Tesco in South Korea...Cadbury sells...Constellation buy...Fyffes in India...Wal-mart and the poor...Pathmark struggles...Russian talks..
Korean bid
Tesco has put in a bid for Carrefour's 32 South Korean stores. It is up against local retailers Lotte Shopping, Shinsegae and E-Land for the stores, which are valued at $1.86bn.
Cadbury sale
Cadbury Schweppes has sold its South African branded concentrate and soft drinks company Bromor Foods to South African food and healthcare company Tiger Brands for ZAR160m (£109m). The sale is subject to clearance by competition authorities.
Natural fit
Constellation Brands has acquired Canadian wine company Vincor International for CAD$1.27bn (£623m). Richard Sands, chairman and chief executive of Constellation, said that the transaction was "a natural fit".
High life
Fyffes has formed a 50:50 joint venture with Suri Fruit Agency, a distributor of high altitude fruits in Northern India. The new company will be called Suri Agro Fresh and will be based in Delhi. This is Fyffes' first direct investment in India.
Compassion
Wal-Mart is planning to build more than 50 stores over the next two years in poorer areas of the US. It said it would also work with small local businesses in a 'Jobs and Opportunities Zones' initiative, which would feature small local businesses in free local newspaper advertising and on the retail giant's in-store radio.
Less of a loss
US supermarket chain Pathmark has reported a full-year net loss of $40.1m (£23m) to end January 28 against a net loss of $308.6m (£176m) the year before. Full-year sales were $3,977.0m against $3,978.5m the year before, with like-for-like sales decreasing 0.8%.
Merger?
Russian supermarket chain Pyaterochka has confirmed that is it in discussions with Russian supermarket operator Perekriostok, which might result in a merger of the chains, both of which are centred in Moscow.
Korean bid
Tesco has put in a bid for Carrefour's 32 South Korean stores. It is up against local retailers Lotte Shopping, Shinsegae and E-Land for the stores, which are valued at $1.86bn.
Cadbury sale
Cadbury Schweppes has sold its South African branded concentrate and soft drinks company Bromor Foods to South African food and healthcare company Tiger Brands for ZAR160m (£109m). The sale is subject to clearance by competition authorities.
Natural fit
Constellation Brands has acquired Canadian wine company Vincor International for CAD$1.27bn (£623m). Richard Sands, chairman and chief executive of Constellation, said that the transaction was "a natural fit".
High life
Fyffes has formed a 50:50 joint venture with Suri Fruit Agency, a distributor of high altitude fruits in Northern India. The new company will be called Suri Agro Fresh and will be based in Delhi. This is Fyffes' first direct investment in India.
Compassion
Wal-Mart is planning to build more than 50 stores over the next two years in poorer areas of the US. It said it would also work with small local businesses in a 'Jobs and Opportunities Zones' initiative, which would feature small local businesses in free local newspaper advertising and on the retail giant's in-store radio.
Less of a loss
US supermarket chain Pathmark has reported a full-year net loss of $40.1m (£23m) to end January 28 against a net loss of $308.6m (£176m) the year before. Full-year sales were $3,977.0m against $3,978.5m the year before, with like-for-like sales decreasing 0.8%.
Merger?
Russian supermarket chain Pyaterochka has confirmed that is it in discussions with Russian supermarket operator Perekriostok, which might result in a merger of the chains, both of which are centred in Moscow.
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