Croatian retailer Agrokor is set to take control of Slovenia's largest food retailer Mercator on Friday in a deal worth 323.8 million euros, ending a long-running saga which involved a 1 billion euro ($1.36 billion) debt restructuring.
Australian wholesaler and distributor of groceries and hardware products Metcash Limited (Metcash) has announced its results for the 2014 financial year, with an underlying $250.1 million profit, a decrease of 10.9 per cent on the prior year.
Wal-Mart Stores Inc., the world’s largest retailer, named 13 executives to its U.S. merchandising operations, marking the latest shake-up since Chief Executive Officer Doug McMillon took the reins in February.
Belgian supermarkets group Delhaize has appointed the former president of retail operations of U.S. grocery group SUPERVALU as the head of Delhaize America after a nine-month search.
Struggling British supermarket chain Morrisons has unveiled its latest set of price cuts on staple shopping items as it attempts to claw back market share.
UK supermarket chain Sainsbury's has entered into a deal with Danish discount grocery chain Netto, in what appears to be a bid to take on their discount rivals such as Lidl and Aldi.
Metcash has hired a former Woolworths and Coles senior executive, Peter Pokorny, to improve its fresh food offer as part of a five-year transformation plan.
Kroger Co., the largest U.S. supermarket chain, rose the most in two years after saying profit this year will be more than previously forecast, helped by increased sales from the purchase of Harris Teeter.
British grocer J Sainsbury has teamed up with Denmark's Dansk Supermarked to bring the Netto brand back to the UK and take on fast-growing German discount chains Aldi and Lidl at their own game.
Wal-Mart Stores Inc's Canadian business named Dirk Van den Berghe as its chief executive, effective Aug. 1, as it looks to strengthen its food business in the country.
Food retailer Smart & Final Stores Inc, backed by private equity firm Ares Management LP, filed with U.S. regulators on Friday to raise up to $100 million in an initial public offering of its common stock.
Morrisons, Britain's No. 4 grocer, has fired the latest salvo in a growing price battle with rivals, launching another round of cuts on 135 basic products.
Fresh & Easy on Thursday unveiled a new marketing campaign positioning the chain as “a new kind of market” built around convenient and affordable healthy food for modern consumers.
ConAgra Foods Inc., the packaged- food company that owns Chef Boyardee and Healthy Choice, said earnings missed its forecast amid slow sales of consumer foods and shrinking profit at its private-label business.
