m.

Edcon reports R6.6bn in quarterly sales

2014-08-21 14:18

Unlisted retailer Edcon has posted a 5.7% rise in retail sales to R6.6bn for the quarter ended June 28 2014.

Russia ramps up McDonald's scrutiny

2014-08-21 11:39

Russia's state food safety watchdog has begun unscheduled checks in several regions, a day after four branches in Moscow were shuttered by the same agency.

Massmart sees lower earnings, shares plunge

2014-08-20 11:33

Massmart Holdings, the SA unit of Wal-Mart Stores, says its first-half earnings have fallen, sending the retailer's shares lower.

Shoprite's profit growth lags consensus

2014-08-19 10:13

Shoprite has missed estimates with a 3.3% rise in full-year profit as consumers battling high personal debt and rising prices cut spending.

Massmart to reinstate retrenched workers

2014-08-19 07:59

Massmart has initiated a plan to reinstate employees who were retrenched in 2009 and 2010, according to the Competition Commission.

Japan's Kewpie adapts menu to feed elderly

2014-08-18 12:30

Almost 55 years later, the Tokyo-based company sees a new opportunity opening up in rapidly ageing Japan - what it calls "nursing care food" for the elderly.

Spar's UK deal good for SA

2014-08-14 20:05

Analysts give the thumbs up to Spar Group’s acquisition of the brand in Ireland and supermarkets in other parts of the UK.

China's economic data points to further softness

2014-08-13 14:30

China's economy has shown further signs of softening in July despite a burst of government stimulus measures, suggesting more policy support may be needed.

Woolworths shuffles management in Australia

2014-08-12 17:04

There have been senior management changes in Australia that follow Woolworths' acquisition of David Jones and a minority interests in Country Road.

Woolworths expects Country Road completion soon

2014-08-08 11:12

Woolworths expects completion of the compulsory acquisition process of Country Road and its delisting to occur soon.

Africa haircare a multi-billion dollar industry

2014-08-06 12:17

While still largely based in the informal economy, the African haircare business has become a multi-billion dollar industry that has drawn global giants .

China food scandal hurts McDonald's results

2014-08-05 09:30

McDonald's says its business has been affected by China's latest food scare, which forced restaurants in the region to temporarily pull meat items from menus.

Burger King cuts ties with China supplier

2014-08-01 10:16

Burger King Worldwide says it will no longer buy products from OSI Group suppliers in China, the parent of the factory at the heart of a food safety scandal.

China seizes melamine-tainted sweets

2014-07-31 14:00

Chinese police have seized almost 12 tonnes of yoghurt sweets tainted with melamine, an industrial chemical at the centre of a scandal in which six infants died.

SA consumers vote Edgars as icon brand

2014-07-30 14:15

Edgars has been appointed winner in a number of categories in the latest Target Group International Icon Brand Survey.

Scandal-hit food firm withdraws products

2014-07-27 13:45

The parent company of a scandal-hit Chinese food supplier says it will withdraw all products made by a subsidiary company.

LVMH results send chill across luxury sector

2014-07-25 18:00

The outlook for the luxury goods industry has darkened as poor results from industry leader LVMH show major factors curbing spending.


Burger King manoeuvres to cut US tax bill

2014-09-02 09:58

The Burger King rate is 30% lower than the average tax rate it paid in the five years before it was bought in 2010 by private equity group 3G.

Foschini produces solid results

2014-09-01 14:45

The Foschini Group has produced a solid result for the year in a difficult trading environment, says CEO Doug Murray.

Tesco slashes profit forecast as trading slumps

2014-08-29 10:45

Britain retailer Tesco has cut its profit forecast for the third time in three years and slashed its interim dividend by 75% as tough conditions continue.

Moscow courts back closure of McDonald's

2014-08-28 10:00

Russian courts have backed the temporary closure of three McDonald's restaurants in Moscow for breaches of sanitary rules.

Imperial earnings down, shares fall

2014-08-27 10:10

Auto dealer and logistics group Imperial Holdings has reported a drop in full-year profit as a weakening rand weighed on its auto importing business.

Truworths meets expectations, shares surge

2014-08-21 19:00

Truworths has broadly met forecasts with a slight growth in annual profit, though the increase was at its slowest pace since 1999.

Pick n Pay ups Zim investments

2014-08-21 14:21

Supermarket chain Pick n Pay has released $40m split towards funding for an additional equity share and refurbishments of Zimbabwean retailer TM Supermarkets.

Russia inspects McDonald's restaurants

2014-08-21 13:15

Russian food safety watchdog is conducting unscheduled checks at McDonald's restaurants in the Sverdlovsk region.

Swedish giant to open at V&A Waterfront

2014-08-20 15:00

A Swedish retailer has confirmed that it will be opening a South African store in Cape Town’s V&A Waterfront in 2015.

Heinz to tighten supplier controls in China

2014-08-19 12:34

US foodmaker HJ Heinz will tighten controls over suppliers in China after it was forced to recall some infant food products from Chinese store shelves.

China lead contamination scare hits Heinz

2014-08-19 09:48

US foodmaker HJ Heinz has recalled some infant food products in China after a report that they contained excessive levels of lead.

Heinz recalls batches of infant food in China

2014-08-18 16:45

Ketchup maker HJ Heinz has recalled some infant food in eastern China after it was found to contain lead in excess of the allowable limit.

Coke buys $2.15bn stake in Monster

2014-08-15 14:30

Coca-Cola has announced it will pay $2.15bn for a 16.% stake in Monster Beverage, cementing a distribution-based link between the two.

M&S patches up 'consumer love affair'

2014-08-14 14:00

British retailer Marks & Spencer is close to having both its food and general merchandise divisions "firing on all cylinders".

Retail sales flat at 0.0%

2014-08-13 14:00

Retail sales have been flat at 0.0% year-on-year in June, sharply undershooting market expectations, compared with a revised 2.6% expansion in May.

Spar in R800m Irish deal

2014-08-11 13:55

The Spar Group has entered into an agreement to buy a majority 80% stake in the BWG Group for R800m and add 1 100 stores to its retail footprint.

Russian food embargo a blow for EU

2014-08-07 18:45

Russia's embargo against food from the European Union will affect 10% of the EU's food exports and may cause a crisis of glut in Europe.

UK shop prices falling fast

2014-08-06 11:58

Prices in British shops have fallen at the fastest rate since records began seven-and-a-half years ago, marking 15 months of sinking prices.

SA franchise tashas opens in Dubai

2014-08-04 12:55

Famous Brands’ lifestyle café brand tashas has commenced its global expansion programme with the launch of its maiden international restaurant in Dubai.

Food scare tests loyalty to fast food brands

2014-07-31 15:41

A food safety scare in China is testing local consumers' loyalty to foreign fast-food brands, including McDonald's, KFC and Pizza Hut.

KFC, Pizza Hut feel China pain

2014-07-31 09:06

A television expose showing improper meat handling by Chinese suppliers have caused "significant, negative" damage to sales at KFC and Pizza Hut restaurants.

Restaurants can beat the seasonal slump

2014-07-30 10:37

The winter season makes it increasingly difficult for restaurant owners to entice customers from hibernation and an expert provides tips to counteract this.

McDonald's takes steps in China meat scandal

2014-07-25 20:30

McDonald's has suspended sales of chicken nuggets and other items in Hong Kong after it said it imported from the Chinese company at the centre of a food scare.

Woolworths Country Road offer now unconditional

2014-07-25 14:30

Woolworths Holdings has announced that it has achieved over 90% relevant interest in Country Road and its offer is now unconditional.

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