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Retail News

Actis invests R760m in Food Lover's Market
© dotshock – 123RF.com
Actis, a multi-asset emerging market investor with headquarters in London, has announced an investment of R760m ($54m) in Food Lover's Market. The private equity firm is acquiring a substantial minority stake in the business and backing founders Brian and Mike Coppin, together with the existing management team, who have created a remarkable success story based on a market leadership position in fresh produce retail. 4 Dec 2015
Sale of leading brands likely as beer giants make deal easier to swallow
© Ivan Mateev – 123RF.com
SABMiller would probably need to sell top European brands Peroni and Grolsch to gain competition authority approval for its proposed merger with Anheuser-Busch InBev (AB InBev), the parties said yesterday. 4 Dec 2015
New Superspar opts for vinyl floors
The Superspar Eagle Canyon, on the corner of Christian de Wet and Scott Streets in Boskop, Roodepoort, has decided to install vinyl floors in its 2700m² store, instead of opting for more traditional floor coverings. 4 Dec 2015
Q4 manufacturing business confidence stable at 34
© ndoeljindoel – 123RF.com
Manufacturing business confidence is stable in this quarter, but challenges remain for the sector, an index has shown. 4 Dec 2015
Wearables market surge led by Apple, Chinese makers
© Geoffrey Goldswain – 123RF.com
WASHINGTON - The global market for wearable tech surged in the third quarter, fueled by the Apple watch and gains from Chinese manufacturers, a market tracker said on Thursday. 4 Dec 2015
Solar powers heart of winery
The carbon footprint of your next glass of wine could soon be trimmed after a major South African wine manufacturer unveiled a project to reduce its annual carbon emissions by 1200 tons of carbon dioxide. 4 Dec 2015
Totalsports Women officially open for fitness
Totalsports Women launched in South Africa at Cape Town's Cavendish Square on Wednesday, 2 December. As the only multi-branded store of-its-kind in Africa, women now have premium international active wear brands to choose from, while making use of expert running services in-store. 4 Dec 2015
Virtually step on stage with Jack Parow and Riky Rick and PUMA VR
PUMA's #Represent698 campaign enters the world of 360° virtual reality with the launch of PUMA VR. 4 Dec 2015
Kanonkop's Abrie Beeslaar announced world's top winemaker
NEWSWATCH: For the second time, Kanonkop cellarmaster Abrie Beeslaar was announced as Winemaker of the Year at the International Wine & Spirit Competition (IWSC) gala award ceremony held in London on Thursday, 26 November. 3 Dec 2015
Non-traditional beer drinkers are drinking more beer, says Bierfest organiser
Thirsty South Africans are increasingly quenching their craving on craft beers. So much so that by 2017 predictions are that 18 million litres will be lapped up by consumers, as microbreweries malt and mash their way to increased market share. 3 Dec 2015
Xi's tipple sends UK ale exports soaring
LONDON - British brewer Greene King on Wednesday said exports of its India pale ale (IPA) to China had increased sixteen-fold after President Xi Jinping was photographed enjoying a pint during his recent state visit. 3 Dec 2015
Marek Zmyslowski, MD of .
Marek Zmyslowski, MD of Jovago.com. LinkedIn
Major e-commerce backer Africa Internet Group (AIG) has quietly faced an overhaul of leadership of its online shopping plays in Nigeria. Already, the Rocket Internet affiliate has completed the replacement of the heads of Kaymu, Jovago, Easy Taxi and Lamudi. Interestingly, the heads of these companies are choosing to remain in Nigeria. 3 Dec 2015
Footwear proves good e-sales fit for TFG
Shoes, electronics and homeware gifts are among The Foschini Group's (TFG's) top e-commerce sellers. 2 Dec 2015
Kevin Hedderwick.
Image source:
Kevin Hedderwick. Image source: Financial Mail
After 16 years with the food franchisor, Famous Brands CE Kevin Hedderwick will retire... 2 Dec 2015
Marius Muller
Marius Muller
Pareto Limited today announced its establishment of a new property management company - Mowana Properties - to manage both its own directly held property assets as well as that of the Public Investment Corporation (PIC), with a total value of approximately R30 billion. 2 Dec 2015
G-Star RAW to launch women's concept store in Joburg tomorrow
Global denim brand G-Star RAW will open its first store in South Africa tomorrow, featuring a unique retail concept for female consumers - G-Star Women. This specialist store, situated in Hyde Park Corner in Joburg, will showcase the brand's expertise in women's denim, offering a wide range of modern jeans designs that complement the female shape as a well a fully tailored shopping experience. 2 Dec 2015
Latest interest rate hike will exacerbate debt levels, policy forum told
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The government could do more to incentivise saving while working to reduce household debt in order to get the economy back on track, says the African Institute of Financial Markets and Risk Management at UCT. 2 Dec 2015
First Builders Warehouse store opens in Zambia
Builders Warehouse has recently opened its first store in Zambia, which has created 156 jobs, at the East Park Shopping Mall, Lusaka. It is the sixth Builders Warehouse store outside of South Africa. 2 Dec 2015
Glum retail season ahead for shoppers
© Cathy Yeulet – 123RF.com
The sound of Boney M's Christmas album wafts through the air, stores are stacked to the rafters with gift offerings and malls give the impression of a jackpot festive season for SA's retailers. 2 Dec 2015
Triumph International's turnover up 40%
After sales consolidation of the first three quarters of 2015, Triumph International, Bad Zurzach has reported a 40% year-to-date turnover growth of sales via electronic sales platforms (own e-commerce and e-tailers) in Europe. 1 Dec 2015
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