French retail giant Carrefour has announced plans to expand further into Africa through a joint venture with consumer goods distributor CFAO...
Wal-Mart, the world's largest retailer, plans to spend an eye-watering $12-13bn on expansion in its next financial year. However, the amount...
South African competition regulators yesterday (31 May) approved Wal-Mart's acquisition of a majority stake in local retailer Massmart. Katy...
Wal-Mart, the world's largest retailer, has received two pieces of good news in its bid to continue its expansion into the world's emerging...
Tesco's full-year results proved disappointing, as expected, and CEO Bill Stritz has said online retailing has played a huge part. Elsewhere first quarter results were out and Co-op saw heavy losses. It has now decided to get rid of some of the Somerfield stores and focus on its convenience offering. There were developments on the Michael Foods acquisition with Post Holdings announcing it had taken over the firm in a US$2.45bn deal. Other acquisitions this week included Daelman's purchase of UK firm Fabulous Bakin' Boys and PE firm Abraaj's acquisition of North African confectioner Kool Foods.
South-African retailer Massmart has announced the resignation of its CEO Grant Pattison.
South African retailer Massmart is set to open seven "low-income" stores in Nigeria during 2014, a spokesperson for the company told just-food today (17 March).
Asda has named former Tesco executive Alex Russo as it new CFO.
An increased contribution from less-profitable food sales and higher expenses hit Massmart's first-half earnings, although the South African retailer grew sales during the six-month period.
Nestle is reportedly planning on upping its presence in Nigeria. In the past six years, the world's largest food manufacturer has injected US$400m into its Nigerian business and has plans to spend $70m this year.
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