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Retail sector
Spar supermarket accuses Hungary’s Viktor Orbán over retail tax
...Discounter Lidl and Tesco, the UK’s largest supermarket group, both have operations there. Lidl did not provide a comment....
March 11, 2024
InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...BCG is working with global tech giants and AI companies — from Microsoft and Google to OpenAI and Anthropic — to integrate their technology into company operations and processes....
April 23, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Private equity
BC Partners sells IT group Presidio in sign of thaw for private equity deals
...CD&R, which owns UK supermarket chain Morrisons, raised $26bn for new deals last year....
April 2, 2024
Clayton Dubilier & Rice Inc
US buyout firm CD&R hires former Tesco chief Dave Lewis
...Its strategy is focused on trying to improve the operations of companies it owns....
January 15, 2024
News in-depthTikTok Inc
How TikTok’s Chinese owner tightened its grip on the app
...TikTok’s Beijing-based owner ByteDance tightened its grip over its US operations over the past two years, according to company insiders, even as momentum to ban the short-video app grew in Washington....
April 25, 2024
Digital Media
Independent in talks to take control of BuzzFeed and HuffPost in UK
...After its launch, BuzzFeed expanded its news operations and branched out into hard-hitting investigations....
February 15, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
J Sainsbury PLC
Sainsbury’s says customers ready to splurge as it targets higher profits
...The grocer, which controls 15.3 per cent of the UK food market, is targeting underlying operating profits from its retail operations of up to £1.06bn in its current financial year, an increase of between...
April 25, 2024
Mergers & Acquisitions
CD&R’s Morrisons sells petrol forecourts to sister company MFG for £2.5bn
...The company has also had to contend with fierce competition from rival supermarkets which has led to Morrisons losing market share....
January 30, 2024
TGI Fridays Inc.
TGI Fridays’ US operations to have London listing
...The new entity will be named TGI Fridays, with the US and global operations remaining in Dallas under chief executive Weldon Spangler....
April 16, 2024
Due Diligence
The billionaire, TikTok and Trump Premium content
...In recent months, the regulator sued Apple for allegedly building a monopoly in the smartphone market and it also sued to block Kroger’s acquisition of Albertsons — the largest supermarket merger in US history...
April 24, 2024
John Gapper
Google and Apple’s app stores are cash machines
...Apple hails its store for making it easier and cheaper for developers to sell software and it has no limits on shelf space in the way supermarkets do....
December 15, 2023
News updates from February 9: S&P 500 finishes above 5,000, Sunak notches capital gains of £1.8mn in 2023
Barclays to buy most of Tesco’s banking business
...Barclays has agreed to buy the bulk of Tesco’s banking business in a £600mn deal, as the UK’s supermarket chains continue their retreat from financial services....
February 9, 2024
Barclays PLC
Barclays to buy most of Tesco’s banking business for £600mn
...As part of the agreement, the UK’s largest supermarket will keep its insurance, ATMs, travel money and gift card operations, which it described as “capital-light, profitable businesses with a strong connection...
February 9, 2024
John Gapper
Convenience stores should make more of themselves
...Even so, prices are higher than in large supermarkets, which partly reflects the logistical and staff costs of making everyday items available so near to homes....
February 16, 2024
Food Prices
French retailer Carrefour drops PepsiCo products over high prices
...British supermarket chain Tesco had a similar falling out with Heinz over the price of beans and ketchup in 2022....
January 4, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
FT Alphaville
When’s a flapjack not a flapjack? It’s a maddeningly difficult question
...As a result, Davies shut down his operations, and appealed. A brief visit from Columbo “Just one more thing Alphaville, you mentioned there are two products in these packets?”...
March 11, 2024
John Lewis Partnership PLC
John Lewis Partnership returns to profit after 3 years of losses
...When White joined from media regulator Ofcom in 2020, she pledged to build and rent out 10,000 homes as part of plans to generate 40 per cent of profits from non-retail operations....
March 14, 2024
US & Canadian companies20 min
Citigroup and the 'financial supermarket' experiment | FT Film
...It went on a spending spree, gobbling up all kinds of operations, and essentially planting flags in many, many countries....
November 27, 2023
FT Magazine
The delivery rider who took on his faceless boss
...One time, he bought a microwave curry from the vegan section of the supermarket Target, which contained ghee — a dairy product....
March 15, 2024
Jonathan Moules
Just like a business, an allotment needs good partnerships
...After all, the canopy above the decking still needs to be made waterproof — it might also be time to pick up an extra bunch of bananas from the supermarket....
March 8, 2024
Work Watch
John Lewis seeks to ease job interview nerves by revealing questions online
...The group, which runs John Lewis department stores and the supermarket chain Waitrose, hopes that allowing candidates to see interview questions in advance will help them to better prepare and to perform...
April 24, 2024
Gillian Tett
Companies must rethink how they handle cyber risk
...A few weeks ago, a friend was about to have life-saving brain surgery in Boston when her operation was suddenly cancelled. The reason?...
April 18, 2024
Food Prices
UK competition regulator raises price concerns over sugar deal
...The French co-operative, a leading sugar beet and sugar producer in the EU, bought the UK operations formerly known as Napier Brown Sugar in 2015....
March 8, 2024
Investments
Behold, the Basquiat bond
...Sotheby’s debut ABS deal is a slicker operation than another example art securitisation FT Alphaville wrote about last month....
April 12, 2024
TikTok Inc
US Congress approves bill banning TikTok unless Chinese owner sells platform
...“Congress is acting to prevent foreign adversaries from conducting espionage, surveillance blind operations, harming vulnerable Americans, our servicemen and women and our US government personnel,” she said...
April 24, 2024

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