Food and Staples Retailing Food Retail


  • SEOUL, Sept 8- In a new Samsung Electronics Co ad, a mysterious monk strides through a supermarket to a hip-hop beat using his staff to wizard groceries into a cart. Since its Aug. 20 launch in South Korea, Samsung says the service is beating internal expectations by averaging 25,000 new users and more than $620,000 in transactions per day. The world's top smartphone...

  • Sept 8- Justin King, the former chief executive of British supermarket chain operator J Sainsbury Plc, is joining Guy Hands' Terra Firma Capital Partners as vice chairman, the UK private equity firm said. King, who is credited with reviving Sainsbury's fortunes and firming up its position as one of the top four grocers in the UK, stepped down as Sainsbury's CEO last...

  • Amazon jumps into restaurant delivery in Seattle Tuesday, 8 Sep 2015 | 9:22 AM ET
    Seattle, Washington. said on Tuesday it will begin offering its own restaurant delivery service to Prime members in Seattle.

  • Sept 8- UK private equity firm Terra Firma Capital Partners said it appointed Justin King, the former chief executive of British supermarket chain operator J Sainsbury Plc, as vice chairman and head of its portfolio businesses. He has since taken up advisory roles at some private companies and even lead the review of safety practices at holiday company Thomas...

  • LONDON/ SEOUL, Sept 7- Tesco is selling its South Korean arm to a group led by private equity firm MBK Partners for $6.1 billion, it said on Monday, as the British supermarket retreats from foreign markets to focus on reviving its troubled domestic business. The sale of Homeplus, its largest overseas asset, represents the first large divestment by Tesco boss Dave...

  • LONDON/ SEOUL, Sept 7- Britain's Tesco has agreed to sell its South Korean business to a group led by private equity firm MBK Partners for $6.1 billion, the supermarket company said on Monday, making its first major disposal since it hit financial difficulties. Seeking to raise funds to cut debt and focus on its troubled domestic business, Tesco said it would sell...

  • LONDON, Sept 7- Associated British Foods maintained its full-year earnings forecast on Monday, as progress at budget retailer Primark and in its grocery, ingredients and agriculture businesses helps to offset declines in its sugar unit and a currency hit. The low-cost fashion retailer is targeting expansion in the U.S., Spain, France and Italy to fuel future...

  • China warns against dark side of the mooncakes Sunday, 6 Sep 2015 | 10:16 PM ET

    Chinese media are not allowed to carry advertising which uses "extravagant wording" to promote gifts as the mooncake season approaches.

  • *FTSE 100 up 1.4 pct, slightly outperforms Europe. *Battered miners Glencore, Anglo American stage rebound. The FTSE 100 blue-chip index, which is due to be reshuffled on Sept. 21 to include housebuilder Berkeley Group and drop Weir Group, was up 1.4 percent at 6,169.22 points at 1103 GMT, slightly outperforming the FTSEurofirst 300 index, up 1.3 percent.

  • SEOUL/ HONG KONG, Sept 2- Tesco has picked private equity firm MBK Partners as preferred bidder to buy its South Korean unit for as much as $6.6 billion, sources said, as the British supermarket retreats from overseas and focuses on revitalising its domestic business. In what would be the largest-ever private equity deal in Asia, MBK bid around 7.8 trillion won, one...

  • Date night: Ice cream, condoms? 7-Eleven delivers Wednesday, 2 Sep 2015 | 10:44 AM ET
    7 Eleven offering delivery service

    7-Eleven plans to deliver packages designed for date night, hangovers and other situations, the Chicago Tribune reports.

  • So, anybody wanna buy a viral potato website? Friday, 28 Aug 2015 | 1:44 PM ET
    A potato message from

    Alex Craig is auctioning off Potato Parcel, a website that ships potatoes around the country.

  • Lawsuit over Whole Foods baked goods deemed half-baked Thursday, 27 Aug 2015 | 3:58 PM ET

    District Judge Joseph Irenas in Camden, New Jersey on Wednesday said claims against Whole Foods, Wegmans Food Markets Inc and Acme Markets Inc were too vague, because the plaintiffs did not show they overpaid for specific goods in response to specific signs or advertising from the defendants. Shoppers complained that the grocers sold frozen, pre-made, and...

  • SINGAPORE, Aug 27- Singapore state investor Temasek Holdings Ltd has partnered Asia- focused private equity firm MBK Partners to bid for the South Korea arm of British supermarket operator Tesco PLC, two people familiar with the matter told Reuters. It is vying against Carlyle Group LP and a consortium comprising Affinity Equity Partners and KKR& Co, Reuters...

  • Coffee Bean: We're in China for the long term Tuesday, 25 Aug 2015 | 9:46 PM ET
    Coffee Bean: We're in China for the long term

    Jeff Schroeder, senior vice president of operations at The Coffee Bean & Tea Leaf, is not worried about the slowdown in China as the U.S. coffee chain looks to expand into the mainland market.

  • Hampton Creek's Just Mayo isn't mayo: Regulators Tuesday, 25 Aug 2015 | 12:49 PM ET
    Just Mayo by Hampton Creek

    The Food and Drug Administration issued a warning letter to Hampton Creek, citing several alleged violations for its Just Mayo product.

  • Still slow in US north-east: Ahold CEO Thursday, 20 Aug 2015 | 2:05 AM ET
    Still slow in US north-east: Ahold CEO

    Dick Boer, CEO of Ahold, said that despite some slowdowns in America’s north-east he sees improvements coming through in the U.S. market.

  • This guy makes $10,000 a month shipping potatoes Wednesday, 19 Aug 2015 | 6:00 PM ET
    A potato message from

    24-year-old Alex Craig is making some serious cash shipping potatoes around the country.

  • Aug 18- Wal-Mart Stores Inc reported weaker quarterly earnings and lowered its annual forecast on Tuesday, as it copes with higher labor costs, a squeeze on pharmacy margins and sliding sales at its British supermarket chain. Net profit attributable to Wal-Mart fell to $3.48 billion, or $1.08 per share, in the second quarter ended July 31, from $3.92 billion, or...

  • *Worst quarterly sales outcome under Wal-Mart ownership. *CEO Andy Clarke says he's staying. LONDON, Aug 18- Supermarket operator Asda, the UK arm of Wal-Mart, has suffered its worst quarterly sales performance in the 16 years it's been owned by the U.S. group, with results on Tuesday highlighting its struggles in the face of an onslaught from discounters.