SEOUL/ SINGAPORE, April 19- South Korea's Lotte Shopping is pulling out of French retailer Casino's auction of its Big C Vietnam supermarket chain, people familiar with the matter said on Tuesday. A spokesman for Lotte Group, which controls Lotte Shopping, declined to comment. One of the sources said that Lotte was not keen to bid aggressively for Big C Vietnam,...
The fast food chain rewards loyal customers with an invitation only app.
EDINBURGH, April 16- CVC Capital Partners, Qatar's QIA and Canada's Brookfield have abandoned a secret plan to bid for British supermarket group J.Sainsbury plc, Sky News reported on Saturday. The report could not immediately be verified. Sky said the trio had dropped a planned takeover, hatched in the autumn, after Sainsbury's made a 1.4 billion pound bid for...
The CEO of Shake Shack told CNBC on Friday that he isn't too picky when it comes to one of America's favorite comfort foods.
CNBC's Kate Rogers speaks with Shake Shack founder Danny Meyer's to get his reaction to Chipotle's planned expansion into the burger game, as well as his thoughts on North Carolina's controversial bathroom bill.
April 15- Grocery chain operator Fairway Group Holdings Corp has reached a tentative deal with creditors to restructure its debt in bankruptcy, Bloomberg reported, citing people familiar with the matter. Specific terms of the deal, including the size of the financing and whether store lease contracts for underperforming stores will be kept, are still under...
It was 61 years ago on April 15, 1955 Ray Kroc opened his first McDonald’s in Des Plaines, Illinois. Kroc bought the restaurant from brothers Richard and Maurice McDonald for $2.7 million in 1961.
Protesters calling for pay of $15 an hour and a union will be at McDonald's stores around the country Thursday.
The fast food chain plans to sell 2,800 restaurants in China, Honkg Kong and South Korea.
Trader Joe's has been dethroned as America's favorite grocery store. Instead, this year, another grocer took the crown.
*First quarterly rise in underlying UK sales for 3 years. LONDON, April 13- Tesco, Britain's biggest retailer, warned a supermarket price war meant profit growth would be hard to deliver this year despite a sales recovery picking up pace. Hammered by changing shopping habits, the rise of German discounters Aldi and Lidl, and an accounting scandal, Tesco reported a...
Wal-Mart is expanding free curbside pickup of groceries into eight new cities this month.
*Tesco's UK sales have started to grow again. LONDON, April 13- Tesco, Britain's biggest retailer, said on Wednesday its recovery was gaining pace but warned a supermarket price war meant profit growth would be hard to deliver this year. The company, hammered by an accounting scandal and the rise of German discount chains, reported a first rise in underlying annual...
U.K. supermarket Tesco returned to sales growth in its fiscal fourth quarter. Sven Reinke, vice-president and Senior Credit Officer at Moody’s, explores the results.
LONDON, April 7- The chief executive of Britain's Co-Operative Group will take a 60 percent pay cut as his workload has eased since the supermarkets-to-funerals group overcame a financial crisis two years ago, the mutual said on Thursday. In a statement, it said CEO Richard Pennycook had requested the pay cut, which will see his basic pay drop to 750,000 pounds for...
The fast-casual chain inks a 10-year lease at New York City's transportation hub.
Tony Shiret, senior food and retail analyst at Haitong, says Marks & Spencer’s new CEO Steve Rowe will be the “right guy” to run the company.
Using consumer data, Starbucks designed its new grocery store product line to complement the way its customers order in its own stores.
The retail gaint sets a deadline for switching to a cage-free egg supply chain.
Wal-Mart, the largest grocer in the United States, said it would require that its egg suppliers adopt an industry standard for treatment of hens by 2025 and have their compliance monitored by a third party. The new guidelines will apply to the discount retailer's more than 5,000 stores in the United States, including its Sam's Club warehouse chain.