Filed under: International News
Shares of Ahold, the Dutch owner of the US Stop & Shop grocery chain, headed for their highest close in more than four years yesterday on talk that private equity firms may be interested in buying the firm.
Filed under: International News
US fast food chains, including McDonald’s and KFC, broke minimum wage laws in the southern Chinese city of Guangzhou, the state-backed labour union said yesterday, lobbying for tougher enforcement of local employment laws.
Filed under: Local News
Change in South African business is generally understood to mean greater representivity in management and ownership, while the agility challenge is seen as a matter of flatter structures and corporate re-engineering.
Filed under: Local News
The private equity buyout of Edgars Consolidated Stores (Edcon) hit its first snag yesterday after the world’s most famous emerging market investor, Mark Mobius, said the offer was 50 percent too low.
Filed under: Local News
Shoprite has been accused of withholding “market-sensitive information” from shareholders in a row over Absa Capital’s withdrawal of its preliminary fair and reasonable valuation of the proposed R15.2 billion private equity offer for the supermarket chain.
