Advertise with fastmoving.co.za
 
 

INTERNATIONAL NEWS

Subscribe to International News

Walmart Q2 revenue grows 1.8% year on year

Walmart Q2 revenue grows 1.8% year on year

20/08/2019 - 14:13
Total revenue of Walmart for its second quarter (Q2) of Financial Year 2020 (FY20) ending July 31 hit $130.4 billion, up 1.8 percent year on year, while the net sales of Walmart International decreased 1.1 percent year on year to $29.1 billion, the company reported.  read more
Estee Lauder forecasts robust fiscal 2020

Estee Lauder forecasts robust fiscal 2020

20/08/2019 - 09:47
Estee Lauder forecast full-year revenue and profit above Wall Street expectations, putting to bed concerns of slowing demand in China due to trade tensions and Hong Kong protests as sales of its luxury skincare products soared, propelling its shares to a record high. read more
Alibaba results beat estimates on cloud, e-commerce growth

Alibaba results beat estimates on cloud, e-commerce growth

19/08/2019 - 14:08
China’s Alibaba Group Holding Ltd reported better-than-expected quarterly revenue and profit, aided by growth in its e-commerce and cloud computing businesses. read more
Lidl introduces reusable fruit and veg bags

Lidl introduces reusable fruit and veg bags

15/08/2019 - 11:29
The ‘Green Bags’, priced at 69p for two, provide customers with a reusable alternative to single-use, small fruit, and vegetable bags. read more
Kraft Heinz writes down more than $1bn as first-half revenue slumps

Kraft Heinz writes down more than $1bn as first-half revenue slumps

12/08/2019 - 12:30
Kraft Heinz’s net income halved in the first six months of the year, the packaged food maker said as it wrote down the value of several business units by more than $1bn in results delayed by an internal investigation into procurement practices. read more
Tiffany & Co partners with Reliance Industries to bring jewellery to India

Tiffany & Co partners with Reliance Industries to bring jewellery to India

08/08/2019 - 11:21
Iconic American jeweller Tiffany & Co is partnering with Mukesh Ambani’s conglomerate to gain a foothold in the lucrative Indian market. read more
Unilever, Tesco, Nestlé ranked top on meat alternatives

Unilever, Tesco, Nestlé ranked top on meat alternatives

08/08/2019 - 10:39
Unilever, Tesco, and Nestlé are among the best prepared to capitalise on the trend for plant-based meat substitutes, according to a report from an investor group managing $5-trillion in assets. read more
Nestlé and Starbucks tie-up heads to China

Nestlé and Starbucks tie-up heads to China

08/08/2019 - 09:31
Nestlé plans to introduce its first range of Starbucks-branded products in China, as part of a global tie-up that will help bolster the Swiss company’s proprietary Nespresso capsules in one of its fastest-growing markets. read more
Iconic store Barney's files for bankruptcy on rising rents

Iconic store Barney's files for bankruptcy on rising rents

07/08/2019 - 15:45
Barneys New York filed for bankruptcy protection from creditors and laid out plans to shutter most of its stores after getting squeezed by rising rents and fewer visitors to its luxury fashion boutiques. read more
Tesco to cut 4,500 jobs in Metro restructuring

Tesco to cut 4,500 jobs in Metro restructuring

06/08/2019 - 13:55
British supermarket chain Tesco is cutting about 4,500 jobs from its Metro stores to improve the efficiency of a format that is increasingly used by customers daily rather than for a traditional weekly shop. read more
Hong Kong's June retail sales slide due to mass protests - government data shows

Hong Kong's June retail sales slide due to mass protests - government data shows

05/08/2019 - 09:18
Retail sales, a key part of Hong Kong’s economy, felt a growing impact in June from mass protests, government data shows.  read more
Amazon in talks to buy stake in India's Reliance Retail

Amazon in talks to buy stake in India's Reliance Retail

05/08/2019 - 09:02
Amazon.com is in talks with Reliance Industries’ retail unit to buy a stake in India’s biggest brick-and-mortar retailer, two sources with knowledge of the talks said.  read more
Nestlé invests $100m to expand factories in Indonesia

Nestlé invests $100m to expand factories in Indonesia

02/08/2019 - 09:11
Nestlé has announced that it will invest $100 million to expand three factories in Indonesia, as the company aims to increase its current production capacity in the country by 25%. read more
Ralph Lauren earnings beat estimates

Ralph Lauren earnings beat estimates

31/07/2019 - 10:17
Ralph Lauren reported better-than-expected quarterly revenue and profit on Tuesday, as its North America business benefited from a social media marketing blitz and the launch of new editions of its trademark Polo shirts. read more
Swine fever epidemic may slash China's pig herd by half

Swine fever epidemic may slash China's pig herd by half

30/07/2019 - 10:52
China’s pig herd could halve by the end of 2019 from a year earlier as an epidemic of African swine fever sweeps through the world’s top pork producer, analysts at Dutch bank Rabobank forecast. read more
Amazon's push for one-day delivery dents profit as costs soar

Amazon's push for one-day delivery dents profit as costs soar

26/07/2019 - 10:16
Amazon.com reported its first profit miss in two years and said income would slump in the current quarter, as the online retailer ramps up spending to deliver goods faster and spark sales growth. read more
Hasbro to start making toys in Vietnam and India as US-China trade war goes on

Hasbro to start making toys in Vietnam and India as US-China trade war goes on

25/07/2019 - 10:35
Hasbro CFO Deborah Thomas says some retailers briefly paused direct import orders from manufacturing locations in the second quarter as they watched the trade situation. read more
Sainsbury's removes plastic bags for fruit and veg

Sainsbury's removes plastic bags for fruit and veg

24/07/2019 - 11:05
Sainsbury’s is continuing its drive to reduce plastic waste by trialling the removal of plastic bags for loose fruit and veg and encouraging customers to bring their own containers or purchase a reusable bag. read more
Waitrose to close more stores

Waitrose to close more stores

24/07/2019 - 10:41
Waitrose has confirmed that it is closing several more of its supermarkets as part of its recent strategy to offload underperforming sites. read more
US retail sales rise as households spend more

US retail sales rise as households spend more

18/07/2019 - 14:16
US retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the hit on the economy from weak business investment. read more
Amazon offers $10 to Prime Day shoppers for access to their data

Amazon offers $10 to Prime Day shoppers for access to their data

18/07/2019 - 09:53
Amazon.com has a promotion for US shoppers on Prime Day, the 48-hour marketing blitz that started recently: earn $10 of credit if you let Amazon track the websites you visit. read more
Cancer drugs help Johnson & Johnson raise sales outlook

Cancer drugs help Johnson & Johnson raise sales outlook

17/07/2019 - 08:41
Johnson & Johnson raised its full-year sales forecast as demand for its cancer drugs Darzalex and Imbruvica helped it exceed estimates for second-quarter profit on Tuesday. read more
Burberry's new logo-strewn design is a surprise hit

Burberry's new logo-strewn design is a surprise hit

16/07/2019 - 14:49
Strong demand for designer Riccardo Tisci’s new fashion ranges helped revenue at British label Burberry grow faster than expected in the first quarter, sending its shares soaring as a high stakes overhaul showed early signs of promise. read more
Nintendo shares jump on imminent launch of Switch Lite

Nintendo shares jump on imminent launch of Switch Lite

16/07/2019 - 11:38
Shares in Japan’s Nintendo Co rose more than 4 percent last week after the company said it would soon launch Nintendo Switch Lite, a cheaper, handheld version of its hugely popular Switch games. read more
Woolies, Anglo, Sappi stock in demand

Woolies, Anglo, Sappi stock in demand

15/07/2019 - 16:26
Woolworths Holdings' (Woolies') share price gained a solid 12.8 percent last week after it announced a turnaround at its fashion, beauty and home business this year. The group, one of many local retailers to struggle in Australia and which also trades in 11 countries in sub-Saharan Africa, still relies on its home market for 71 percent of operating profit.  read more
Walmart must hire someone who can stop the bleeding at its online business

Walmart must hire someone who can stop the bleeding at its online business

15/07/2019 - 09:55
Walmart has a hole to fill at its online unit, and whoever assumes the role faces a big challenge ahead. read more
Brait's struggling UK retailer New Look turning a corner

Brait's struggling UK retailer New Look turning a corner

11/07/2019 - 11:30
Investment holding company Brait says its UK high-street retailer New Look, which was largely responsible for the dismal performance it reported in June, is now better positioned to turn the corner. read more
Aldi launches new Vegan brand

Aldi launches new Vegan brand

10/07/2019 - 08:30
The first product in the range is a high-protein quarter pounder burger which costs £1.99 for a pack of two. It is made with soya and pea protein and flavoured with smoked salt to give a chargrilled flavour. read more
PepsiCo's decision to sell smaller cans pays off

PepsiCo's decision to sell smaller cans pays off

10/07/2019 - 08:19
Beverage sales rise as new packaging strategy helps company attract more consumers. read more
JD Sports counters retail gloom with global expansion

JD Sports counters retail gloom with global expansion

04/07/2019 - 09:40
JD Sports, Britain’s biggest sportswear retailer, bucked retail sector gloom yet again, as it predicted full-year profit will meet expectations on strong sales from new stores and growing demand for gym wear by trendy youngsters. read more
Sainsbury's reports another decline in quarterly sales

Sainsbury's reports another decline in quarterly sales

04/07/2019 - 08:27
British supermarket group Sainsbury’s reported a third consecutive quarter of declining underlying sales, hurt by weak clothing and general merchandise markets. read more
Boots confirms plan to shut 200 stores

Boots confirms plan to shut 200 stores

02/07/2019 - 12:54
Boots has confirmed that it plans to close 200 stores over the next 18 months, equal to just under 10% of the health & beauty chain’s standalone outlets.  read more
Walmart aims to list minority stake in Japan unit Seiyu

Walmart aims to list minority stake in Japan unit Seiyu

01/07/2019 - 14:29
Walmart said it aims to list its Japanese supermarket unit Seiyu while keeping a majority stake in the business, amid on-and-off speculation the US retail giant was looking to exit Japan where it has struggled to grow. read more
Amazon launches new in-store pickup option with Rite Aid as first partner

Amazon launches new in-store pickup option with Rite Aid as first partner

28/06/2019 - 10:14
Amazon.com has steadily added options for customers to receive their packages including in car trunks, inside home garages and potentially by drone.  read more
German retailer Metro says €5.8bn takeover bid is too low

German retailer Metro says €5.8bn takeover bid is too low

27/06/2019 - 09:22
Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders to hold off on taking action until management comments further.  read more
New Look losses mount as Brexit, rain keeps shoppers away

New Look losses mount as Brexit, rain keeps shoppers away

26/06/2019 - 09:03
British fashion chain New Look reported a bigger annual pretax loss, hurt by a large charge, while Brexit woes and rainy weather kept many shoppers out of its stores.  read more
Sainsbury's opens UK's first meat-free butchers

Sainsbury's opens UK's first meat-free butchers

24/06/2019 - 15:35
Launched during World Meat Free Week, the pop shop is a traditional style butchers offering customers a range of cuts, joints and sausages derived from plant-based alternatives such as mushroom, jackfruit, and pea protein. read more
France's Carrefour takes steps to exit China with Suning.com deal

France's Carrefour takes steps to exit China with Suning.com deal

24/06/2019 - 15:02
Carrefour, Europe’s largest retailer, took a decisive step on Sunday towards a full exit of the Chinese market by selling a majority stake of its activities in the country to Suning.com. read more
Amazon's phenomenal brand value growth

Amazon's phenomenal brand value growth

24/06/2019 - 08:34
With little sign of a growth slowdown, Amazon has become the world’s most valuable brand, according to the 2019 BrandZ Top 100 Most Valuable Global Brands ranking.  read more
Tesco says no timetable for 'finest' store launch

Tesco says no timetable for 'finest' store launch

20/06/2019 - 09:10
Tesco, Britains biggest retailer, said it is considering a trial of an upmarket convenience store under the 'Tesco finest' banner but has not disclosed when or where the pilot will be launched. read more
Carrefour franchisee to open first Ugandan store

Carrefour franchisee to open first Ugandan store

19/06/2019 - 09:13
Carrefour will open its first store in Uganda this year, expanding in the region after a successful launch in neighbouring Kenya, the Dubai-based operator of the French retailer’s outlets said. read more
H&M’s sales growth fails to ease investors concerns about margin pressure

H&M’s sales growth fails to ease investors concerns about margin pressure

18/06/2019 - 15:41
Fashion retailer H&M reported sales grew for a fourth straight quarter, but also hinted it had needed to invest more to boost its online business, disappointing investors already concerned about margin pressure. read more
Fashion house Chanel parades its independence as profits rise

Fashion house Chanel parades its independence as profits rise

18/06/2019 - 12:49
Luxury fashion group Chanel, whose star designer Karl Lagerfeld died in February, reported higher annual sales and profits and once again reaffirmed its independence, stating it was not for sale. read more
A Woolworths window display wins big in London

A Woolworths window display wins big in London

18/06/2019 - 11:34
A Woolworths window display that incorporated milk bottles and plastic hangers has snapped up a prestigious global award.  read more
Zara owner Inditex shakes off chill with strong second quarter start

Zara owner Inditex shakes off chill with strong second quarter start

14/06/2019 - 11:22
Zara owner Inditex bounced back from a weak start to 2019, when unseasonably cold weather in southern Europe stifled sales for the Spanish fashion group, with a strong performance in the first weeks of the second quarter. read more
Zimbabwe's farmers smell the tea and coffee

Zimbabwe's farmers smell the tea and coffee

14/06/2019 - 09:50
Farmers in Zimbabwe’s Eastern Highlands are smelling the tea and coffee.  read more
British online fashion retailer Boohoo bucks subdued industry trend

British online fashion retailer Boohoo bucks subdued industry trend

13/06/2019 - 09:12
British online fashion group Boohoo bucked a tough retail market with robust sales growth in its latest quarter as its offer of cheap clothing, delivered quickly, chimed with shoppers. read more
FedEx to end Amazon contract for air delivery service

FedEx to end Amazon contract for air delivery service

10/06/2019 - 15:04
FedEx says it has decided to not renew its contract with Amazon.com for US cargo delivery through FedEx Express, the unit that delivers packages on planes.  read more
Walmart worries that US tariffs will raise Mexican fresh produce prices

Walmart worries that US tariffs will raise Mexican fresh produce prices

10/06/2019 - 14:40
Walmart CEO Doug McMillon says the retailer is concerned that fresh produce prices would rise if tariffs are placed on imports from Mexico.  read more
Sainsbury’s ditches plastic bags in fruit & veg and bakery aisles

Sainsbury’s ditches plastic bags in fruit & veg and bakery aisles

07/06/2019 - 14:21
Sainsbury’s has announced its latest moves to reduce the amount of plastic it uses. This includes the retailer removing the plastic bags in its stores used for loose fruit, vegetables, and bakery items. read more
Luxury group lifts shares on Vuitton's 'unheard of' China growth

Luxury group lifts shares on Vuitton's 'unheard of' China growth

06/06/2019 - 08:59
LVMH shares gained after the head of the Louis Vuitton brand gave a rosy view of its China business, easing concerns about the effects of a trade war with the US.  read more
Alibaba plans $20bn Hong Kong listing

Alibaba plans $20bn Hong Kong listing

05/06/2019 - 10:02
Alibaba is considering raising as much as $20bn through a listing in Hong Kong, people familiar with the matter say, lining up a second blockbuster deal following its 2014 record $25bn float in New York. read more
Waitrose trials refill and bring-your-own containers scheme to reduce waste

Waitrose trials refill and bring-your-own containers scheme to reduce waste

05/06/2019 - 09:17
Waitrose has launched a new scheme where customers will be able to fill up or refill their own containers with a range of products as part of its ambitions to reduce waste. read more
Blackstone in $19bn deal to buy US warehouse assets from Singapore’s GLP

Blackstone in $19bn deal to buy US warehouse assets from Singapore’s GLP

04/06/2019 - 10:57
Blackstone Group is buying US industrial warehouse properties from Singapore-based logistics provider GLP for $18.7bn, in what the companies billed as the largest private real estate transaction globally.  read more
Abercrombie dives most since 2000 as sales growth starts to wane

Abercrombie dives most since 2000 as sales growth starts to wane

03/06/2019 - 09:00
For apparel retailers, the plot has to unfold just right for investors to buy into the narrative. And by the market’s reaction, they clearly did not stick to the script. read more
US 'retail apocalypse' only just beginning

US 'retail apocalypse' only just beginning

27/05/2019 - 11:31
The “retail apocalypse” in the US has claimed more victims in the first quarter of the year than last year combined.  read more
Walmart sends veteran to fix struggling South Africa business

Walmart sends veteran to fix struggling South Africa business

27/05/2019 - 11:12
Massmart Holdings fell the most in three months as the troubled SA retail chain warned on profit and majority shareholder Walmart sent one its own to help stem declines.  read more
French grocery chain Casino on the ropes after long battle with hedge fund

French grocery chain Casino on the ropes after long battle with hedge fund

27/05/2019 - 10:24
The parent company of French grocery chain Casino insisted on Friday that there would be no consequences for some of the country’s best-known supermarket brands after it filed for bankruptcy protection following a long battle with hedge funds.  read more
The UK will ban plastic straws and cotton buds by 2020 – here are South Africa’s plans

The UK will ban plastic straws and cotton buds by 2020 – here are South Africa’s plans

27/05/2019 - 09:31
The Guardian reports that the move is hoped to vastly reduce the litter and other environmental impacts of the nearly five billion plastic straws currently used each year in the UK, along with more than 300 million plastic stirrers and close to two billion cotton buds with plastic stems.  read more
Bangladesh factory oversight deal risks worker safety, say unions

Bangladesh factory oversight deal risks worker safety, say unions

21/05/2019 - 16:35
The end of an international arrangement aimed at ensuring the wellbeing of Bangladeshi garment workers is likely to undermine safety by making factory owners responsible for maintaining standards, trade union leaders said.  read more
Nike and Adidas join 173 US shoe retailers in call to avoid ‘catastrophic’ tariffs

Nike and Adidas join 173 US shoe retailers in call to avoid ‘catastrophic’ tariffs

21/05/2019 - 12:23
Nike, Adidas, and other footwear giants urged President Donald Trump to reconsider his tariffs on shoes made in China, saying the policy would be “catastrophic for our consumers, our companies and the American economy as a whole”. read more
US jealousy sparked trade wars, says Chinese ambassador

US jealousy sparked trade wars, says Chinese ambassador

21/05/2019 - 10:48
The US is jealous of China’s rapid economic growth and achievements in the past few years and was using the trade wars to frustrate and stall it, Lin Songtian, the Chinese ambassador to SA said. read more
Walmart reveals plans for a new corporate campus

Walmart reveals plans for a new corporate campus

20/05/2019 - 17:04
Corporate America has been under political pressure to ramp up investments at home. read more
IQOS becomes first electrically heated tobacco product to qualify for sale in U.S

IQOS becomes first electrically heated tobacco product to qualify for sale in U.S

17/05/2019 - 16:29
The U.S. Food and Drug Administration (FDA) confirmed that IQOS, Philip Morris International’s electrically heated tobacco system, is appropriate for the protection of public health and has authorized it for sale in the United States. FDA’s decision follows its comprehensive assessment of PMI’s premarket tobacco product applications (PMTAs) filed with the Agency in 2017. read more
Alibaba beats analyst estimates as recommendations boost sales

Alibaba beats analyst estimates as recommendations boost sales

17/05/2019 - 09:38
The Alibaba Group posted quarterly revenue and earnings that topped analyst estimates as personalised recommendations drive consumer spending across its shopping sites. read more
Taking stock of fashion's $210bn inventory problem

Taking stock of fashion's $210bn inventory problem

16/05/2019 - 11:08
Fashion retailers are faced with a dilemma: to keep up with the demands of 'fast fashion' they need rapid stock turnover. But what do they do with the surplus? read more
Amazon partners with UK's Next for click and collect service

Amazon partners with UK's Next for click and collect service

15/05/2019 - 09:07
Amazon has teamed up with British clothing chain Next to offer a network of stores where the US online retail giant’s UK customers can collect their parcels. read more
Tesco, Sainsbury’s and Waitrose pledge to halve food waste by 2030

Tesco, Sainsbury’s and Waitrose pledge to halve food waste by 2030

14/05/2019 - 08:42
Tesco, Sainsbury’s, and Waitrose are among the supermarkets that have pledged to halve food waste by 2030.  read more
Key findings and insights into the global cinnamon market

Key findings and insights into the global cinnamon market

13/05/2019 - 14:51
The global cinnamon market revenue amounted to $703M in 2017 (IndexBox estimates), growing by 13% against the previous year.  read more
Rihanna and LVMH to launch fashion house under Fenty brand

Rihanna and LVMH to launch fashion house under Fenty brand

13/05/2019 - 09:06
Pop star Rihanna is joining LVMH to launch a fashion house under her Fenty brand, pairing the world’s largest luxury conglomerate with one of the biggest cultural influencers. read more
Hugo Boss pins growth hopes on store revamps

Hugo Boss pins growth hopes on store revamps

06/05/2019 - 14:58
Hugo Boss says the renovation of several major stores should revive sales growth after the German fashion house reported a drop in first-quarter earnings due to reorganisation costs, higher marketing spending and a strong US dollar.  read more
Key insights into the global pyrethrum and peppermint market

Key insights into the global pyrethrum and peppermint market

06/05/2019 - 14:30
The global pyrethrum and peppermint market revenue amounted to $3.6B in 2017 (IndexBox estimates), growing by 4.9% against the previous year.  read more
Bali supermarket ditches plastic packaging for banana leaves

Bali supermarket ditches plastic packaging for banana leaves

06/05/2019 - 11:00
At a glimpse, Bintang Supermarket in Ubud looks just like other supermarkets across Bali. A banner announcing that it no longer provides plastic bags welcomes visitors upon entering the place – something that is now common practice on the island following a ban on single-use plastic bags issued by the administration earlier this year. read more
Woolworths Australia's new app to save lost sales

Woolworths Australia's new app to save lost sales

02/05/2019 - 15:25
WG Compass is used by suppliers to prompt in-store merchandisers to check stock levels, allowing them to quickly fix potential out-of-stocks or merchandising issues.  read more
CMA blocks Sainsbury’s-Asda merger

CMA blocks Sainsbury’s-Asda merger

25/04/2019 - 10:41
The Competition and Markets Authority (CMA) has confirmed that it is blocking the proposed merger of Sainsbury’s and Asda. The two chains, along with Walmart, have since stated that they are abandoning the deal. read more
H&M lists garment suppliers on app to tackle worker abuses

H&M lists garment suppliers on app to tackle worker abuses

25/04/2019 - 10:26
Fashion brand H&M has become the first major retailer to list individual supplier details for each garment on its website to increase transparency in an industry with high risks of slavery and labour abuses.  read more
Unilever acquires OLLY Nutrition

Unilever acquires OLLY Nutrition

24/04/2019 - 13:13
Unilever has continued its recent acquisition spree by agreeing to buy OLLY Nutrition, a US-based wellbeing business in the vitamins, minerals, and supplements (VMS) category. read more
Amazon strengthens ties with French food retailer Casino

Amazon strengthens ties with French food retailer Casino

24/04/2019 - 11:50
E-commerce giant Amazon and French retailer Casino are expanding their partnership, with Amazon installing pick-up lockers in Casino stores and more of the French company’s products to be available on Amazon.  read more
Kraft Heinz hires global brand expert Miguel Patricio as CEO

Kraft Heinz hires global brand expert Miguel Patricio as CEO

24/04/2019 - 11:18
Kraft Heinz named Miguel Patricio as its next chief executive in the hopes that the 30-year marketing veteran will revitalize brands such as Planters nuts and Oscar Mayer bacon at one of the world's largest packaged food companies.  read more
Asian revenue surpasses European for first time at L’Oreal

Asian revenue surpasses European for first time at L’Oreal

18/04/2019 - 09:07
L’Oreal got more revenue from Asia than from Western Europe for the first time last quarter as the region’s surging demand for luxury products continued to resist the drag of a slower Chinese economy. read more
Mulberry teams up with Farfetch to bolster global omnichannel

Mulberry teams up with Farfetch to bolster global omnichannel

16/04/2019 - 15:31
Mulberry has launched a partnership with online luxury fashion retailer Farfetch to strengthen its international omnichannel strategy. read more
Lenders seize UK retailer Debenhams, wiping out Ashley

Lenders seize UK retailer Debenhams, wiping out Ashley

12/04/2019 - 09:33
Debenhams’ lenders took control of the ailing retailer after it went into administration, wiping out shareholders including billionaire Mike Ashley in the latest corporate failure on Britain’s high street. read more
LVMH keeps rivals on their toes with strong first quarter

LVMH keeps rivals on their toes with strong first quarter

11/04/2019 - 08:46
Louis Vuitton owner LVMH set a high bar for rival luxury goods companies trying to capitalise on Chinese demand for high-end handbags and clothing, with stronger-than-expected sales growth in the first quarter. read more
Ted Baker enters Chinese joint venture to expand brand

Ted Baker enters Chinese joint venture to expand brand

10/04/2019 - 12:54
Ted Baker has agreed to a new joint venture with Shanghai LongShang Trading Company to expand its brand in the East Asia region.  read more
UK’s Debenhams falls into administration

UK’s Debenhams falls into administration

09/04/2019 - 14:47
Debenhams’ lenders took control of the ailing British retailer after it went into administration, wiping out shareholders including billionaire Mike Ashley in the latest corporate failure on the high street. read more
Nestlé goes vegan with meat-free burger range

Nestlé goes vegan with meat-free burger range

05/04/2019 - 10:07
Nestlé is looking to take a bite of the fast-growing vegan foods market with a range of plant-based burgers, saying its recipes could compete for taste with traditional beef patties. read more
Superdry slumps as founder's return sparks board revolt

Superdry slumps as founder's return sparks board revolt

04/04/2019 - 13:34
Shares in Superdry fell more than 11% after founder Julian Dunkerton narrowly forced his way back into the company, which sparked the exit of most of its board members, including top executives. read more
Sainsbury has lost its number-two slot to takeover target Asda

Sainsbury has lost its number-two slot to takeover target Asda

02/04/2019 - 15:29
Sainsbury has lost its status as Britain’s number two supermarket group by market share to takeover target Asda for the first time in four years, industry data showed. read more
British supermarkets to install ‘pick your own’ vegetable aisles

British supermarkets to install ‘pick your own’ vegetable aisles

02/04/2019 - 10:16
The end of the bagged salad could be nigh, as British supermarkets look to install ‘pick your own’ vegetable aisles by the end of this year. read more
Major food and drink firms aim to improve plastic recycling in Africa

Major food and drink firms aim to improve plastic recycling in Africa

02/04/2019 - 10:02
Diageo, Unilever, The Coca Cola Company and Nestlé have joined forces to improve the collection and recycling of plastics in Africa. read more
Lower retail sales reflect slowing US economy

Lower retail sales reflect slowing US economy

02/04/2019 - 08:43
US retail sales unexpectedly fell in February, the latest sign that economic growth has shifted into low gear as stimulus from $1.5-trillion in tax cuts and increased government spending fades. read more
UK online supermarket pioneer Ocado partners with Australia's Coles

UK online supermarket pioneer Ocado partners with Australia's Coles

27/03/2019 - 08:51
British online supermarket pioneer Ocado has signed a partnership agreement with Australia’s Coles, its fifth major overseas deal in less than 18 months as food retailers around the globe respond to online competition. read more
Nestlé opens new research and development centre in Beijing

Nestlé opens new research and development centre in Beijing

26/03/2019 - 10:08
Nestlé aims to accelerate trend-based innovation in China as it inaugurates a new research and development centre (R&D) in Beijing and a system technology hub in Shenzhen. read more
Watches of Switzerland sets its sights on more US acquisitions

Watches of Switzerland sets its sights on more US acquisitions

25/03/2019 - 09:38
Watches of Switzerland expects to make further acquisitions in the US, which it first entered in 2017 with the purchase of jeweller Mayors, its CEO said.  read more
Instagram adds shopping feature for US users

Instagram adds shopping feature for US users

22/03/2019 - 09:34
Facebook’s Instagram is trialling a feature that lets US users shop from the photo-sharing app by using a “checkout” option on items tagged for sale, the company said. read more
Mondelēz buys stake in functional food brand Uplift Food

Mondelēz buys stake in functional food brand Uplift Food

20/03/2019 - 09:46
Mondelēz International has bought a minority stake in Uplift Food, an early-stage start-up that produces prebiotic functional food supplements. read more
Asos sales up 13% as UK market outperforms

Asos sales up 13% as UK market outperforms

20/03/2019 - 09:25
Asos has reported a rise in its quarterly sales, as growth at home in the UK continues to outperform its foreign markets. read more
Sainsbury’s and Asda seek to salvage deal with £1bn pledge

Sainsbury’s and Asda seek to salvage deal with £1bn pledge

20/03/2019 - 08:58
British supermarket groups Sainsbury’s and Asda have committed to deliver £1bn of annual price cuts as they attempt to salvage their proposed combination after being dealt a potentially fatal blow by the regulator. read more
Morrisons books 3rd straight year of profit & sales growth

Morrisons books 3rd straight year of profit & sales growth

13/03/2019 - 13:36
Morrisons has recorded another year of growth in sales and profit as chief executive David Potts boasted that the Big 4 grocer’s turnaround scheme was “well on track”.  read more
Alibaba invests $693m for stake in Chinese courier STO Express

Alibaba invests $693m for stake in Chinese courier STO Express

12/03/2019 - 11:30
Alibaba Group Holding Ltd will take a 14 percent stake in STO Express Co Ltd through a $693 million deal, the e-commerce giant’s fourth significant investment in a Chinese courier company. read more