Fresh & Easy
The convenience channel has become a source of growth for larger grocers in a number of markets. Even in the US, home of the big-box store,...
Ron Burkle, the US billionaire investor who is to take on the bulk of Tesco's US Fresh & Easy arm, has said he believes the loss-making busi...
After six years of losses, there will be a sense of relief that Tesco has secured a deal to exit the US. However, the agreement with Yucaipa...
Confirmation that Tesco is in joint venture talks with China Resources Enterprise highlights a mounting trend in the FMCG sector. Internatio...
Wal-Mart has announced a notable push into the US organic food category with plans to list a range of products under the recently-revived Wild Oats brand.
Tesco's US venture Fresh & Easy has filed for Chapter 11 bankruptcy as part of its agreement to sell part" of its business to investment fund Yucaipa.
Danone was this week under scrutiny in China amid claims local staff bribed hospitals to promote its baby food products in the country. The allegations are the latest blow to the reputation of Western firms in China following price fixing on formula and the Fonterra botulism saga. The stories will not harm the reputation of China's dairies and, this week, one processor, China Huishan Dairy Holdings Co., launched a successful IPO in Hong Kong.
Tesco grabbed the headlines last week after signing an agreement with Yucaipa for its US stores, bringing an end to its failed venture across the Atlantic. Amongst other retailers, Morrisons insisted the "space race" among major UK grocers was "well and truly over" as it released its latest sales and earnings figures. Elsewhere, just-food spoke with Boulder Brands CEO Stephen Hughes about its buoyant gluten-free business. Here is a selection of quotes from last week's news and insight.
Tesco finally drew a line under its failure in the US with a deal to offload its Fresh & Easy business to investment fund Yucaipa. The detail of the agreement, however, was a rather apt way to end the venture. UK rival Morrisons announced lower half-year sales and profits but a capex cut cheered the City. Elsewhere, we analysed New Zealand's attempt to restore the reputation of its dairy industry after the Fonterra botulism saga, while we interviewed the CEO of US gluten-free firm Boulder Brands.
Tesco has finally drawn a line under its failed US venture with the announcement the sale of much of its business in the market has been sold.
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