Whitbread acquires remaining stake of its Costa Coffee venture

CHINA - Whitbread has acquired the remaining 49% stake of its Costa Coffee venture in southern China for £35milion. The British hotels to restaurants group, which already owns 51 per cent of its southern China joint venture, is buying the rest of the business from Chinese partner Yueda. Its other China joint venture – which…

Botswana retailer invests US$20m to enter SA market

BOTSWANA - Sefalana Holdings will invest about P200 million (R250 million, US$20 million) in a consortium for acquisition of supermarket and wholesale chains in South Africa as part of the BSE-listed retailer’s expansion plans. In a statement, the company said the largest participant in this consortium is the well-established buying group, Unitrade Management Services (Pty)…

Whole Foods Market partners to launch cold brew bottle teas

USA – Argo Tea, the Chicago-based premium tea brand known for its all-natural tea-based signature drinks and loose-leaf teas, has partnered with Whole Foods Market to launch a ready-to-drink cold brew bottled teas range available in different flavours. “We’re passionate about creating new ways for people to experience tea. With our new cold brew teas, we…

Tru-Cape delivers over 20 million cartons to Shoprite Group

SOUTH AFRICA - The Shoprite Group has purchased over 20 million cartons of apples and pears from Tru-Cape Fruit Marketing for its 2,689 Shoprite and Checkers outlets in 15 African countries and the Indian Ocean Islands. In 2010 Tru-Cape marked the delivery of its 10,000,000th carton of fruit to The Shoprite Group’s fruit and vegetable…

Aldi gets award for Supermarket of the Year at Retail Industry Awards

UK - Aldi received a Supermarket of the Year Award, among other awards that included Chilled Retailer of the Year and Fresh Produce Retailer of the Year at the Retail Industry Awards 2017, for the third consecutive year. The award, which was received amidst the stiff competition from Tesco and Morrisons, was judged by an…

Ex-Tesco exec steps down as Nakumatt Chief Marketing Officer

KENYA – The former executive of British retail giant Tesco, Andrew Dixon has left the troubled Nakumatt Supermarkets where he had served as Chief Marketing Officer since January. Andrew Dixon had been appointed as the chief marketing officer, at a crucial time as the retailer was preparing to complete an offloading transaction of 25% stake…