Retail archive – Page 646
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Carrefour boss signs new investor pact
Carrefour’s chief executive Daniel Bernard has signed a new pact with two of the French supermarket’s core shareholders, giving them control of around 16 per cent of its share capital and a quarter of its voting rights.
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ArticleFSA to interview M&S chief executive
Stuart Rose, chief executive of Marks & Spencer is to be interviewed by the Financial Services Authority as part of its investigation into insider dealing in M&S shares.
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ArticleSainsbury's bid to thwart shareholder revolt
A senior director at Sainsbury’s is attempting to broker a last-minute deal with city investors to avert a damaging revolt over an award of free shares worth £2.5 million to Sir Peter Davis.
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Supermarkets face ministerial questions
Competition minister Gerry Sutcliffe is to question the supermarket groups Asda, Tesco, Sainsbury’s and Safeway/Morrisons over allegations that they are giving suppliers an unfair deal.
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ArticleTesco shoppers come under scrutiny
The habits of Tesco shoppers is soon to come under the combined close scrutiny of Thomson Intermedia, which tracks UK advertising and Dunnhumby, a market researcher.
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ArticleSomerfield awaits bumper results
Somerfield is expected to announce a giant leap in profits this week as a result of it store refurbishment and cost-cutting programme.
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ArticleWaitrose heads north
John Lewis’s upmarket supermarket Waitrose is looking to break into the north of England, for the first time in 100 years, following the opening of a store in Sandbach, Cheshire.
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M&S bid battle moves on
M&S pension fund trustees met yesterday to, amongst other things, discuss the latest bid for the retail chain by Philip Green.
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Londis shareholders accept Musgrave offer
Londis retailers have voted overwhelmingly in favour of selling the convenience store chain to Musgrave.
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Wal-Mart faces massive sex-discrimination lawsuit
US lawsuit alleges women staff get a bad deal from Wal-Mart, and now involves up to 1.6 million female current and ex-employees.
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ArticleSainsbury's new balls for Wimbledon
Sainsbury’s is celebrating Wimbledon with a limited edition four-pack of oranges.
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ArticleEleventh Brammy Awards launched
The 11th Brammy Awards take place on July 23 recognising and rewarding the efforts of manufacturers, retailers, caterers and the food media.
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Co-op rules out Londis bid
The Co-operative Group has ruled itself out of buying Londis just as shareholders prepare to vote on a recommended £60m bid for the wholesale distributor.
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McDonald's adverts push for a healthy diet
McDonald’s has reacted to criticism of food advertising aimed at children by launching a campaign designed to promote a healthy lifestyle.
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ArticleVitacress backs Watercress Week
To coincide with the launch of Watercress Week, Vitacress will be running a promotion in Sainsbury’s stores to emphasise its health benefits.
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ArticleSainsbury’s targets fruit snacking market
Sainsbury’s is set to launch a range of fresh fruit lines specifically targeted at the fast-expanding snacking market.
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ArticleTesco results above average again
Tesco continues to go from strength to strength, registering yet another above industry average jump in sales in the three months to May 22.
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£8.3bn M&S knockback for Green
Marks & Spencer has rejected the latest increased offer for the company from retail entrepreneur Philip Green.
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ArticleM&S to announce strategy to turn round business
Marks and Spencer will next month announce its strategy for turning the business around and fending off any takeover bid from Philip Green.
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ArticleBristol Fruit Sales expands refrigerated fleet
Bristol Fruit Sales has taken delivery of a quantity of 7.5 tonne and 26t refrigerated vehicles from Gray & Adams.