User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Tesco
Last updated: Jul 30 2014 20:04 IST RSS 2.0
 
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Supermarket giants in Thailand for prawn slavery talks 30.7.2014 The Guardian -- Front Page
Morrisons and Tesco join Oxfam and others to create a taskforce to tackle slavery and trafficking in the seafood industry

UK and US supermarket groups are meeting in Thailand this week to create a taskforce to tackle trafficking and forced labour in the shrimp feed industry.

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Retailers search for clarity in govt's policy confusion 29.7.2014 Latest News
While the government may be looking at easing the rules for single-brand retail, multi-brand and online continue to be caught in a logjam
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Aldi catching up with Waitrose 29.7.2014 The Guardian -- Front Page
Discount supermarket's share rose to 4.8% from 3.7%, just behind Waitrose's 4.9%

The booming discount supermarket chain Aldi now commands almost as high a market share as the upmarket Waitrose, while their embattled mid-market rivals Tesco and Morrisons continue to bleed, latest industry data shows.

Aldi's share of the grocery market's till receipts rose to 4.8% in the 12 weeks to 20 July 2014, up from 3.7% at the same point last year, according to figures from retail analysts Kantar Worldpanel. In that period it grew sales by 4.8% to £1.2bn.

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Nervous supermarkets left with miles of aisles they don't want 27.7.2014 The Guardian -- Front Page
Tesco and Asda raced to add retail space for two decades. Now the shoppers have all gone elsewhere Continue reading...
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Local councils propose 'Tesco tax' on large supermarkets to raise revenue 26.7.2014 The Guardian -- Front Page
Derby city council leads calls for levy of up to 8.5% on large retail outlets, with money to be reinvested in local community

Local councils have asked the government to give them new powers to tax large supermarkets under a system similar to that already in place in Scotland and Northern Ireland.

A group of 20 local councils have backed what has been dubbed a "Tesco tax" in order to increase revenues which they say would be invested in the local community.

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Revealed: the dirty secret of the UKs poultry industry 23.7.2014 The Guardian -- World Latest
Two-thirds of fresh retail chicken in UK contaminated with campylobacter
Guardian findings prompt investigations at three major supermarkets
Government shelves plans to name and shame suppliers

Food poisoning scandal: how chicken spreads campylobacter Continue reading...
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Poultry processors and retailers respond to the campylobacter claims 23.7.2014 The Guardian -- World Latest
Companies including 2 Sisters, Faccenda, Tesco and Marks & Spencer have their say

Read the Guardians investigation into the UKs poultry industry Continue reading...
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Tesco board ousts CEO Philip Clarke after latest profit warning 22.7.2014 The Guardian -- Front Page
Philip Clarke after 40 years at Tesco, is to be replaced by Dave Lewis, head of Unilever's personal care business

Tesco boss Philip Clarke was brutally ousted on Monday after failing to halt a dramatic slide in sales and profits, and replaced by a little-known executive from Unilever with no retail experience.

Announcing Clarke's departure alongside a fresh profit warning, the company said Dave Lewis, who presides over brands such as Dove and Lynx as head of Unilever's personal care business, would take over as chief executive in the autumn.

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Rolling reaction as Tesco announces shock departure of CEO -- live 21.7.2014 The Guardian -- Front Page
Tesco's chief executive Philip Clarke is paying the price for the supermarket chain's poor performance, being replaced by Dave Lewis of ...
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Tesco boss Philip Clarke quits after another profit warning 21.7.2014 The Guardian -- Front Page
Supermarket chief to leave in October after failing to halt slumping sales, with Unilever director Dave Lewis to take the reins

Live updates about Philip Clarke's shock departure from Tesco

The boss of the UK's biggest supermarket, Tesco, is standing down in the autumn after the group issued another profits warning.

Philip Clarke's replacement as chief executive has been named as Dave Lewis, who leads Unilever's personal care business and was described by Tesco as "responsible for a number of business turnarounds".

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Trent sets up firm to run stores in non-FDI states 21.7.2014 Latest News
Tata run-Trent Hypermarkets has created a separate company to run its hypermarket stores in states that don't allow foreign investment in multi-brand retailing, such as Gujarat and Tamil Nadu.This was after it entered into a joint venture with UK's ...
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Tesco unlocks its landbank to build 4,000 new homes 18.7.2014 The Guardian -- Front Page
£1bn building plan comes after revelation of 310 unused sites, with retail plans shelved due to shift in shopping habits

Tesco is to build 4,000 new homes in an attempt to make use of its vast undeveloped landbank with a £1bn construction programme.

The plan, announced weeks after the Guardian revealed that Tesco is hoarding land that could support 15,000 homes, is the biggest housebuilding project ever announced by the supermarket.

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No decision on FDI in multi-brand retail trading: Govt 18.7.2014 Latest News
The government today said it has not taken any decision on permitting Foreign Direct Investment in multi-brand retail trading.
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E-commerce: Foreign brands seek clarity on eligibility 15.7.2014 Top Stories
Currently, while no foreign multi-brand retail chain such as the US's Walmart or the UK's Tesco can sell their products online in India
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Requiem for the petrol station 10.7.2014 The Guardian -- Front Page
Like record stores and travel agents, video shops and post offices, city centre petrol stations are a dying breed under pressure from supermarkets and out of place in London 3.0 Creative reuse of petrol stations share your pictures In September 2013, one of the last remaining petrol stations within London's congestion charging zone closed shop. The Jet filling station on Clipstone Street, located under the BT Tower on a labyrinthine one-way system, was frequented almost exclusively by cabbies and was well-stocked with smut mags two facts not apparently connected. Its closure merited a small obit in Fitzrovia News and the grumblings of a few cabbies with petrol gauges in the red. Less than a mile away, the countrys oldest petrol stations closed in 2008. Occupying that same corner of Store Street since 1926, a time when Model-Ts were still rolling off the production line in Detroit, the Bloomsbury Service Station looked like somewhere Postman Pat might have filled up at. In its place today stands a ...
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Economic Survey 2014: No decision on reviewing FDI policy for multi-brand retail, says Nirmala Sitharaman 9.7.2014 ET: Economy/Finance
The UPA government had permitted 51 per cent FDI in the politically sensitive multi-brand retail trading.
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No decision taken on review of FDI policy for multi-brand retail: Sitharaman 9.7.2014 Latest News
BJP had strongly opposed the policy of permitting FDI in the sector
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Carrefour exits India in talks to sell its 5 wholesale stores 8.7.2014 Hindustan Times: Business
French retail giant Carrefour on Tuesday said it will exit its India business and has initiated talks with Reliance Retail and Bharti Enterprises to sell its assets in the ...
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Marks & Spencer India sales jump 36% 8.7.2014 Latest News
British retailer Marks & Spencer posted 36 per cent growth in its sales in the country for the 13 weeks ended 2014, mainly driven by strong performance in womenswear, menswear, kidswear , and beauty sections, the company said. M&S has JV ...
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Carrefour to exit India business 8.7.2014 BBC South Asia
Carrefour, one the world's largest retail chains, is shutting its India business less than four years after it opened its first store in the country.
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