TURKEY: Sabanci quashes Carrefour sale rumours
Turkish conglomerate Sabanci Holding has denied reports that it is set to acquire Carrefour's stake in retailer CarrefourSA, the local venture between the two groups.
Sabanci, which has interests in the financial services, energy and automotive sectors, issued the denial in a statement after reports had said it was in discussions to buy Carrefour's shares.
A spokeswoman from Carrefour said that as Sabanci had denied the claims the French retailer had no further comment to make.
At the end of June, the Turkish venture had 239 stores. According to details on Carrefour's website, the venture had 27 hypermarkets and 212 supermarkets.
Consumer trends in the UK dairy market, functional foods and world aseptic packaging forecasts are the sector's featured in this week's just-food research round-up....
Tesco is forecast to grow faster than its three main global rivals, driven by a focus on emerging markets, according to research from IGD....
Carrefour plans to appeal a court ruling that ordered the French retailer to pay damages for "abusive contracts" with suppliers....
The intensely competitive nature of the UK food retail sector came to the fore this week, with Tesco outlining how it believes it can revitalise stagnant sales, Morrisons underlining its plans to deve...
Iceland Foods founder and CEO Malcolm Walker told of his "delight" at purchasing the UK frozen food retailer today (9 March) after months of talks to secure the firm....
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- Column: Kraft Heinz, Unilever and sustainability
- Unilever 'lining up spreads sale'
- UK own-label firm Park Cakes sold in MBO
- Immigration crackdown "risk" for US dairy industry
- BRF plant suspended amid bribery allegations
- Fonterra cuts earnings forecast