Retail news
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Harvey Nichols withdraws foie gras ahead of protests
- Posted:
- 03 August 2007 09:22
Luxury department store Harvey Nichols is to stop the sale of foie gras ahead of a planned national protest from animal rights group Viva! The company said that it would not be re-stocking French foie gras due to "commercial" reasons once current in-store supplies run out. Harvey Nichols is the latest ...read more
Tesco total sales rise while UK sales growth slows
- Posted:
- 19 June 2007 09:53
Tesco has seen group sales rise for the 13 weeks ended May 26th, driven by expanding international operations. However, UK sales haven’t shown the stellar levels of growth that have characterised the last few years. While total group sales showed a strong start to the year with 10% growth, UK ...read more
Tesco acquires Malaysian Makro
- Posted:
- 06 December 2006 09:54
Tesco has announced that it has acquired the Makro business in Malaysia. The deal, which is subject to regulatory approval, will see the eight Makro Cash & Carry stores and operations transferred to Tesco for an undisclosed sum. In a statement, Tesco said: "This strategic move will help the company ...read more
Acquisitions hit profits at Metro
- Posted:
- 01 November 2006 09:31
Germany’s Metro group, owner of the UK chain Makro, reported a 31% fall in profits yesterday, mainly due to the costs of acquisitions. Group sales were up 6.3% in the third quarter and the group predicted that sales growth for the year would average around 6%. Despite tough trading conditions ...read more
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