MALAYSIA: Officials block openings of new hypermarkets
The Malaysian government has officially implemented a temporary freeze on all applications to open new hypermarkets in the country, a move hinted at by Domestic Trade and Consumer Affairs Minister Muhyiddin Yassin earlier this month.
Muhyiddin revealed late on Wednesday that the move was to protect smaller retailers from the competition of larger multinational companies.
The freeze, which is effective immediately, means that local authorities will not consider any applications from local and foreign hypermarket operators to open new stores or expand existing ones
Foreign retailers have been moving into Malaysia rapidly in recent years, a move spearheaded by French retailing behemoth Carrefour.
To read Muhyiddin's initial comments on this move, click here.
To become a full member of just-food.com, click here.
Retailers are expanding ever further, and food manufacturers are becoming more and more multinational. Expansion can bring increased profits, not just through higher sales but also more efficient sour...
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...
French retail giant Carrefour has denied newspaper claims that it has been holding talks with US titan Wal-Mart....
Carrefour of France is the top foreign retailer in China, measured by sales during the first half of the year, according to a Chinese Ministry of Commerce survey quoted by the Dow Jones news agency....
A judge in Buenos Aires province has imposed an embargo of more than 150m pesos (US$52.4m) on French retailer Carrefour in favour of provincial tax authorities, according to the Dow Jones news agency....
French based supermarket chain Carrefour has announced a rise in sales of 4.1% to €20.4m in the second quarter of 2005....
French supermarket chain plans to buy French low-cost supermarket Penny Market from Germany's Rewe, while selling catering supplies group Prodirest to transGourmet, a joint venture between Rewe and S...
French supermarket Carrefour has acquires 10 hypermarkets in the Sao Paulo area from Sonae, it said today (Thursday)....
- Focus: Nestle CEO plan to balance sales, earnings
- Does Kraft Heinz want to swallow Unilever whole?
- Will Kellogg's DSD exit help it grow in US snacks?
- Comment: Meal kits in US - don't believe the hype
- Is Mondelez's margin target hurting sales?
- Nestle plans restructuring as 2016 profit misses
- Danone eyes efficiency, agility with new structure
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz returns to organic growth, ups margins
- Aryzta CEO, CFO resign amid strategic review