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Sainsbury’s says not talking to internal candidates for CEO succession

5 days ago DieselGasoil Comments Off on Sainsbury’s says not talking to internal candidates for CEO succession
FILE PHOTO: Shoppers walk past the first ’till-free’ Sainsbury’s store in London, Britain, May 1, 2019. REUTERS/Toby Melville (Reuters) – Sainsbury’s (SBRY.L) is not talking to internal candidates about succession plans to Chief Executive Officer Mike Coupe and he has the full support of company’s shareholders and the board, a company spokesperson told Reuters late Read More

CFTC says Kraft, Mondelez to pay $16 million in wheat price manipulation case

6 days ago DieselGasoil Comments Off on CFTC says Kraft, Mondelez to pay $16 million in wheat price manipulation case
FILE PHOTO: Bottles of salad dressing, made by food conglomerate Kraft Heinz, are seen on a supermarket shelf in Seattle, Washington, U.S., February 10, 2017. REUTERS/Chris Helgren/File Photo (Reuters) – The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz Co and Mondelez International Inc will have to pay $16 million in penalty Read More

Amazon in talks to buy up to 10% stake in India’s Future Retail: Bloomberg

1 week ago DieselGasoil Comments Off on Amazon in talks to buy up to 10% stake in India’s Future Retail: Bloomberg
FILE PHOTO: The logo of Amazon is seen at their new warehouse during its opening announcement on the outskirts of Mexico City, Mexico July 30, 2019. REUTERS/Carlos Jasso/File Photo (Reuters) – Amazon.com Inc (AMZN.O) is in late-stage talks to buy as much as 10% of India’s Future Retail Ltd (FRTL.NS), Bloomberg reported on Tuesday, citing Read More

Kraft Heinz books more than $1 billion in charges, first-half profit slumps

2 weeks ago DieselGasoil Comments Off on Kraft Heinz books more than $1 billion in charges, first-half profit slumps
FILE PHOTO: Bottles of salad dressing, made by food conglomerate Kraft Heinz, are seen on a supermarket shelf in Seattle, Washington, U.S., February 10, 2017. REUTERS/Chris Helgren/File Photo (Reuters) – Kraft Heinz Co’s (KHC.O) net income halved in the first six months the year as the packaged food maker disclosed well over $1 billion in Read More

From brat to wurst? Germany proposes beefing up meat tax to battle climate change

2 weeks ago DieselGasoil Comments Off on From brat to wurst? Germany proposes beefing up meat tax to battle climate change
Meat-lovers in Germany may soon be forced to cut back on steak and sausage consumption; lawmakers have proposed nearly tripling the tax on meat in an effort to improve animal welfare and cut CO2 emissions. German politicians on Wednesday proposed raising the value added tax (VAT) on meat from a reduced rate of 7%, which it Read More

New York retail icon Barneys files for bankruptcy

2 weeks ago DieselGasoil Comments Off on New York retail icon Barneys files for bankruptcy
NEW YORK/PARIS (Reuters) – Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, pushed to the brink by falling revenue and soaring rent at its stores that caused many vendors to effectively stop shipping merchandise to the luxury department store chain. Barneys, which plans to slim down to Read More

New York fashion grandee Barneys files for bankruptcy protection

2 weeks ago DieselGasoil Comments Off on New York fashion grandee Barneys files for bankruptcy protection
(Reuters) – U.S. department store operator and fashionista favorite Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, underscoring how even luxury retailers are struggling to freshen their image and compete with online rivals. The nearly century-old chain, best known for swanky shop windows on New York’s Madison Read More

Luxury department store Barneys files for bankruptcy protection

2 weeks ago DieselGasoil Comments Off on Luxury department store Barneys files for bankruptcy protection
(Reuters) – U.S. luxury department store chain Barneys New York Inc filed for Chapter 11 bankruptcy on Tuesday and put itself up for sale after facing soaring rents and failing in its earlier attempts to find a buyer for the cash-strapped retailer. The Barneys New York sign is seen in a display window outside the Read More

Tesco to cut 4,500 jobs in Metro restructuring

2 weeks ago DieselGasoil Comments Off on Tesco to cut 4,500 jobs in Metro restructuring
FILE PHOTO: A company logo is pictured outside a Tesco supermarket in Altrincham northern England, April 16, 2016. REUTERS/Phil Noble/File Photo LONDON (Reuters) – Tesco (TSCO.L), Britain’s biggest retailer, said it would cut around 4,500 jobs from its Metro stores in a new wave of redundancies designed to cut costs and reposition the group to Read More