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.

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.


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.

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.

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