Tesco results: IGD’s view
UK: Co-operative Announces £2.5bn Loss After ‘Disastrous Year’; Sales Down In Food Business
The Co-operative Group today announced annual losses of £2.5bn after suffering the worst crisis in its history following the near-collapse of its banking arm.
UK: Independent Food Retailers Suffer Most from Supermarket Price Wars
New research from business recovery experts Begbies Traynor reveals that the UK’s smallest independent food retailers are by far the biggest unrecognised casualties of the current price war between country’s largest supermarket groups, which have slashed prices ahead of the busy Easter weekend in a bid to entice customers back from the popular discounters, Aldi and Lidl.
UK: Lipton Launches Major Summer Campaign
Britvic Soft Drinks has announced its biggest ever summer marketing campaign for the Lipton Ice Tea brand.
US: Post Holdings In $2.5bn Deal For Michael Foods?
Post Holdings is reportedly set to acquire processor and distributor Michael Foods in a $2.5bn deal, including debt.
GERMANY: Schwarz Group Reports Record Sales
The Schwarz Group has reported record new fiscal figures, highlighting its continued success in various markets.
the rest of today's retail industry news here