Retail chain Tuskys taps former Coca-Cola’s director to drive business growth

KENYA – Tuskys Supermarkets, Kenya’s leading retail chain, has appointed Daniel Kipchumba Koech, a former Africa sales and marketing director of Nairobi Bottlers Ltd and subsidiary of Coca-Cola Beverages into a role in the company. […]

Majestic Wine to sell retail & commercial units to Fortress for US$121m

UK – Majetsic wine, UK largest wine retailer, is set to offload its retail and commercial business for US$121.06 million (£100m) after entering into a sale agreement with US-based Fortress Investment Group LLC. Under the […]

South Africa’s Masscash chief executive Kevin Vyvyan-Day to resign

SOUTH AFRICA – Masscash, the food, liquor and general merchandise wholesale division of Massmart, has announced the resignation of the its chief executive officer, Kevin Vyvyan-Day, with effect from the end of August. Massmart Holding […]

Pick n Pay appoints Lerena Olivier as new chief finance officer

SOUTH AFRICA – Pick n Pay Stores, South Africa’s third largest grocery retailer, has appointed senior executive Lerena Olivier as the new chief finance officer (CFO), effective September 6, 2019. Oliver will replace Pick n […]

South African retailer Woolworths exits Ghana in second retreat from West Africa

GHANA – Woolworths, a South African based retailer has closed down its operation in Ghana as it moves closer to consolidating its share across other African markets. Woolworths, which retails organic foods and designer clothing, […]

Ethiopian retailer Queens Supermarket opens new US$2.06m branch

ETHIOPIA – Queens Supermarket, the retail business under the MIDROC Technology Group, has opened a new branch in Keranio, western Ethiopia, after investing US$2.06 million (59.3 million Br). The branch, which brings the total number […]

Pick n Pay to engage competition regulator over report on market dominance

SOUTH AFRICA – South African retail chain, Pick n Pay, has said that it will continue to engage South African competition regulators to address its concerns about the retailer’s market dominance in shopping malls. This […]

Dean Foods appoints Eric Beringause new President and CEO

USA – Dean Foods, America’s leading food and beverage manufacturer has appointed Eric Beringause as the company’s new President and Chief Executive Officer effective July 29, 2019. Eric who will also join the Dean Foods […]

Wessanen UK expands Kallø range with honey rice and corn cakes

UK – Wessanen UK has expanded its Kallø portfolio of rice cakes with a new honey rice and corn variant. Containing three ingredients – rice, corn and honey – the organic product will be available […]

PepsiCo to acquire 26% stake in China’s Natural Foods for US$131m

CHINA – PepsiCo has announced that it will acquire 26% stake in China’s second-largest natural health food company, Natural Food International for US$131 million. The US-based beverages and snacks giant will acquire issued ordinary shares […]