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Nestlé Opens Door To L'Oreal Stake Sale As Growth Slumps

Nestle SA opened the door to a possible sale of its L’Oreal SA stake in a move that would help Chief Executive Officer Mark Schneider sharpen the Swi...

Private Label Sales Boost Morrisons' Performance Over Christmas

UK retailer Morrisons has posted a 2.8% increase in sales in the ten week period to 7 January, with the retailer saying that sales of its The Best private...

Moody’s Downgrades Steinhoff Following ‘Accounting Irregularities’ Announcement

Moody’s Investors Service has announced that it has downgraded the issuer ratings of Steinhoff International Holdings N.V. (Steinhoff) and Steinhoff...

Ocado Signs Partnership With Groupe Casino - What The Analysts Said…

Online retail specialist Ocado has signed an international partnership with Groupe Casino, which will see it develop a ‘scalable, modular end-to-end...

Alibaba Singles Day Racks Up $1 Billion In Sales In Two Minutes

Alibaba Group kicked off its annual Singles’ Day shopping bonanza, logging $1 billion in gross merchandise volume within the first two minutes. Sh...

UK Supermarket Sector’s ‘Big Four’ All Post Growth In Latest Kantar Figures

All of the UK’s ‘Big Four’ supermarkets posted growth in the latest Kantar Worldpanel market-share figures for the 12-week period to 13 A...

Convenience Group McColl's Signs Agreement With Morrisons

UK convenience group McColl's has announced an agreement with Morrisons that will see the retailer supply selected products to McColl's estate of 1,300 con...