European equities were mostly higher on Friday, but Swiss stocks weighed on wider benchmarks.» Read More
SHANGHAI, Jan 7- U.S. food supplier OSI Group LLC, which came under fire in China last year over allegations it used out-of-date meat, has criticized the handling of the case by the local food regulator, a rare act in China where firms are usually careful not to openly challenge the authorities. The firm, which supplied international fast food chains including...
SHANGHAI, Jan 7- Food and drug safety in China is "grim" and will get stronger oversight, the food and drug regulator said on Wednesday, after a series of scares last year hit the reputations of global firms such as McDonald's Corp and Wal-Mart Stores Inc.. Safety scares have affected the reputations and China sales of global companies from U.S. fast-food chains...
SAO PAULO, Dec 17- Brazilian billionaire Abilio Diniz agreed to buy a 10 percent stake in Carrefour SA's Brazilian unit, a source with direct knowledge of the situation said on Wednesday, potentially strengthening its ability to take on the supermarket chain Diniz's father founded. Under terms of the deal, Diniz, whose Peninsula Participações holding...
SHANGHAI, Dec 12- It took China's biggest retail chain Suning all last year to generate sales of about $17 billion. Big retailers like Suning Commerce Group Co Ltd and foreign rivals Wal-Mart Stores Inc and Best Buy Co Inc are struggling to attract customers to their traditional stores in China, where online shopping is booming. This week, Wal-Mart said it had...
Carrefour, the world's second-biggest retailer, said on Thursday that like-for-like sales growth slowed in the third quarter, reflecting low consumer sentiment in austerity-hit southern Europe, and falling fruit and vegetable prices across the region.
SHANGHAI, Aug 25- The entanglement of H.J. Heinz Co. in China's latest food scare highlights a key concern for international and local firms- how to keep track of ingredients from diverse sources in a country where food supply tracing technologies are far from the norm.
Some of the names on the move ahead of the open.
Cross-investment between India and Japan has been relatively small, but economic reboots via Abenomics and Modinomics may change that, Nomura said.
European shares closed lower on Thursday, as investors shunned riskier assets due to a resurgence in concerns about Russia and sanctioning.
Tesco management pleaded with shareholders to remain patient at a heated annual meeting on Friday.
Combined a host of luxury brands into the LVMH conglomerate, along the way distilling a magic elixir of design, production, and above all marketing.
British supermarket giant Tesco reported a dip in group sales compared to last year, highlighting the challenges it faces in the U.K. and Europe.
Carrefour, Europe's biggest retailer, said underlying sales growth accelerated in the first quarter, driven by Brazil, the group's second largest market.
European retailers are flocking to list in 2014, but traditional high-street chains have been replaced by the online, discount and convenience players that are shaking up shopping.
European stocks closed lower on Wednesday, with investors responding to talks between the U.S. and Russia on Ukraine.
Carrefour said sales in austerity-hit Spain returned to growth in the fourth quarter for the first time since 2008.
Investors should differentiate between companies domiciled in France, versus companies exposed to the domestic French economy, analysts warn.
Wal-Mart Stores has recalled donkey meat sold at some outlets in China after tests showed the product contained the DNA of other animals.
France's Carrefour is buying a portfolio of 127 shopping malls in France, Spain and Italy from real estate group Klepierre.
Harleys as a status symbol appeal to an increasing number of Africans—a continent that historically relied on motorcycles for basic transportation.