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berli jucker keen on carrefour's thai business
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"we are waiting for bidding details from carrefour," berli managing director asavin techacharoenvikun told reporters. carrefour wants to sell its southeast asian units in malaysia, singapore and thailand to help it focus on core markets where it holds leading positions. carrefour was not available for comment on the deal. over the past few years, carrefour has withdrawn from other asian markets, including japan and south korea, to focus on growing markets such as china and india. the first round of bids for the carrefour assets is due in early september, sources with knowledge of the deal told reuters. bankers expect at least four or five bids for the assets. private equity firms are also interested in looking at carrefour's business in southeast asia, but a strategic buyer will probably have an advantage. "its (carrefour's assets) natural home is a strategic buyer. it is quite a difficult business to manage," an executive at a private equity firm told reuters. singapore-listed dairy farm, which owns cold storage and giant superstores in singapore and malaysia, and britain's tesco could also be bidders, sources familiar with the deal said. tesco and dairy farm declined to comment. in 2009, asia accounted for 7.9 pct of carrefour's sales of 85.9 billion euros ($111 billion), while thailand contributed 9.1 percent of asian sales, based on the company's latest accounts, giving thai sales of about $800 million. thai broker phillip securities has put a sale price of between 16 billion baht and 19 billion baht ($496 to $590 million) on the thai operations. carrefour has 626 stores in asia, with 424 in china alone. of the rest, indonesia has 76, taiwan 65, malaysia 19, singapore two and thailand 40, including 39 hypermarkets). in thailand, carrefour has a market share of around 2 percent behind cp all, tesco and big c supercenter, part-owned by france's casino, which are the top three retailers, according to rbs. big c, thailand's second-biggest hypermarket operator, is expected to bid for the carrefour stores. the company declined to comment. woolworths ltd, australia's largest supermarket chain, is also expected to have a look, but its management is not very enthusiastic, one source familiar with the process told reuters. woolworths declined to comment. goldman sachs and ubs are working with carrefour on the sale.
Source :flex-news-food.com
Date :
21
July
2010
Category :
restaurants and Food industrie
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demand for caged eggs is waning and australia’s largest supermarket chain is reportedly planning to cut the number of brands in the category as a result. woolworths has denied reports they will rid their stores of all caged eggs, but they will separate their eggs more clearly, reduce the number of caged brands and phase out their own woolworths select caged egg brand that accounts for around 5 per cent of sales.
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a new private member’s bill to be tabled this week to australian parliament would, if passed, require australia’s major supermarkets to reveal what percentage of the retail price of their fresh produce goes to the farmers. the farm gate pricing bill, drafted by independent senator nick xenophon and house of representatives independent bob katter, would need the support of a major party, in order to be passed.
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woolworths’ everyday rewards scheme has helped boost sales at australia’s largest supermarket chain, according to its chief executive. michael luscombe, speaking at a corporate breakfast earlier this week, said that ever since the tie-up with qantas began - which sees their customers receive frequent flyer points - the spend per customer at their supermarkets has risen. “we got a lift in our basket size almost overnight,” he said, according to the australian.
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wesfarmers has announced a net profit after tax of $1.535 billion - up 44 per cent - as their coles turnaround gathers momentum. the wa-based conglomerate, owner of the bunnings and coles group stores as well as coal and fertiliser assets, said that their supermarket chain had met expectations with increasing customer numbers and basket growth. managing director, richard goyder, believed the result was strong given the economic conditions that confronted the group throughout the year.
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woolworths is planning to expand their thomas dux grocer brand to the city of adelaide as part of a national rollout, according to newspaper reports. the upmarket grocery subsidiary of australia’s largest supermarket chain was launched in sydney last year. it expanded beyond australia’s most populous city for the first time this year via the purchase of macro wholefoods; which will see them top up their network with five melbourne stores and a doubling of the 3 in nsw.
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the appointment of long-time asda executive andy clarke as chief executive of the supermarket operator suggests that us parent wal-mart is seeking strategic continuity at its uk arm, despite recent admissions that the company’s sales growth is falling below expectations. katy humphries reports.wal-mart announced yesterday (11 may) that it has promoted andy clarke to the post of president and chief executive officer, effective immediately.
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australia’s largest supermarket retailer, woolworths, has today told shareholders that they remain on track to meet their targets this year as changes to consumer behaviour continue to assist their supermarket operations. the retailer, which is set to celebrate its 85th birthday next week, reaped a record profit result last year of $1.8 billion after tax and expects this to climb as much as 11 per cent in the current financial year.
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minister for trade simon crean today announced the make-up of the business advisory panel to the building brand australia project, with two the country’s leading players in the fmcg sector joining forces. michael luscombe, ceo of woolworths - the nation’s largest supermarket chain and rob murray, chief executive of dairy, juice and alcohol group lion nathan national foods, will be on a six-member board to be chaired by eminent businessman david mortimer.
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australia’s largest supermarket operator has again posted strong sales growth in the first quarter and has reiterated its forecast for the full year. food and liquor sales again led the way, rising 7.8 per cent, or 5.8 per cent on a comparable store sales basis, while the group’s overall sales growth reached 4.2 per cent - hurt considerably by lower petrol prices (7.4% ex. petrol). food inflation was a more restrained 2.
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Coca.Cola
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PEPSI
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Mcdonald
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Nestle
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Mars
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Baskin & Robins
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Nutrika
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Mumika
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Chika
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