Massmart appoints new CEO, but shares fall on warning earnings will halve

Walmart’s Mitchell Slape will take over as CEO after he gets approval to work in SA

AB InBev targets total investment of $400m in Nigerian brewery

CEO Carlos Brito says capacity will be added in phases to new brewery at Sagamu

Pret a Manger buys EAT as demand rises for vegetarian options

The high street sandwich chain will convert most of the EAT shops into Veggie Pret outlets

Tiger Brands reports lower sales in wake of the listeriosis crisis

Revenue from the group’s processed meats business plunged 79% to R213m

Cash retail chain and new credit rules boost Lewis Group’s bottomline

Furniture retailer attributes recent growth to changes in the affordability-assessment regulations

JC Penney’s first-quarter net loss doubles as sales fall

The retailer has stopped selling appliances and furniture to focus on clothing, but is worried about Trump’s tarrifs on Chinese goods

‘Naked Chef’ Jamie Oliver’s restaurants go into administration

More than 1,000 jobs will be put at risk as British restaurants try and weather a brutal trading environment

Bidcorp expects higher food inflation in SA

The food-producer industry is struggling to pass on higher costs to SA’s consumers

WATCH: How higher costs put Pioneer Foods on the back foot

Pioneer Foods CEO Tertius Carstens talks to Business Day TV about the group’s interim results

Nike and Adidas join 173 US shoe retailers in call to avoid ‘catastrophic’ tariffs

Companies sign an open letter to Donald Trump saying hundreds of millions of footwear consumers will foot the bill

Pioneer Foods’ shares plunge to six-year low on earnings decline

Higher fuel prices and investment in growth capabilities contributed to soaring costs, which rose faster than revenue

Walmart reveals plans for a new corporate campus

The project and the capital investment will be phased over multiple years

Alibaba told to obey the rules by seven European countries

Regulators are being asked to look into illegal practices by firms using the company’s AliExpress site

Lewis Group says full-year earnings rose as much as 25%

Lewis says it is boosted by ‘the continued turnaround in the performance of … Lewis, Best Home and Electric, and Beares’

Richemont lifts dividend as online platforms boost sales

Luxury goods group aims to accelerate its e-retail presence in China in a bid to drive growth in that country

Published by Tiso Blackstar and distributed with the Financial Mail on the last Thursday of every month except December and January.