User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Tesco
Last updated: Jul 11 2016 12:12 IST RSS 2.0
 
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Sterling's fall could batter UK's fish & chips 10.7.2016 All Economy & Policy Stories
British pound has fallen to a 31-year low, leaving it 13% weaker against the dollar
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Sterling's fall could batter UK's fish & chips 10.7.2016 Sify Finance
By Martinne Geller
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High-street headaches 8.7.2016 Latest News
British retail sleepwalks into Amazon-ageddon
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India a bright spot for Tesco 5.7.2016 Latest News
UK-based retail chain's India operations have registered highest growth in like-for-like sales
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How Tesco India measures up 4.7.2016 All Companies Stories
UK-based retail chain's India operations have registered highest growth in like-for-like sales
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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
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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
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Indian-origin businessman to acquire restaurant chain in UK 11.6.2016 TOI: All Headlines
Indian-origin businessman to acquire restaurant chain in UK
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NRI businessman to acquire restaurant chain in UK 11.6.2016 TOI: All Headlines
NRI businessman to acquire restaurant chain in UK
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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 ...
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UPDATE 2-UK Stocks-Factors to watch on June 10 10.6.2016 Sify Finance
(Adds company news item)
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Retail no man's land 9.6.2016 All Opinion Stories
Tesco demonstrates the art of the subtle U-turn
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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 ...
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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.

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Global, Indian biggies keen on food retail, says minister 29.4.2016 TOI: India Business
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Recruitment drive 20.4.2016 The Hindu: Today's Paper
Recruitment drive
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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...
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Low prices every day 13.4.2016 Latest News
One thing Tesco doesn't stock is pricing power
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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.

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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.

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