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Edcon asks bondholders to take loss

Jun 30 2015 20:07

Edcon has asked holders of the company’s €425m of 2019 bonds to take a loss on their investment as the company seeks to shore up its finances.


Steinhoff: Frankfurt listing to take place in Q4

Jun 29 2015 18:14

Steinhoff International says a planned stockmarket listing in Frankfurt will probably take place in the fourth quarter of this year, subject to regulatory approvals.


Dairy firm boosts stocks in Greece, expects hoarding

Jun 30 2015 13:10

A Dutch dairy company has boosted its stocks of condensed milk and infant formula in Greece in anticipation of stockpiling by consumers.


Bounty Brands shows strong growth

Jun 26 2015 20:06

Bounty Brands has acquired a further two new businesses with combined revenues of R440m, bringing Bounty’s total revenues to over R1bn.


PnP chair first African to lead global consumer body

Jun 26 2015 14:46

Pick n Pay chairperson Gareth Ackerman was elected as the new co-chair of the Consumer Goods Forum (CGF) in New York during the body’s annual summit.


Tesco beats forecasts with improved trading

Jun 26 2015 10:15

Britain's biggest supermarket Tesco has showed a tentative recovery in its key home market and is starting to move onto a stronger footing.


Famous Brands acquires 51% stake in Retail Group

Jun 23 2015 08:50

Famous Brands has acquired a 51% controlling stake in Retail Group, its master licence partner in Botswana, marking a new thrust in its Africa growth programme.


SA food chains take on London with aplomb

Jun 22 2015 13:50

It is not only Nando's that is influencing London’s restaurant scene, as more South African brands take on the industry abroad, according to a report by CNN.


Ferrero in bid to expand chocolate empire

Jun 22 2015 15:12

Ferrero, the maker of Nutella spread, has offered to buy British chocolate company Thorntons for £112m, a rare acquisition by the Italian group.


Nestlé cuts 15% of its Africa workforce

Jun 17 2015 11:00

Nestlé SA is cutting 15% of its workforce in 21 African countries because it says it overestimated the rise of the middle class, according to a report.

Inside Fin24.com


Wal-Mart has $76bn in overseas tax havens - study

Jun 17 2015 07:44

All of Wal-Mart’s roughly 3 500 stores in South Africa, China, Central America, the UK, Brazil, Japan and Chile appear to be owned through units in tax havens, a new study shows.


Kenyan supermarket CEO fired over 'misconduct'

Jun 16 2015 11:42

The board of directors of Uchumi Supermarkets has fired its chief executive, accusing him of "gross misconduct".

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