Retail news from FPJ – Page 290
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Sainsbury's private-equity deal unravels
CVC, the private equity firm heading up a bid for retailer Sainsbury’s, has reportedly called in the help of Goldman Sachs’ private equity division in an attempt to save its fast-collapsing proposal.
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Competition Commission extends enquiry
The Association of Convenience Stores (ACS) has welcomed a decision by the Competition Commission to extend the timetable of investigation into the grocery market by three months.
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ArticleSainsbury's bidding consortium dealt further blow
Shares in Sainsbury’s tumbled by 15p to 546p this morning, a 2.5 per cent drop, amid reports that Texas Pacific Group (TPG) has withdrawn from the CVC-led private equity consortium heading up a bidding war for the supermarket chain.
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ArticleChilled cabinets could be on way out
The major UK retailers have combined to challenge manufacturers of chilled and frozen display cabinets to find natural alternatives to environmentally-damaging HFC refrigerants.
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ArticleIncreasing drive for home procured food
The rising importance of procuring home grown produce for public institutions was reflected by an enthusiastic audience at a recent conference in the north east.
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Waitrose's Williamson moves up
Mark Williamson has been appointed to the Waitrose management board and the post of supply chain director by John Lewis Partnership.
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ArticleSainsbury's bid finally tabled
A bid for Sainsbury’s has reportedly been tabled by private equity groups, but according to the national media, family shareholders are not in favour.
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Somerfield has Easter egg on face
Somerfield was left with Easter egg all over its face when its PR department mistakenly told the world that handing out chocolate eggs symbolises "the birth of Jesus."
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ArticleTNS: top three in fine fettle
Latest TNS figures show top three supermarkets performing well above retail industry average.
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Sainsbury's trustees unaware of imminent bid
A spokesman for Sainsbury's pension trustees said yesterday that the trustees are unaware of any imminent bid for the supermarket chain, after traders cited market talk that a private equity offer is in the pipeline.
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ArticleTesco defines "local" as 30-minute drive
Tesco made a bid to alter the Competition Commission’s definition of “local” yesterday by arguing that it constitutes a 30-minute drive from home to a store.
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New mushroom guide from The Greenery
The Greenery has launched The Mushroom Guide to help retailers choose the best products from its extensive range of mushrooms.
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ArticleTesco to deny watchdog accusations
Retail giant Tesco is expected to hit back at allegations that it exerts a stranglehold over the UK’s grocery market.
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ArticleIt's a WRAP, as M&S repackages salad range
Following a WRAP (Waste & Resources Action Programme) funded project trialing a new way to seal flexible film bags and pouches, the product is being rolled out across the Marks & Spencer (M&S) salad category.
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Research on show at PLMA event
The spotlight will be turned on private labels at the Private Label Manufacturers Association’s (PLMA) World of Private Label International Show, to be held on 22-23 May in Amsterdam’s RAI Exhibition Centre.
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Rare cherries send prices soaring
Fresh cherries costing an astonishing £19.49 for a 300g punnet went have gone on sale across Tesco stores in London and the south-east.
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Consumers' mixed views of supermarkets
A survey conducted for The Times by Populus in conjunction with Good Business has revealed what consumers feel is important when choosing a supermarket.
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Organic pricing indices become a reality
For the first time organic vegetable price information will be available to the sector through a joint project between HDRA and the Soil Association.
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Fresh Ideas rewards innovation
UK salad companies HumberVHB and Westland Nurseries were the recipients of a Fresh Ideas award at the International Food Exhibition 2007 (IFE07).
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ArticleSomerfield deems itself attractive target
The UK’s fifth-largest supermarket chain sees itself as an attractive target, chairman John Lovering said on Wednesday.