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Food and Staples Retailing Hypermarkets and Super Centers

  • UPDATE 2-Germany's Metro says $6.6 billion bid undervalues company

    *Offer values the retailer at $6.6 billion. FRANKFURT, June 23- Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders on Sunday to hold off on taking action until management comments further. EP Global Commerce, which already held a stake of nearly 11% in Metro, said...

  • UPDATE 1-France's Carrefour takes step to exit China with Suning.com deal

    PARIS/ SINGAPORE/ BEIJING, June 23- Carrefour, Europe's largest retailer, took a decisive step on Sunday toward a full exit of the Chinese market by selling a majority stake of its activities in the country to Suning.com. Carrefour, which has been in China since 1995, has spent years trying to fix a business where 2018 sales fell 5.9% to 4.1 billion euros amid fierce...

  • UPDATE 1-Germany's Metro says $6.6 billion bid undervalues company

    *Offer values the retailer at $6.6 billion. FRANKFURT, June 23- Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders on Sunday to hold off on taking action until management comments further. EP Global Commerce, which already held a stake of nearly 11% in Metro, said...

  • France's Carrefour sells 80% of its Chinese business to Suning.com

    PARIS, June 23- Carrefour, Europe's largest retailer, said on Sunday it had agreed to sell 80% of its Chinese operations to Chinese group Suning.com in all-cash transaction. Carrefour China operates 210 hypermarkets and 24 convenience stores. It generated net sales of 3.6 billion euros and earnings before interest, tax, depreciation and amortization of 66...

  • Carrefour eyes higher capex to cement turnaround

    Carrefour, the world's second-largest retailer, said on Thursday it would boost investments to renovate and open stores.

  • Why the Woolworths CEO exit was expected
    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

    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.

  • A customer carries Tesco-branded shopping bags as she leaves one of the company's stores.
    Tesco pulls back in China with Vanguard deal

    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.

  • Wal-Mart signage is seen in the parking lot of the store in Mexico City, Mexico.
    How Wal-Mart Stores Got a Foothold in India's Market

    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.