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

17 Apr 2014

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 AFRICA: Massmart CEO Pattison steps down

14 Apr 2014

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

NIGERIA: Massmart to open seven value stores in 2014

17 Mar 2014

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).

just-food's 2014 outlook: International retailers continue to bring focus home

30 Jan 2014

The world of international food retail has undoubtedly got a little less international in recent years and 2014 looks likely to see the big guns continue to take an empire-building breather and sort out their troubled home markets while undertaking only modest overseas activities. Glynn Davis reports.

On the move: the challenge of revitalising Wal-Mart

4 Dec 2013

Doug McMillon may have followed Mike Duke's path at Wal-Mart with the move from head of international to the CEO's office and, in some ways, he has some foundations on which to build the next stage of the retailer's growth. But he faces some significant challenges ahead.

UK: Former Tesco exec Russo named Asda CFO

27 Nov 2013

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

S AFRICA: Massmart H1 profit dips despite sales gains

22 Aug 2013

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.

Editor's choice: the highlights on just-food last week

19 Aug 2013

Fonterra again dominated the headlines as it grappled with the fall-out of the botulism scare. Import bans mounted and a senior executive resigned. Elsewhere, Heinz announced its first cuts since the takeover of the business, Campbell Soup Co. announced talks to sell a clutch of European assets and US group Pinnacle Foods snapped up Unilever's Wish-Bone dressings business.

KENYA: Wal-Mart's Massmart coy over link to retailer Naivas

13 Aug 2013

South African retailer Massmart, in which Wal-Mart owns a majority stake, has remained coy over a claim it is looking to buy a majority stake in Kenyan retailer Naivas.

S AFRICA: Massmart H1 sales up but slowing

11 Jul 2013

Sales at South African retailer Massmart, majority-owned by Wal-Mart, increased almost 9% in the first half of its financial year, although growth slowed throughout the period.

BRICs and beyond: Carrefour takes chance on Africa

11 Jun 2013

French retail giant Carrefour has announced plans to expand further into Africa through a joint venture with consumer goods distributor CFAO. The deal will see it develop stores across eight countries and represents a new signal of intent from the world's second largest retailer as it looks to place an early marker down in what is becoming a fast growing emerging market. Michelle Russell takes a closer look.

S AFRICA: Massmart growth "steady", warns on margin growth

22 Nov 2012

South African retailer Massmart Holdings said its growth remained "steady" in the 20 weeks to 11 November but warned on margins for the second half.

Comment: Wal-Mart outlines prudent expansion plans

11 Oct 2012

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 equates to a cut in capex spending and the US retail giant wisely has said it plans "to do more with less".

UPDATE: UK: Chocolate firm Thorntons eyes North America

12 Sep 2012

UK confectioner Thorntons has included North America in its target markets overseas after reviewing international opportunities for the business.

S AFRICA: Thorntons signs Massmart supply deal

10 Sep 2012

UK confectioner Thorntons has signed a deal to supply its products to South African retailer Massmart.

S AFRICA: Massmart reports jump in FY profits

23 Aug 2012

South African retailer Massmart has booked an increase in annual profits on the back of improved sales.

S AFRICA: Massmart in advanced talks to enter Kenya

11 Jul 2012

South African retailer Massmart Holdings has confirmed it is in talks to open its first store in Kenya.

S AFRICA: Retailer Massmart reports FY sales increase

5 Jul 2012

South African retailer Massmart Holdings has posted a near 16% increase in annual sales on the back of robust underlying sales and the acquisition of stores owned by local cash-and-carry rival Rhino.

SOUTH AFRICA: Massmart shares hit as sales disappoint

9 May 2012

Shares in Massmart Holdings continued their descent today (9 May) after sales gains in the first nine months of the South African retailer's financial year missed expectations and it announced a slew of management changes.

S AFRICA: Wal-Mart's Massmart investment cleared

12 Mar 2012

A court in South Africa has dismissed an appeal from the country's government for Wal-Mart Stores' acquisition of a controlling stake in local retailer Massmart Holdings to be reviewed.

S AFRICA: Retailer Massmart reports higher H1 profits

22 Feb 2012

Massmart, the South African retailer in which Wal-Mart Stores owns a 51% stake, has posted higher half-year profits.

US: Margin fears hit Wal-Mart shares

21 Feb 2012

Shares in Wal-Mart Stores fell today (21 February) after the retail giant admitted price cuts in the US had led to lower margins from its local operations in the last quarter of its financial year.

S AFRICA: Retailer Massmart H1 sales up 15%

13 Jan 2012

South African retailer Massmart has reported a 15% increase in half-year revenue, with sales up across its formats.

S AFRICA: Wal-Mart deal costs hit Massmart profits

25 Aug 2011

South African grocery retailer Massmart has posted a drop in first-half profits on the back of costs from the sale of a majority stake in the business to Wal-Mart Stores.

S AFRICA: Pick n Pay appoints van Rensburg to lead "transformation"

17 Aug 2011

South African retailer Pick n Pay has named Richard van Rensburg deputy CEO as the retailer looks to transform itself into a "world-class retailer".

S AFRICA: Date set for court appeal over Wal-Mart's Massmart deal

4 Aug 2011

The South African government and labour unions are to voice their concerns over Wal-Mart Stores' purchase of a majority stake in Massmart, through an appeal court hearing in October.

S AFRICA: Government calls for Wal-Mart to increase supplier fund

29 Jul 2011

The South African government is reportedly calling for Wal-Mart Stores to improve the supplier development fund the company said it would set up after securing approval to buy 51% of local retailer Massmart.

S AFRICA/US: Wal-Mart to stock Oceanfresh hake fillets

25 Jul 2011

South African seafood processor Oceanfresh has announced that its hake fillets will be sold in some Wal-Mart Stores outlets in the US from October.

S AFRICA: Calls for government review of Wal-Mart deal

21 Jul 2011

Three South African government departments are seeking a review of the Competition Tribunal's decision to approve Wal-Mart's acquisition of a stake in local retailer Massmart.

S AFRICA: Massmart confirms plans to acquire Fruitspot

12 Jul 2011

Massmart has confirmed plans to acquire South African fruit and vegetable supplier The Fruitspot.



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