Food and Staples Retailing Hypermarkets and Super Centers

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  • *Deal to boost tycoon Charoen's retail presence in Thailand. HONG KONG/ BANGKOK, Feb 7- France's Casino Group has agreed to sell its majority stake in Thai hypermarket operator Big C Supercenter for 3.1 billion euros excluding debt to Thailand's TCC Group, it said on Sunday. Casino announced a 4- billion-euro disposal plan in 2016, including the sale of its...

  • *Thailand's Central Group seen as frontrunner. SINGAPORE/ HONG KONG, Jan 29- French retail group Casino's sale of its Thai and Vietnam units has drawn the eye of Singapore's Dairy Farm International Holdings and South Korea's Lotte Shopping but they'll need punchy bids to go up against deep-pocketed Thai tycoons, bankers said. Central Group, Thailand's biggest...

  • PARIS, Jan 15- Carrefour's sales growth slowed in the fourth quarter, as the Paris attacks in November and mild winter weather weighed on its core business, the French retailer said on Friday. Carrefour's Chief Financial Officer Piere-Jean Sivignon told journalists that the Paris attacks had weighed on its French sales in the quarter, echoing French rival...

  • *Three-quarters of UK stores use tracking technology. LILLE, France/ BERLIN, Nov 12- The strip lights in the hypermarket know where you are- and can tell you where to go. As part of a new loyalty scheme launched last month, for example, Britain's Marks and Spencer is sending promotional text messages to shoppers who are in or near its stores- but only those who have agreed...

  • We're watching you: Carrefour lights have eyes Thursday, 12 Nov 2015 | 8:13 AM ET

    *Three-quarters of UK stores use tracking technology. LILLE, France/ BERLIN, Nov 12- The strip lights in the hypermarket know where you are- and can tell you where to go. As part of a new loyalty scheme launched last month, for example, Britain's Marks and Spencer is sending promotional text messages to shoppers who are in or near its stores- but only those who have agreed...

  • SAO PAULO, Oct 29- GPA SA, Brazil's biggest retailer, posted an unexpected quarterly loss on Thursday due to weak sales, faster inflation and costly layoffs, highlighting the deepening crisis for retailers in Latin America's largest economy. With Brazil's economy suffering its worst recession in 25 years and consumer prices climbing nearly 10 percent in a year,...

  • *Q3 sales 10.684 bln euros vs estimates 10.56 bln euros. *France accelerates sales growth; Brazil, Thailand weigh. The robust French performance helped counter weak consumer electronics demand in Brazil, its second-biggest market by revenue, and the effects of August bombings in Thailand.

  • 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...

  • *Expected to be largest PE deal in Asia. SEOUL/ HONG KONG, Sept 2- British retailer Tesco PLC has picked private equity firm MBK Partners as preferred bidder to buy its South Korean unit, people with direct knowledge of the process said, in a deal that could be valued at as much as $6.6 billion. MBK beat out bids from a combination of buyout firms Affinity Equity Partners...

  • Why the Woolworths CEO exit was expected Tuesday, 16 Jun 2015 | 11:09 PM ET
    Why the Woolworths CEO exit was expected

    Gareth James, Senior Equities Analyst at Morningstar, says he expected the CEO departure as the business has been under pressure for a while.

  • India clears Tesco's $110 mln supermarket investment Monday, 30 Dec 2013 | 6:10 PM ET

    India has approved a $110 million investment plan by Tesco, paving the way for the British retailer to venture into Asia's third-largest economy.

  • Tesco pulls back in China with Vanguard deal Friday, 9 Aug 2013 | 12:48 AM ET
    A customer carries Tesco-branded shopping bags as she leaves one of the company's stores.

    Tesco will slash its China exposure by taking just 20 percent of a venture with a state-run company, a deal that underlines the travails foreign retailers have had in the Chinese market.

  • How Wal-Mart Stores Got a Foothold in India's Market Wednesday, 5 Dec 2012 | 3:45 AM ET
    Wal-Mart signage is seen in the parking lot of the store in Mexico City, Mexico.

    Wal-Mart entered India's supermarket sector in 2010 with a $100 million bet on a consultancy with no employees, no profits, and a scant $14,000 in revenue.