World News

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Alibaba Shops For Hypermarket Chain Sun Art In $3.6bn Deal

Alibaba Group Holdings said on Monday it will invest $3.6 billion to acquire a controlling stake in hypermarket operator Sun Art Retail Group Ltd, gaining...

Russia's O'Key Group To Expand Online Delivery Service

Russian retailer O'Key Group has announced that it has signed a cooperation agreement with SberMarket to expand its online delivery service. As part of...

Finnish Trade Sector Sees Growth In Turnover In August

Finland’s trade sector has seen a 0.7% increase in working-day adjusted turnover in August 2020 compared to the same period last year, according to&n...

X5's Pyaterochka A Standout Performer As Russian Retailer Unveils Q3 Results

Russian retailer X5 Retail Group said that its Pyaterochka banner was the standout performer in its third quarter, seeing like-for-like sales growth of 8.5...

New Report Highlights How Supermarkets Can Help 'Turn The Tide' On Obesity

The role of supermarkets in helping to combat obesity on a local level is the subject of a new report by The Consumer Goods Forum alongside Guy’s and...

Mondi Delivers ‘Resilient’ Performance In Third Quarter

Packaging firm Mondi delivered a 'resilient' performance in the third quarter of its financial year, seeing strong demand for corrugated packaging and some...

Metro Turnaround Continues, As Q4 Sales 'On A Par' With Last Year

Wholesaler Metro said that its fourth quarter like-for-like sales performance was 'roughly on a par' with the previous year, driven by a 'notable' recovery...

Italy's MD Sees 16% Growth In Turnover In H1 2020

Italian discounter MD has registered a 16% increase in turnover during the first half of 2020, compared to the same period last year. This performance,...