Coke jobs go
Coca-Cola is to cut 1,000 jobs following the merger of three divisions in North America.
The soft drink giant said Coca-Cola North America, Coca-Cola Fountain and its Minute Maid juice operation would be united in a new business unit. And the operations of its Odwalla drink unit and Danone Waters of North America would also be included in the restructuring. Coke said it expected half the redundancies to be in Atlanta, where the company has its headquarters.
Strong sales
Colgate-Palmolive posted a 2.5% increase in annual sales.
The increase represents its strongest sales growth in five years. For the year ended December 31 the US-based maker of toothpaste, soaps, floor wipes and fabric cleaner said total sales rose to $9.3bn from $9.1bn last year with profit before tax climbing from $1.7bn to $1.9bn.
Volumes in Europe, which accounts for a fifth of group sales, were up 5%.
2003 opening
Carrefour has announced it will be opening a second store in Singapore by the end of 2003.
The store, which will be over 6,500 sq m, will be located in the Plaza Singapura shopping centre and will be split across two levels. Carrefour's MD in Singapore Luc Dayot said the company would be investing more than $10m on fitting out the new store.
Carrefour opened its first hypermarket in Singapore in 1997.
Brewer's buy
London-based brewer SABMiller said its Polish subsidiary Kompania Piwowarska has agreed to buy Browar Dojlidy to make it the largest brewer in Poland. KP has paid E35.15m for a 98.9% stake in Dojlidy, including an outstanding loan from Radeberger Gruppe AG.
Ahold sale
Ahold is in discussions to sell its Chilean supermarket activities the Santa Isabel chain to Chilean retailer Cencosud. The sale would fit with Ahold's strategy to focus on growth in its core businesses, cut debt and rationalise its portfolio.
Coca-Cola is to cut 1,000 jobs following the merger of three divisions in North America.
The soft drink giant said Coca-Cola North America, Coca-Cola Fountain and its Minute Maid juice operation would be united in a new business unit. And the operations of its Odwalla drink unit and Danone Waters of North America would also be included in the restructuring. Coke said it expected half the redundancies to be in Atlanta, where the company has its headquarters.
Strong sales
Colgate-Palmolive posted a 2.5% increase in annual sales.
The increase represents its strongest sales growth in five years. For the year ended December 31 the US-based maker of toothpaste, soaps, floor wipes and fabric cleaner said total sales rose to $9.3bn from $9.1bn last year with profit before tax climbing from $1.7bn to $1.9bn.
Volumes in Europe, which accounts for a fifth of group sales, were up 5%.
2003 opening
Carrefour has announced it will be opening a second store in Singapore by the end of 2003.
The store, which will be over 6,500 sq m, will be located in the Plaza Singapura shopping centre and will be split across two levels. Carrefour's MD in Singapore Luc Dayot said the company would be investing more than $10m on fitting out the new store.
Carrefour opened its first hypermarket in Singapore in 1997.
Brewer's buy
London-based brewer SABMiller said its Polish subsidiary Kompania Piwowarska has agreed to buy Browar Dojlidy to make it the largest brewer in Poland. KP has paid E35.15m for a 98.9% stake in Dojlidy, including an outstanding loan from Radeberger Gruppe AG.
Ahold sale
Ahold is in discussions to sell its Chilean supermarket activities the Santa Isabel chain to Chilean retailer Cencosud. The sale would fit with Ahold's strategy to focus on growth in its core businesses, cut debt and rationalise its portfolio.
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