User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Tesco
Last updated: Jun 21 2016 04:41 IST RSS 2.0
 
1 to 20 of 1,834    
Made-in-India food products more delectable 21.6.2016 Hindu: Home
The Union Budget announcement on food products made in India extended to e-commerce firms
Also found in: [+]
Foreign firms can set up food-retail hubs 21.6.2016 All Economy & Policy Stories
Government said it decided to permit 100% FDI under government approval route for trading, including through e-commerce
Also found in: [+]
Indian-origin businessman to acquire restaurant chain in UK 11.6.2016 TOI: All Headlines
Indian-origin businessman to acquire restaurant chain in UK
Also found in: [+]
NRI businessman to acquire restaurant chain in UK 11.6.2016 TOI: All Headlines
NRI businessman to acquire restaurant chain in UK
Also found in: [+]
Indian-origin businessman to acquire restaurant chain in UK 11.6.2016 Deccan Herald - Business
Indian-origin food tycoon, dubbed as "Chicken King" for his successful poultry business in the UK, will add Tescos Giraffe restaurant chain to his empire as the British retail chain retrenches to focus on UK supermarkets. Ranjit Boparan will add Giraffe, acquired by Tesco in 2013 for 49 million pounds, to Boparan Holdings alongside the The Cinnamon Club, an upmarket Indian restaurant in central, The Times reported. Giraffe has 54 standalone restaurants, including 12 franchise sites and three within Tesco stores. "Giraffe is a much-loved brand and, while casual dining remains an important part of the shopping trip for many of our customers, we will continue to meet these needs through our Tesco Cafes and other providers," said Tesco chief executive Dave Lewis. The bulk of Boparans business is in supplying food to the big supermarket groups through 2 Sisters Food Group, a subsidiary of Boparan Holdings. The 49-year-old tycoon stands at No 267 on The Sunday Times Rich List with an estimated fortune of 430 ...
Also found in: [+]
UPDATE 2-UK Stocks-Factors to watch on June 10 10.6.2016 Sify Finance
(Adds company news item)
Also found in: [+]
Retail no man's land 9.6.2016 All Opinion Stories
Tesco demonstrates the art of the subtle U-turn
Also found in: [+]
McDonald's in historic agreement to contain Arctic cod fishing 25.5.2016 Deccan Herald - Business
Food giants McDonalds and Tesco have signed a "historic" agreement to not expand cod fishing into untouched parts of the Arctic, where the ice melt has sparked fears of a rush on unexploited areas, Greenpeace said today. "This is a historic agreement that brings together the main players in the cod fishing" in the Barents Sea and the Norwegian Sea, said Frida Bengtsson, a marine environment specialist at Greenpeace. "In the absence of significant legal protection of the icy waters of the northern Barents Sea, this is an unprecedented step from the seafood industry," she said. The agreement, which has been signed by global seafood suppliers as well as British retail chains Tesco, Sainsburys and Marks and Spencer, freezes bottom trawling in areas around the Svalbard archipelago. It requires seabed mapping to determine the fragility of an area before it is opened up for fishing. The agreement was brokered by environmental group Greenpeace and marks the first time the seafood industry has voluntarily ...
Also found in: [+]
Tesco Bank boss Benny Higgins spent more than £18,000 on taxis 20.5.2016 The Guardian -- Front Page

Despite a clampdown on costs, Higgins spent more than the annual salary of a supermarket shop assistant on taxis in eight months

The boss of Tesco Bank spent more than £18,000 on London taxis in just eight months last year, being taken to upmarket restaurants, private members’ clubs and the supermarket’s various head offices despite the tough new approach to costs adopted by the grocer’s chief executive, Dave Lewis.

When Lewis arrived at the business in October 2014, he ordered the immediate sale of the supermarket’s fleet of corporate aircraft and said he would be taking the train rather than a car into London from Tesco’s Hertfordshire head office. That saving alone, he said, would pay for an extra member of staff in store for a day.

Continue reading...
Also found in: [+]
Global, Indian biggies keen on food retail, says minister 29.4.2016 TOI: India Business
Also found in: [+]
Recruitment drive 20.4.2016 The Hindu: Today's Paper
Recruitment drive
Also found in: [+]
Recruitment drive 20.4.2016 Hindu: News
TESCO HSC, a technological and retail operations centre in Bengaluru, will conduct a recruitment drive to select candidates for the post of officer at the College of Business Administration Lingaraj C...
Also found in: [+]
Low prices every day 13.4.2016 Latest News
One thing Tesco doesn't stock is pricing power
Also found in: [+]
Tesco warns on profit growth in tough retail market 13.4.2016 The Guardian -- Front Page

Supermarket’s share price falls as Dave Lewis warns of ‘challenging and uncertain market’

Tesco’s share price has fallen after the boss of the UK’s largest supermarket chain expressed caution on its ability to grow profits, despite reporting its best domestic sales performance in more than three years.

Tesco eked a pre-tax profit of £162m compared with last year when it crashed to the biggest loss ever recorded on the UK high street, slumping £6.4bn into the red after taking massive writedowns on its property portfolio and stock.

Continue reading...
Also found in: [+]
Aldi cranks up the pressure on the big four supermarkets 2.4.2016 The Guardian -- Front Page
Armed with cheap steaks, award-winning wines and baby food, the discount chain aims to renew its offensive on a struggling retail sector

The German discounter Aldi, once derided as naff, low-quality and irrelevant, has more than doubled its market share in the past four years, overtaking Waitrose to become the UK’s sixth-largest supermarket chain.

Along with Lidl, it has shaken up the market and forced chains like Tesco and Morrisons to slash prices, shed staff and offload stores as they try to rescue profits. Only 5% of its products are big brands such as Colgate or Coca-Cola, yet sales are rising by more than 15% a year.

Continue reading...
Also found in: [+]
Local food majors seek strict provisions to ensure farmers benefit from new FDI rule 1.4.2016 ET: Food
A key condition for foreign companies to sell multi-brand food in India is that all the raw materials must be sourced locally and the products manufactured in India, Food Processing Minister Harsimrat Kaur Badal had said.
Also found in: [+]
UK supermarkets urged to stock more British lamb 20.3.2016 The Guardian -- Front Page

Only the German discount chain Aldi will sell entirely home-grown fresh lamb on a significant scale this Easter

Farmers have called on retailers to do more to support the British lamb industry, with only one supermarket chain set to sell entirely UK-grown lamb for Easter.

A classic roast leg of lamb remains a popular family dish over the Easter holiday. However, despite industry efforts to reduce the amount of chilled and frozen lamb imported from New Zealand, only the German discount chain Aldi will sell entirely British-grown fresh lamb on a significant scale this Easter.

Continue reading...
Also found in: [+]
Asda to cut up to 750 jobs 17.3.2016 The Guardian -- Front Page

Supermarket chain will also close staff canteens as part of turnaround plan called Project Renewal

Asda has confirmed plans to cut up to 500 jobs in stores and 250 at its head office in Leeds as the retailer battles to protect profits while sales slide.

The supermarket chain is to close staff canteens in all stores and axe some shopfloor services such as photo processing and pizza-making as part of a turnaround plan called Project Renewal.

Continue reading...
Also found in: [+]
Supermarkets pledge to cut food waste 20% by 2025 15.3.2016 Guardian: Environment

Local authorities and retailers including Asda, Sainsbury’s and Tesco sign voluntary Courtauld 2025 agreement to reduce food and drink waste

Britain’s leading supermarkets have pledged to drive down food and drink waste by a fifth within the next decade.

Retailers including Asda, Sainsbury’s, Tesco and Morrisons are backing a voluntary agreement, which also targets a 20% reduction in greenhouse gas emissions created by the food and drink industry.

Continue reading...
Also found in: [+]
How can you sell jeans for £5.99? Easy … pay people 23p an hour to make them 13.3.2016 The Guardian -- World Latest
As Lidl trumpets its latest clothing bargain, we estimate just how the high street cost is made up – and who is paying a heavy price

Abracadabra! “Jean genie Lidl magics up £5.99 denims,” shouted the headline in a newspaper last weekend as it extolled the brilliance of the cut-price supermarket chain in once again undercutting its rivals.

The German retailer, it explained, was continuing its assault on the traditional supermarket giants by targeting the high street fashion-conscious with jeans selling for an astonishing £12 less than a similar pair in Tesco.

Continue reading...
Also found in: [+]
1 to 20 of 1,834