Interviews & Comments

S & P lowers Carrefour rating after 2018 results

S & P lowers Carrefour rating after 2018 results

PARIS, March 22 (Reuters) – Standard & Poor’s downgraded Carrefour’s long-term credit rating from ‘BBB +’ to ‘BBB’ on Friday, citing weaker-than-expected annual results and restructuring costs weigh on margins and cash. “While Carrefour has made good progress in the first year of its five-year transformation plan, we believe that fierce competition and additional restructuring […]

Leclerc inaugurates its first organic market in the Grand Est

Leclerc inaugurates its first organic market in the Grand Est

  Leclerc is opening its first organic store in Germany and the second one after its first store in Charente-Maritime, France.   The French-based retailer has announced through its CEO that it is having its first store concept dedicated to organic products in the first store inaugurated in Saintes where the focus is on local and short-circuit supply.  “Our […]

Iceland wins the 2018 Supermarket Survey Award

Iceland wins the 2018 Supermarket Survey Award

  Environmental Investigation Agency has declared the winners of their 2018 supermarket award based on a survey of the best supermarket Plastic Policy.   The evaluation tackled reducing single-use plastic, eliminating non-recyclable plastic, influencing suppliers and transparency. Checkingoutonplastics.org stated:  “Based on their survey responses, retailers were scored on their commitments to reduce single-use plastic, eliminate non-recyclable plastic packaging, engage […]

AB7: Africa’s Biggest F&B Expo Keeps Getting Bigger

AB7: Africa’s Biggest F&B Expo Keeps Getting Bigger

AB7: Africa’s Biggest F&B Expo Keeps Getting Bigger “It’s time that Africa gets recognition for its status in the world as an economic powerhouse on a stable path to growth,” says John Thomson of Exhibition Management Services, the organisers of Africa’s Big Seven (AB7) food and beverage expo. AB7 takes place from 19 to 21 […]

Crisis not yet over for the big four, says Sainsbury’s chief

Crisis not yet over for the big four, says Sainsbury’s chief

UK’s biggest supermarkets have not yet reached the low point in the crisis caused by the rise of German discounters Aldi and Lidl, says Sainsbury’s, the country’s second biggest supermarket. Sainsbury’s and its “big four” British adversaries, Tesco, Wal-Mart’s Asda and Morrisons, have seen share, profits, and sales hit by a severe price war to […]

Fortnum and Mason forecasts record Christmas sales

Fortnum and Mason forecasts record Christmas sales

Fortnum and Mason hopes to have its best ever Christmas after site deals helped yearly incomes and benefit hit a record. Sales at the retailers’ stores– including Fortnum’s major store in London’s Piccadilly – rose 13% last year. The upmarket retail chain group, established 308 years prior, reported deals up 19% to £88m for the […]

Action on Sugar calls for a 20 percent tax on sugar drinks and sweets

Action on Sugar calls for a 20 percent tax on sugar drinks and sweets

Action on Sugar is demanding a 20 percent tax on sugary beverages and desserts, alongside new labeling on all food and strict targets to change the content of food which are made and sold in Britain. The campaign group says such moves could take after past techniques to lessen salt substance in nourishments. National targets […]

Deliveroo gets $100m for global expansion

Deliveroo gets $100m for global expansion

Deliveroo, the London based food delivery startup has amassed $100m (£66m) from different venture capital funds including Facebook stakeholders Accel and DST Global to fuel the company’s global expansion project. The funding round is Deliveroo’s third this year, bringing its aggregate capital brought up in the previous 12 months to $195m. Will Shu, CEO, said […]

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