Shopping centre industry honours top achievers

Sep 19 2017 17:05

The 2017 Retail, Design and Development Awards winners were announced at the SA Council of Shopping Centres Annual Congress in Cape Town.


Toys 'R' Us SA safe from US bankruptcy filings

Sep 19 2017 16:23

Despite its global affiliate facing huge debts and filing for bankruptcy, business for the South African Toys 'R' Us and Babies 'R' Us is booming.


Toys ‘R’ Us seeks bankruptcy, crushed by debt and online rivals

Sep 19 2017 10:41

Toys 'R' Us, the once-dominant specialty retailer and ultimate toyland for a generation of post-war baby boomers, has filed for bankruptcy thanks to a crushing debt load.


WHL Australasia makes management changes

Sep 20 2017 18:22

WHL Australasia has made two key appointments completing the formation of its Australasian regional management team and the implementation of its new regional structure.


Yuppiechef to open brick and mortar store

Sep 18 2017 19:33

Online retailer Yuppiechef will open its first brick and mortar store next month in Cape Town's northern suburbs.


Steinhoff case to be heard in Amsterdam

Sep 18 2017 14:07

Steinhoff International says that in its dispute with a former joint venture partner, a hearing concerning two German companies will be heard in the Amsterdam Court of Appeal in September.


Nestlé said to pay $425m to buy Blue Bottle Coffee

Sep 15 2017 10:08

Nestlé SA has agreed to acquire a majority stake in Blue Bottle Coffee as the Nespresso owner seeks to bolster its US presence amid increasing demand.


Hermès adds to concern strong euro may erode luxury sales

Sep 14 2017 12:59

Hermès has warned that profitability probably reached a peak and that the strong euro is set to erode 2018 sales of the company’s Birkin handbags and other luxury goods.


Spur sales top R7bn as consumer pressure tightens

Sep 07 2017 11:27

Spur Corporation has grown restaurant sales from continuing operations to R7.2bn in the year to June 2017 as discretionary spending came under pressure.


Shoprite guilty of reckless lending, fined R1m

Sep 06 2017 11:00

The National Consumer Tribunal has fined Shoprite R1m, after a probe showed the retailer did not conduct adequate checks to find out if its lenders could service its loans.

Inside Fin24.com


Shoprite buys back R1.75bn of shares from ex-CEO Whitey Basson

Sep 06 2017 07:47

Shoprite shareholders voted in favour of the purchase of about R1.75bn of shares from former CEO Whitey Basson, enabling Africa’s largest food retailer to buy at a discount to the current share price.


Shoprite shareholders to vote on Whitey Basson's R1.7bn share sale

Sep 05 2017 10:44

Shoprite investors will vote on whether to approve a proposed repurchase of about R1.7bn of shares from former CEO Whitey Basson.

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