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Aeon slashes profit forecast JAPAN: Aeon warns on competitive intensity, slashes forecasts

17 March 2014

Japanese retail giant Aeon has slashed its earnings estimates for the financial year to end-February, citing competitive pressures in the tough Japanese supermarket sector.

Talking shop: Aeon responds to domestic challenge with Asia growth

17 March 2014

Japan-based retailer Aeon warned that its full-year 2013 profit is expected to come in well below expectations. The company was hit by weak domestic consumer sentiment in the 12 months to end-February, with efforts to stimulate supermarket sales failing to offset group-wide pressure on revenues. But Aeon management also took the opportunity to outline its medium-term growth priorities. Katy Askew reports.

Talking shop: Tesco faces "difficult decisions" at home and abroad

4 December 2013

Tesco clearly has a lot on its plate. On the one hand, the UK's largest retailer is focused on transforming its domestic business through a capital intensive programme of store refurbishments and a potentially margin-dilutive drive online. On the other, the need to reverse overseas volume declines in order to shore-up international margins is pressing. CEO Philip Clarke is attempting to perform a complex balancing act. Katy Askew reports.

HONG KONG: Hutchison Whampoa takes ParknShop off the block

21 October 2013

Hong-Kong based retail-to-energy conglomerate Hutchison Whampoa has dropped plans to auction its ParknShop supermarket business.

JAPAN: H1 losses at retailer Daiei widen

3 October 2013

Japanese retailer Daiei has seen its net losses widen in the first half of its financial year.

HONG KONG: "Four bidders" remain in ParknShop race

9 September 2013

Four bidders reportedly remain in the race to acquire Hong Kong retailer ParknShop - with regional retailers and private-equity firms said to be out of the running.

HONG KONG: Charoen Pokphand "in running for ParknShop"

2 September 2013

Thailand's Charoen Pokphand Group, the owner of Thai retailer CP All, has reportedly submitted a first-round bid for Hong Kong based supermarket ParknShop.

HONG KONG: KKR, TPG "dropped" from ParknShop auction

28 August 2013

Private-equity bidders KKR & Co. and TPG Capital Management have reportedly been dropped from the auction process to acquire Hong Kong supermarket chain ParknShop.

UPDATE: CHINA: China Resources "confirms ParknShop bid"

21 August 2013

China Resources Enterprise has reportedly today (21 August) confirmed it has bid for Hong Kong supermarket chain ParknShop.

HONG KONG: "First-round bids" tabled for ParknShop

19 August 2013

The first-round bids have reportedly been made for Hong Kong supermarket chain ParknShop - with regional retailers and private-equity firms said to have tabled offers.

HONG KONG: Wal-Mart silent over ParknShop "interest"

7 August 2013

US retail giant Wal-Mart has remained tight-lipped over reports it is considering placing a bid for one of Hong Kong's leading supermarket chains ParknShop.

Deal or no deal: ParknShop bidders must mull challenges in HK, China

6 August 2013

In ten days time, Hong Kong retail-to-energy conglomerate Hutchison Whampoa will reportedly consider any offers that have come in for ParknShop, its supermarket chain. However, any interested parties need to consider the challenges facing ParknShop, operating in the saturated Hong Kong market and so far not enjoying significant inroads on the mainland.

CHINA: China Resources Enterprise silent over ParknShop "interest"

26 July 2013

China Resources Enterprise has remained tight-lipped over reports it is among retailers looking to place a bid for one of Hong Kong's leading supermarket chains ParknShop.

JAPAN: Aeon launches bid to increase stake in Daiei

25 July 2013

Japanese retailer Aeon has launched its tender offer to more than double its stake in fellow retailer Daiei.

JAPAN: Aeon Q1 earnings climb

10 July 2013

Japanese retailer Aeon has recorded an increase in earnings for the first quarter of its financial year.

JAPAN: Retailer Aeon eyes another FY profit record

15 April 2013

Japanese retailer Aeon has forecast another year of record net income after a near-12% increase over the last 12 months.

JAPAN: Aeon profit slides, outlook affirmed

14 January 2013

Japanese retailer Aeon has reaffirmed its full-year outlook, despite posting a drop in operating profit for the first nine months of the fiscal.

The just-food review of 2012: International food retail highs and lows

18 December 2012

Grocers undoubtedly felt the economic pressures in 2012 with discounters enjoying buoyant growth as a result of an increase in value-seeking consumers. Shoppers' focus on value led to rising online sales and further investment in the channel from the world's food retailers. However, the year was not just about expansion. Some of the world's largest grocers have scaled back overseas, with the trend towards internalisation slowing. Michelle Russell takes a look at the highs and lows for international retailers in 2012.

FRANCE/CHINA: Carrefour denies "partnership" talks with China Resources Enterprise

26 November 2012

French retail giant Carrefour has denied reports it is in talks with Hong Kong-based China Resources Enterprise about a potential partnership deal in the Chinese retail sector.

INDONESIA: Carrefour sells stake in local JV

20 November 2012

Carrefour has sold its stake in its venture in Indonesia, the latest move to refocus its attention on a smaller number of markets worldwide.

Best bits: Carrefour, Premier Foods CEOs press on - but questions remain

5 November 2012

The work the chief executives of Carrefour and Premier Foods - two companies with a lot on their plates - has been welcomed by industry watchers but, writes Dean Best, there are questions hanging over both companies, which had lost their way in recent years.

Editor's choice: the highlights on just-food last week

5 November 2012

Hurricane Sandy, which swept across the eastern part of the US, dominated headlines worldwide this week - and its impact was felt on the food sector. Elsewhere, US bakery giant Hostess Brands warned it may have to close if workers strike, UK food group Premier Foods sold off another brand - Branston pickle - to Japan's Mizkan and the country's food industry made a wide-ranging pledge on palm oil. just-food's insight pages were busy, with an in-depth look (for subscribers only) at the debate on nutrient taxes and an interview with the executive that runs McCormick & Co's business in Europe, the Middle East and Africa.

MALAYSIA: Carrefour sells Malaysian operations to Aeon

31 October 2012

French retail giant Carrefour has sold its Malaysian operations to Japanese giant Aeon.

BRAZIL: Carrefour silent on Atacadão IPO

30 October 2012

French retail giant Carrefour has remained silent on Brazilian reports that it is preparing an initial public offering for its Atacadão wholesale arm in the country.

Editor's choice: the highlights on just-food last week

29 October 2012

A busy but fruitful week for just-food was dominated by the SIAL trade expo in Paris, where thousands of international manufacturers gathered to showcase products and discuss the challenges and opportunities facing them. Elsewhere, the UK unveiled plans to introduce a hybrid nutrition labelling system, Premier Foods plc pledged to "unlock value" from its bread division and French retailers Carrefour and Casino found their international operations in the spotlight.

MALAYSIA: Carrefour tight-lipped over Malaysia "sale talks"

26 October 2012

French retail giant Carrefour has declined to comment on reports it is in talks to sell its Malaysian operations to Japanese giant Aeon.

CHINA: GFSI safety scheme to help exports - China's COFCO

23 July 2012

Taking part in the international Global Food Safety Initiative (GFSI) will help Chinese food group COFCO grow in overseas markets, the state-backed company has said.

INDONESIA: Aeon to launch Ministop in Indonesia

19 July 2012

Japanese retailer Aeon has announced plans to launch its Ministop convenience store network in Indonesia.

JAPAN: Retailer Aeon reports higher Q1 profits

6 July 2012

Japanese retailer Aeon has posted a 9% increase in first-quarter operating profit on the back of improved sales.

UPDATE: JAPAN: Tesco sees "increased focus on rest of Asia" with Japan exit

18 June 2012

Tesco insisted today (18 June) its exit from Japan will enable the business to focus on further developing its operations in the rest of Asia.

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