SOUTH KOREA: Carrefour selects preferred bidders
According to Korean and international reports, the sale of Carrefour's Korean units could generate as much as US$1.53bn for the French retailer.
Lotte Mart is a unit of South Korea's largest department store operator, Lotte Shopping. Samsung Tesco is a joint venture between the Samsung Group and the UK's Tesco.
Buying power is often used by supermarkets to negotiate with their suppliers to get lower prices. These savings can then be passed onto the consumer in terms of price cuts and promotions. But do consu...
As the popularity of strict low-carbohydrate diets appears to be in decline, a more moderate alternative has been building in the consumer consciousness. Already popular in Australia, the Glycemic Ind...
French supermarket Carrefour has acquires 10 hypermarkets in the Sao Paulo area from Sonae, it said today (Thursday)....
Tesco has increased its lead in the UK grocery market, while Sainsbry has also managed to improve its market share, according to the latest figures from market researchers TNS....
French retailer, Carrefour via its operating company, Magnificient Diagraph Sdn Bhd has signed a partnership agreement with Syarikat Pesaka Antah Sdn Bhd, reports the Malaysian news agency Bernama....
Supermarket company Tesco is giving its staff a £220m (US$405m) bonus, thought to be the biggest ever reward handout from a British company, according to the London Evening Standard newspaper....
Luc Vandevelde, supervisory board chairman of French supermarket Carrefour is 'determined' not to let the company become a takeover target, according to the news agency AFX....
A further 35 products have been found to have been made with spices that could be contaminated with an illegal dye, Para Red, according to the Food Standards Agency, which said it had received the inf...
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