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BRICs 'n beyond: Carrefour takes chance on Africa

French retail giant Carrefour has announced plans to expand further into Africa through a joint venture with consumer goods distributor CFAO...

Comment: Wal-Mart outlines prudent expansion plans

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...

Talking shop: Wal-Mart's African debut

South African competition regulators yesterday (31 May) approved Wal-Mart's acquisition of a majority stake in local retailer Massmart. Katy...

Sun rises on Wal-Mart's South African venture

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...

Latest News

Quote, unquote: just-food's week in words 17 Apr 2014

Hannah Abdulla

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.

Massmart CEO Pattison steps down 14 Apr 2014

Hannah Abdulla

South-African retailer Massmart has announced the resignation of its CEO Grant Pattison.

Massmart to open seven value stores in 2014 17 Mar 2014

Hannah Abdulla

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).

Former Tesco exec Russo named Asda CFO 27 Nov 2013

Dean Best

Asda has named former Tesco executive Alex Russo as it new CFO.

Massmart H1 profit dips despite sales gains 22 Aug 2013

Katy Askew

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.

Latest blogs

How Nestle plans to grow in Nigeria 6 May 2014

Hannah Abdulla

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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