Supermarket

Reliance Retail may convert Metro Cash & Carry stores into B2B outlets

They may not be converted into hypermarkets and supermarkets as many are on city outskirts

Analysts remain bearish on liquor companies despite Q1 volume gains

Raw material pressures and lack of pricing power key reasons for this view

Damani's budget grocery chain DMart eyes fivefold growth in heated market

Avenue Supermarts could scale up the chain known for its knockdown prices on everything from lentils to laundry powder to 1,500 supermarkets from 284

FMCG volumes recover in urban India in April-June, decline in rural: Report

Customers buying smaller packs as both traditional kirana shops and modern supermarkets clock business: NielsenIQ

BigBasket FY22 revenue up 17% to Rs 7,119 cr, loss widens 4x to Rs 813 cr

BigBasket expects GMV to grow 30% to Rs 13,000 cr in FY23 with quick commerce push; will scale up offline stores from 90 to 695 in a year, will double footprint to 70 cities

UAE-based billionaire Yussuf Ali's Lulu Group enters UP with supermarket

Known for its sprawling business interests worldwide, billionaire Yussuf Ali-led Lulu Group is now entering northern India with one of the largest supermarkets in Uttar Pradesh

UAE's Lulu Group expands in country of its founder Yusuff Ali

Abu Dhabibased supermarket chain Lulu Group opened a mall in Lucknow on Sunday as it expands in the country of its founder Yusuff Ali.

Gunman opens fire in Buffalo supermarket in US, kills 10 in hate crime

Police said he shot 11 Black victims and two who were white before surrendering to police

Maharashtra govt nod for wine sale in supermarkets unfortunate: Anna Hazare

Social activist Anna Hazare on Monday said it was unfortunate that the Maharashtra government was giving priority to liquor sale for financial gains

Decision to allow wine sale in supermarkets smacks of a 'deal': Fadnavis

Maharashtra Leader of Opposition Devendra Fadnavis on Friday said that the Maha Vikas Aghadi government's decision on Thursday to allow sale of liquor in supermarkets smacked of a "deal"

DMart forays into Haryana, opens 94,000 sq ft store in Faridabad

This is the second DMart store in NCR, the first one is in Ghaziabad.

Bidding war for British supermarket chain Morrisons heats up

Shares in British supermarket chain Morrisons spiked higher Friday after New York-based private equity firm Clayton, Dubilier & Rice trumped a previous offer for the company with a 7 billion-pound ($9.5 billion) bid. Morrisons' board has accepted the offer and said shareholders should vote in favor of the takeover at a meeting due in early October. That means the company has withdrawn its recommendation for investors to accept a previous 6.7 billion-pound takeover deal from a consortium led by rival private equity firm Fortress, which said it was considering its options. The news of the new offer and the possibility of a continuation in the bidding war buoyed Morrisons' share price. In morning trading in London, it was up 4.3% at 291.20 pence. Morrisons is Britain's fourth-largest retailer, employing about 110,000 people in nearly 500 stores and over 300 gas stations. The new offer comes a week after CD&R was given an extended deadline until Friday afternoon by British ...

Fortress-led group to buy UK's Morrisons for $8.7 billion

Morrisons, the UK's fourth-largest supermarket chain, has accepted a 6.3 billion-pound (USD 8.7 billion) takeover bid from a group of buyers led by Fortress Investment Group. The deal comes as investment firms look for opportunities in Britain, where the country's departure from the European Union and the COVID-19 pandemic have weighed on share prices. Just last month, Morrisons rejected an unsolicited offer of 5.5 billion pounds from New York-based Clayton, Dubilier & Rice, saying the bid undervalued the company. The group led by Fortress, a New York-based private equity firm, agreed to pay 254 pence per share for Morrisons, 42 per cent more than the shares were worth before the bid from Clayton Dubilier. The buyers also include the Canada Pension Plan Investment Board and Koch Real Estate Investments. We have looked very carefully at Fortress' approach, their plans for the business and their overall suitability as an owner of a unique British food-maker and shopkeeper, said ...

Sandwich chain to tailor: Companies adapt again as workers return to office

Retailers like sandwich chain Pret a Manger Ltd can serve as a model for how to accommodate remote workers.

UK supermarket giant Tesco sees profit dented by Covid related costs

Tesco is Britain's biggest supermarket

India retail: A nearly $900 billion market dominated by mom-and-pop stores

India's retail landscape is changing, with global and domestic consumer and retail behemoths fighting tooth and nail to woo shoppers, as many choose large, clean supermarkets over crowded local stores

FMCGs shore up trade margins, consumer promotions ahead of festive season

Margins not impacted significantly even as firms offer everything from price-offs and grammage increase to buy-one-get-one free schemes, combo packs

Indian-origin brothers pull off coup, buy UK supermarket chain Asda

Pull off an acquisition bigger than the Tatas' Corus and JLR deals, will hold controlling stake while Amazon will own a minority share

Small and local brands grow big in FMCG market amid coronavirus lockdown

Companies say low-unit packs as well as lesser-known brands seeing greater traction during lockdown

COVID-19 panic-buying: Factories re-orient ops as US supermarkets run dry

Retailers have warned that hoarding toilet paper, cleaning supplies and food staples was fueling shortages and stoking fear