New CEO ditches ‘Nestlé model’ after missing it four years in a row, and adopts more cautious tone in an uncertain emerging markets environment Source: Nestlé CEO ditches sales target after disappointing annual results
Shoprite’s share price jumped 7% and Steinhoff’s 6% after the retailers called off their proposed merger Source: Steinhoff 'terminates negotiations' with Shoprite over merger
Branded tissue products manufacturer Twinsaver Group is in talks to acquire hygienic disposable products company Validus Medical, further diversifying its portfolio in the fast-moving consumer goods sector. Source: Twinsaver looks to diversify portfolio through Validus acquisition
Retailer says the growth in clothing and general merchandise sales is ‘a good result in a tough and promotional market’ Source: Woolworths shares profit from sale of David Jones’s head office with shareholders
Steinhoff’s corporate activity unnerves European and local investors, and Christo Wiese’s proposed deal makes matters ‘more complicated’ Source: Steinhoff’s share price declines due partly to foreign acquisitions
Moody’s Investors Service has joined other ratings agencies and withdrawn all of its ratings on Edcon. Earlier in February, S&P Global also announced that it had withdrawn its ratings on Edcon, after downgrading the group’s long-term corporate credit rating to default. In a statement released on Monday, Moody’s said Edcon’s capital restructuring would short investors [...]
Of South Africans surveyed by Accenture Strategy, 81% have switched provider in the past year, and 40% say their views on brand loyalty has completely changed Source: Billions wasted on loyalty programmes as customers do not care
The Dutch brewer plans to buy the loss-making Brazilian breweries of Kirin Holdings, closing the door for the Japanese company's South American venture Source: Heineken takes on AB InBev in Brazil
The trading update is largely upbeat, but investor enthusiasm for the JSE’s retail sector has been tempered Source: Dis-Chem turnover fails to move investors
Pick n Pay is launching a credit facility that can be accessed through your existing Smart Shopper card, which gives you up to 55 days to pay back the money you borrow before the interest (21%) kicks in. Source: Pick n Pay launches Smart Shopper credit facility | City Press