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Western companies are scrambling to address public concerns about working conditions in Bangladesh. The NYT reports.
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MUMBAI, May 5- Hong-Kong entrepreneur Ramesh Tainwala spent 18 months operating branded clothing retail stores in India before deciding it was impossible to succeed without paying bribes.
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MUMBAI, May 5- Hong-Kong entrepreneur Ramesh Tainwala spent 18 months operating branded clothing retail stores in India before deciding it was impossible to succeed without paying bribes.
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Western companies are scrambling to address public concerns about working conditions in Bangladesh. The NYT reports.
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ISTANBUL, May 2- Turkey's CarrefourSA, a joint-venture between Sabanci Holding and Carrefour, will look into buyout opportunities including Migros, Sabanci retail group head Haluk Dincer said on Thursday. Organic growth and acquisition opportunities will be considered to expand the business, Dincer said at a news conference.
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Peugeot and U.S. peer General Motors GM.N are studying an alliance to market vans outside of Europe that would allow the French car maker to boost sales volumes and reap royalty revenues, according to Les Echos newspaper. FRANCE TELECOM France's industry minister said he had blocked Yahoo Inc's. Dailymotion is owned by France Telecom.
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*Sabanci becomes majority shareholder with 50.8 pct stake* Move ends suspense over Carrefour's plans in Turkey. PARIS, April 30- Carrefour, Europe's largest retailer, said on Tuesday it was staying in Turkey but selling a 12 percent stake in local venture CarrefourSA.
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PARIS, April 30- Carrefour, Europe's largest retailer, said on Tuesday it was selling a 12 percent stake in Turkish venture CarrefourSA to joint venture partner Sabanci Holding for 60 million euros.
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DUBAI, April 29- Dubai retail firm Majid Al Futtaim is in advanced discussions to buy Egypt's largest supermarket chain from family-owned Mansour Group, two sources said on Monday.
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LONDON, April 25- Major western clothing retailers squeezing Asian suppliers and a flawed approach to ensuring even basic working standards are fuelling conditions for tragedies like the latest factory collapse in Bangladesh, NGOs said on Thursday.
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LONDON, April 25- Major western clothing retailers squeezing Asian suppliers and a flawed approach to ensuring even basic working standards are fuelling conditions for tragedies like the latest factory collapse in Bangladesh, NGOs said on Thursday.
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*Apple, Volkswagen criticised by top TV show. SHANGHAI, March 15- Technology giant Apple Inc and car maker Volkswagen AG were singled out by state-run China Central Television in its annual corporate malpractice expose. Apple officials in China and Apple's headquarters in Cupertino, California, were not immediately available for comment.
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*Apple, Volkswagen criticised by top TV show. SHANGHAI, March 15- Technology giant Apple Inc and car maker Volkswagen AG were singled out by state-run China Central Television in its annual corporate malpractice expose. Apple officials in China and Apple's headquarters in Cupertino, California, were not immediately available for comment.
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McDonald's will give away more than a million breakfast McMuffins across China on Monday, a few days after Chinese state television airs its annual expose on corporate malpractice to mark World Consumer Rights Day.
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SHANGHAI, March 14- McDonald's Corp will give away more than a million breakfast McMuffins across China on Monday, a few days after Chinese state television airs its annual expose on corporate malpractice to mark World Consumer Rights Day.
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Carrefour, Europe's biggest retailer, said it would boost capital spending this year to revive its struggling hypermarkets after 2012 profits fell 2.6 percent, depressed by falling demand in recession-hit Spain and Italy.
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Six big French retailers said on Sunday they were recalling lasagna meals and other products suspected of being mislabeled after the discovery of horsemeat in beef products.
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TAIPEI, Jan 28- Sun Art Retail Group Ltd overtook rivals such as Wal-Mart Stores Inc to become the No.1 hypermarket operator in China by supporting the local economy and counting on consumer loyalty to Chinese brands, said a major shareholder.
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European shares slipped on Friday as disappointing economic data in the UK and U.S. dampened sentiment.
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European shares closed higher on Thursday afternoon after stronger-than-expected U.S. jobs data.
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Carrefour, Europe's biggest retailer, said fourth-quarter like-for-like sales rose 0.4 percent, reflecting further signs of improvement in its core French market but still difficult trading conditions in austerity-hit Spain and Italy.