BWG Group, which manages the Spar franchise in Ireland, announced that SPAR South Africa is to invest €55 million in a joint venture with the its management team to acquire the BWG group of companies.
Dairy Farm International Holdings Ltd., an operator of supermarkets and retail stores, is buying a 20-per-cent stake in Yonghui Superstores Co. for 5.69 billion yuan ($925 million) as it seeks to tap China’s growing market.
Morrisons has introduced a new charge to suppliers to cover the expense of approving its own-label products and thus make certain that it is in line with EU and UK law.
The Co-Operative Group Ltd., the British customer-owned retailer, plans to the number of board members in half in an overhaul of its corporate governance after posting a £2.5 billion ($4.2 billion) loss in 2013.
Metro has agreed to sell 19 Vietnamese stores to a Thai distributor as the German retailer withdraws from the country, part of its strategy to sharpen its focus and invest in improving performance elsewhere.
Trading profit in Kerry Group's Consumer Foods division fell by 2.4% to €62 million, according to the group's H1 Interim Management Statement, issued this morning.
Irish retailer SuperValu has said that it is 'not involved in a boycott of Israeli products', after reports indicated that the retailer had written to its staff advising them to withdraw certain Israeli products from its shelves.
Coles has appointed former Victorian Premier, Jeff Kennett, as an independent arbiter to oversee a new Supplier Charter and help resolve commercial disputes.
Wal-Mart Stores Inc., the world’s largest retailer, redesigned its website to be more compatible with tablets and mobile devices as it competes for shoppers with online rivals such as Amazon.
Nestlé USA has informed employees that it will no longer manufacture its Hot Pockets brand sandwiches at a Chatsworth, CA facility that has made them since 1988.
Aldi has become Britain’s sixth biggest supermarket overtaking upmarket British food retailer Waitrose, which has just admitted its sales look set to be below expectations this year.
Since the introduction of the supermarket format more than 80 years ago, its development has been a one-way tale of growing dominance to the point where Tesco boasted it accounted for one pound in every seven spent in the UK
