Food and Beverage Food and Staples Retailing

  • Pedestrians walk past a sign for McDonald's in Shanghai, China.

    Citic Group and Carlyle have appeared as the leading contenders to secure the acquisition of the McDonald's China franchise, according to the FT.

  • Dec 1- Discount retailer Dollar General Corp reported a surprise drop in third-quarter comparable sales, largely due to lower grocery prices and a reduction of food stamp coverage in several U.S. states. The company's shares were down 4.3 percent at $74 in light premarket trading on Thursday. The company's net income fell to $235.3 million, or 84 cents per share,...

  • PARIS, Nov 30- France's AMF stock market watchdog is in the midst of a formal investigation into criticism made by U.S. research firm Muddy Waters against French retailer Casino which should last a few more months, a source close to the matter said on Wednesday. In December 2015, Muddy Waters had criticized Casino's accounting practices, saying the supermarket...

  • LONDON, Nov 29- British supermarket chain Iceland Foods is sending a delegation to "The Land of Fire and Ice" in an effort to resolve a legal dispute over the trademark registration of the word "Iceland". Iceland Foods, whose 22,000 employees would be equivalent to almost 7 percent of Iceland the country's population, said it was urgently seeking a meeting after the...

  • LONDON, Nov 29- British supermarket chain Iceland Foods is sending a delegation to "The Land of Fire and Ice" in an effort to resolve a legal dispute over the trademark registration of the word "Iceland". Iceland Foods, whose 22,000 employees would be equivalent to almost 7 percent of Iceland the country's population, said it was urgently seeking a meeting after the...

  • LONDON, Nov 29- British supermarket chain Iceland Foods is sending a delegation to "The Land of Fire and Ice" in an effort to resolve a legal dispute over the trademark registration of the word " Iceland." Iceland Foods, whose 22,000 employees would be equivalent to almost 7 percent of Iceland the country's population, said it was urgently seeking a meeting after the...

  • LONDON, Nov 29- British supermarket chain Iceland Foods is sending a delegation to "The Land of Fire and Ice" in an effort to resolve a legal dispute over the trademark registration of the word " Iceland." Iceland Foods, whose 22,000 employees would be equivalent to almost 7 percent of Iceland the country's population, said it was urgently seeking a meeting after the...

  • Nov 22- Two executives of Costco Wholesale Corp may have sought kickbacks from drug makers in violation of Ontario law, an industry regulator in the Canadian province has found as it advances a probe into the retailer's pharmacy business. The Ontario College of Pharmacists launched an investigation into the executives for alleged misconduct after a former...

  • HONG KONG, Nov 18- China's e-commerce giant Alibaba Group Holding Ltd plans to invest 2.1 billion yuan in supermarket chain Sanjiang Shopping Club Co Ltd to further expand its retail presence. Sanjiang said announcements it had made about Alibaba's investment had prompted the Shanghai stock exchange to ask whether Alibaba will ultimately seek control.

  • JOHANNESBURG, Nov 18- South Africa's Dis-Chem plans to double in size over the next five years its chief executive said on Friday, as the drug store chain made its debut on the Johannesburg bourse. The company braved uncertain equity markets in South Africa's second largest listing this year after food services group Bidcorp, which made its debut in May at a...

  • JOHANNESBURG, Nov 18- South African drug store chain Dis-Chem made its debut on the Johannesburg bourse on Friday, giving its founders a chance to partially cash in on their investment and bring a rival to the main pharmacy merchant on the bourse. Founded by Chief Executive Ivan Saltzman and his wife Lynette, Dis-Chem has grown from a start-up in 1978 to a major...

  • JOHANNESBURG, Nov 18- South African drug store chain Dis-Chem made its debut on the Johannesburg bourse on Friday, with its shares opening at 23.26 rand and valuing it at around 20 billion rand. Founded by chief executive Ivan Saltzman and his wife Lynette, Dis-Chem is tapping an uncertain equity market as it looks to take on larger rival Clicks Group and...

  • LONDON, Nov 17- Asda, the British supermarket arm of U.S. giant Wal-Mart, reported another sharp drop in quarterly underlying sales on Thursday, highlighting the pressure on its new boss to turn around the sector laggard. Asda, Britain's third biggest supermarket behind Tesco, Sainsbury's and ahead of Morrisons, has been hit by the advance of German discounters...

  • LONDON, Nov 17- Asda, the British supermarket arm of U.S. giant Wal-Mart, reported another sharp drop in quarterly underlying sales on Thursday. The grocer, which brought in a new chief executive in July, said sales at stores open over a year, excluding fuel, fell 5.8 percent in the three months to end September, its ninth straight quarter of decline.

  • "We lowered prices and consumers responded," Executive Chairman Galen Weston said in a statement. Loblaw, which sells everything from grocery to wireless mobile products, said revenue climbed 1.4 percent to C $14.14 billion in the third quarter ended Oct. 8, edging past the average analyst estimate of C $14.12 billion, according to Thomson Reuters I/B/E/S.

  • *Prime customers in and around London offered same-day delivery. LONDON, Nov 16- British supermarket Morrisons has launched a new service offering Amazon customers same-day deliveries of goods from its stores, deepening the relationship between the two firms but hitting shares in online grocer Ocado. The new "Morrisons at Amazon" service, launched on...

  • Nov 16- Canadian grocery and pharmacy retailer Loblaw Cos Ltd reported a 25.5 percent rise in quarterly profit, helped by a drop in expenses and improved performances by its financial services and property businesses. Adjusted net earnings attributable to shareholders rose to C $512 million, or C $1.26 per share, in the third quarter ended Oct. 8, from C $408...

  • LONDON, Nov 15- Tesco's sales are rising at the fastest pace for three years, industry data showed on Tuesday, signalling the recovery at Britain's biggest supermarket group is gathering pace. Shares in the company climbed as much as 4 percent after market researcher Kantar Worldpanel said Tesco's sales grew by 2.2 percent year-on-year in the 12 weeks to Nov. 6,...

  • LONDON, Nov 15- Britain's biggest supermarket Tesco saw sales grow at their fastest rate in three years in its most recent trading period, industry data showed on Tuesday, consolidating its return to market share growth and sending its shares higher. Market researcher Kantar Worldpanel said Tesco's sales grew by 2.2 percent year-on-year in the 12 weeks to Nov. 6,...

  • LONDON, Nov 15- Sales at Britain's biggest supermarket chain Tesco grew at their fastest rate in three years in its most recent trading period, industry data showed on Tuesday, consolidating its return to market share growth last month. Market researcher Kantar Worldpanel said Tesco grew sales by 2.2 percent year-on-year in the 12 weeks to Nov. 6, boosting its...