Spar Group said on Thursday, 19 January that it agreed with its auditors that a reportable irregularity concerning an alleged fictitious and fraudulent loan had occurred at the grocery retailer. 19 Jan 2023
African online retail has been growing fast in recent years and this trend is forecasted to continue. Digitisation is breaking all borders, opening massive opportunities in developing countries across Africa. 19 Jan 2023
Source: Reuters/Siphiwe Sibeko
Food and fashion retailer Woolworths Holdings Ltd raised its profit growth forecast on Thursday, 18 January saying it now expected half-year earnings to jump as much as 80% on strong Black Friday sales and festive demand. 19 Jan 2023
Stats SA reports that South African retail trade sales increased by 0.4% year-on-year in November 2022. 18 Jan 2023
Source: Reuters
Debt-laden Steinhoff International jumped more than 8% after raising €315.2m ($342m) on Wednesday, 18 January from selling 38 million shares or 6.6% of retail group Pepco via an accelerated book build. 18 Jan 2023
Premium drinks giant Diageo has reached an agreement to acquire Don Papa Rum, a super-premium dark rum from the Philippines. The upfront consideration is €260m with a further potential consideration of up to €177.5m through to 2028 subject to performance. 18 Jan 2023
Spar Group has announced that its chief executive officer Brett Botten will retire from the company and the board at the end of January this year. 18 Jan 2023
Home appliances maker Whirlpool is folding its European business into a new company controlled by Turkish rival Arcelik, reducing its exposure to a market where it had warned attractive profit margins could be some way off. 17 Jan 2023
The death of the English fashion designer Dame Vivienne Westwood at the age of 81 on 29 December 2022, has not only moved the fashion industry, but the world. Through her designs and her activism, Westwood had a profound impact on fashion and culture. 17 Jan 2023
Global insights agency Verve uncovers the state of South African's wellbeing with the launch of 'Culture & Trends Mzansi Review 2023 - The state of the nation's wellbeing'. 17 Jan 2023
Is all this talk of artificial intelligence, drones and robots worrying you? Maybe you're convinced your kids will soon be moving to the metaverse with Mark Zuckerberg and you're wondering if you'll ever see them again. 17 Jan 2023
Hunter's Premium Cider, best known for refreshing youth culture, announces Blxckie, aka Somnyama, as the new ambassador for the brand. The Durban-born and raised rapper has been dominating the music scene since 2020 and was recently named the hottest MC of the year in 2022. He is currently one of the most awarded artists in South Africa, making him one of the most sought-after artists in the entertainment industry. 17 Jan 2023
The South African arm of British American Tobacco (BAT) is looking to restructure the business, a process that may affect about 200 jobs, following a further decline in its cigarette sales in the country, it said on Monday, 16 January. 16 Jan 2023
Global market research firm Euromonitor International has released its 'Top 10 Global Consumer Trends 2023' report, which aims to help organisations stay ahead of disruption, predict consumer shopping motivations and fulfill unmet consumer needs. 16 Jan 2023
Consumer goods giant Procter & Gamble (P&G) has agreed to acquire US-based Mielle Organics, a popular textured haircare brand rooted in natural ingredients. 16 Jan 2023
The future of digital payments can be summarised with one word - convergence. This is the key overall trend heading into 2023 and beyond. 13 Jan 2023
Started in 2014, The Alternative Power Beverage Company was established in 2014 with the aim of producing energy drinks and sodas to satisfy the unique demands of a varied market. The company has cultivated a distinctive product range that is uncompromising on quality ingredients, unbeatable flavour and undeniable style. 12 Jan 2023
The past few years have been riddled with uncertainty for South African retailers. Amid economic turbulence, dubious consumer demand and unpredictable supply chains, it's been a challenge to forecast anything with confidence. This is why now, more than ever before, it is critical for local retailers to tap into the latest trends and listen to what consumers are saying. 12 Jan 2023
In #FreshontheShelf, we round up our pick of food and beverage products that have hit the retail shelves recently. 12 Jan 2023
Luxury conglomerate LVMH has appointed Pietro Beccari, who has headed Christian Dior Couture since 2018, as chairman and chief executive officer of flagship fashion brand Louis Vuitton. 11 Jan 2023
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