Futuregrowth: providing retail facilities to disadvantaged communities

2015-07-01 16:05

A Futuregrowth fund engages in far-reaching development and upliftment investing in communities, especially in areas with a lack of infrastructure and services.

Steinhoff: Frankfurt listing to take place in Q4

2015-06-29 18:14

Steinhoff International says a planned stockmarket listing in Frankfurt will probably take place in the fourth quarter of this year, subject to regulatory approvals.

Tesco beats forecasts with improved trading

2015-06-26 10:15

Britain's biggest supermarket Tesco has showed a tentative recovery in its key home market and is starting to move onto a stronger footing.

Ferrero in bid to expand chocolate empire

2015-06-22 15:12

Ferrero, the maker of Nutella spread, has offered to buy British chocolate company Thorntons for £112m, a rare acquisition by the Italian group.

Nestlé cuts 15% of its Africa workforce

2015-06-17 11:00

Nestlé SA is cutting 15% of its workforce in 21 African countries because it says it overestimated the rise of the middle class, according to a report.

SA grocery sector faces competition probe

2015-06-12 19:50

The Competition Commission will probe South Africa’s four large supermarket chains, their effect on small retailers and the impact of their long-term exclusive leases with landlords.

Sainsbury's sales fall for sixth quarter

2015-06-10 12:45

British supermarket Sainsbury's has posted a sixth straight quarter of declining underlying sales as a fierce price war and record deflation hurt the industry.

Richemont invites LVMH to join luxury retail website

2015-06-08 15:00

Richemont chairperson Johann Rupert has invited LVMH Moet Hennessy Louis Vuitton and Gucci owner Kering to join in an attempt to build a luxury retail website.

Nestlé SA pulls Maggi noodles off Indian shelves

2015-06-05 19:47

Nestlé SA will pull its Maggi instant noodles from stores across in India after regulators' reports that some packs contained excess lead.

Brait's new buy New Look posts big profit rise

2015-06-04 17:34

British budget clothes retailer New Look, has snapped up last month by African investment heavyweight Brait SE, posted a big jump in full-year profit.


Edcon asks bondholders to take loss

2015-06-30 20:07

Edcon has asked holders of the company’s €425m of 2019 bonds to take a loss on their investment as the company seeks to shore up its finances.

Bounty Brands shows strong growth

2015-06-26 20:06

Bounty Brands has acquired a further two new businesses with combined revenues of R440m, bringing Bounty’s total revenues to over R1bn.

Famous Brands acquires 51% stake in Retail Group

2015-06-23 08:50

Famous Brands has acquired a 51% controlling stake in Retail Group, its master licence partner in Botswana, marking a new thrust in its Africa growth programme.

Retail sales rise in April

2015-06-17 18:28

Retail sales grew 3.4% year-on-year in April, Statistics SA says.

Wal-Mart has $76bn in overseas tax havens - study

2015-06-17 07:44

All of Wal-Mart’s roughly 3 500 stores in South Africa, China, Central America, the UK, Brazil, Japan and Chile appear to be owned through units in tax havens, a new study shows.

Big four UK grocers share of market to fall 4%

2015-06-11 09:45

Britain's four biggest grocers, Tesco, Asda, Sainsbury's and Morrisons, will lose 4% of their market share by 2020 as fast growing discounters continue to expand.

Frustrated retailers turn to Europe for growth

2015-06-10 09:37

Amid a lack of acquisition opportunities at home, SA retailers are bypassing the potential of Africa’s growing middle class and targeting European consumers instead.

India wants damages from Nestlé over noodles

2015-06-07 13:02

India's government has filed for damages from food group Nestlé after a food scare involving reports of excess lead in Maggi noodles.

Morrisons meeting shines light on empty shelves

2015-06-05 17:00

One of the biggest problems facing Morrisons' new boss as he attempts to turn around the UK supermarket was highlighted at its annual shareholder meeting.

Tesco to offer unsold food to British charities

2015-06-04 12:40

Britain's biggest supermarket chain Tesco is to introduce a pilot scheme at 10 of its UK stores to give away each day's unsold food to charities.

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