Filed under: International Company News
Shares in J Sainsbury surged 7 percent yesterday after an unidentified buyer snapped up a 14 percent stake in the UK’s third-largest grocery chain.
Filed under: Local Company News
The competition tribunal yesterday approved Bain Capital’s buyout of Edgars Consolidated Stores (Edcon) for R25 billion.
Filed under: Local Company News
PICK ‘N PAY After facing many questions about how it would recapture its position as the best supermarket retailer in the country, this company has come up with some answers.
After almost forty years of debating whether to centralise distribution, chairman Raymond Ackerman has agreed that Pick ‘n Pay will step gingerly down this path. Putting this more efficient distribution system in place may have been inevitable considering increasing congestion on urban roads, but it is the phased introduction of the system that is particularly interesting. (more…)
Filed under: Local Company News
Shares of Woolworths Holdings climbed to a record yesterday on speculation that private equity firms may make a bid for the firm.
