Shoprite’s long-serving Chairman Christo Wiese to retire next year

SOUTH AFRICA – South Africa’s largest retailer, Shoprite has announced that its long-time serving chairperson, Christo Wiese will retire at next year’s AGM putting an end date on a tenure that has spanned almost three […]

McDonald’s USA achieves 100% sustainably sourced McCafé coffee goal

USA – McDonald’s USA has announced that 100% of the ground and whole bean coffee for US restaurants is sustainably sourced, achieving the goal a year ahead of the 2020 schedule. McDonald’s said that the […]

Spar Group reports double digit growth in full year profit to US$187m

SOUTH AFRICA – The Spar Group, a South African retail chain has reported double digit profit growth of 12.9% before tax to R2.8 billion (US$187.1m) for the full year ended September 2019. The listed retailer […]

Burger King launches Unilever’s plant-based whoppers in Europe

EUROPE – Burger King is launching its plant-based Rebel Whopper in Europe made with patties from The Vegetarian Butcher, a meat-substitute producer owned by Unilever. The Vegetarian Butcher will supply the plant-based patties for Burger […]

Britain’s Sainsbury’s signs private label deal with Australian retailer Coles

UK – British supermarket group, Sainsbury’s has signed a major deal to supply private label products to Australia’s second largest retail chain Coles. The arrangement, which Sainsbury’s says is its biggest wholesale deal yet, will […]

Arla Foods to invest US$88m in expanding its cheese production plant in Denmark

DENMARK – Arla Foods will be investing €80 million (US$88.15 million) in expanding production capacity of its Branderup Dairy mozzarella production plant in Denmark. The expansion project is scheduled to begin early 2020. It will […]

Shoprite Holdings’ independent director resigns after company’s founder gets re-elected

SOUTH AFRICA – Shoprite Holdings Ltd.’s lead independent director, Shirley Zinn, resigned abruptly making Africa’s biggest supermarket chain now down to five non-executive directors. This comes two days after Christo Wiese’s almost 30-year stint as […]

Shoprite mulls exiting foreign markets as quarterly revenue plunge 4.9%

SOUTH AFRICA – Shoprite Holdings, Africa’s largest food retailer has reported a 4.9% fall in third-quarter revenue from its non-South African business attributing it to xenophobic violence. The Cape Town-based company started a review of […]

Colombia’s discount food retailer Ara Tiendas secures US$93m to expand operations

COLOMBIA – Ara Tiendas, a Colombian based proximity food discounter has secured a US$93 million (about COP330 billion) from the International Finance Corporation (IFC) to help it increase the foot print of its discount grocery […]