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.

Woolworths gets nod for Country Road buy-out

2014-07-25 09:17

Woolworths has received approval from the Australian Foreign Investment Review Board for its takeover offer for the remaining shares in Country Road.

Impact of CT Fashion Week wider than catwalk

2014-07-24 19:04

The economic impact of Cape Town Fashion Week goes beyond the catwalk, SA Tourism CEO Thulani Nzima tells Fin24..

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.


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.

Hershey warns of chocolate price hike

2014-07-25 09:37

Hershey, one of the world's best known names in chocolate, expects its first price hike in three years to crimp short term sales.

SA could have plain cigarette packaging soon

2014-07-24 19:16

South Africa aims to force cigarette companies to sell products in plain packets by next year, says Health Minister Aaron Motsoaledi.

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.

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