Luxury goods group Richemont sharpens online focus with two new appointments

It has created a new post, chief technology officer, and appointed a retail and digital veteran as the first incumbent, while its choice for HR head also ...

Steinhoff Africa soars on JSE debut

The subsidiary housing the retailer’s African assets rose on its first day of trading, as investors ignored allegations of accounting fraud at its parent

How Holdsport group grew sales 8.1%

Weighted retail trading space grews 4.4% and the retail divisions experienced price inflation of about 6.6%

Toys ‘R’ Us raises its game locally as US operation files for bankruptcy protection

Far from going bankrupt, the Southern African division plans to open seven new stores in the next three months

No paying via bitcoin just yet, says Pick n Pay

Regulatory authorities need to first manage the risks associated with cryptocurrencies, says retailer

Steinhoff’s former joint venture partner takes its complaint to Dutch court

The retail group has again denied allegations of accounting fraud, days before it lists its African assets

Steinhoff raises R15.4bn for Star ahead of listing

The group has sold an almost 22% stake in the African retail assets, with empowerment company Lancaster Group taking an almost 9% stake

Clover’s plans to cope with a penny-pinching ‘new reality’

CEO Johann Vorster looks to volume growth in an ‘exceptionally challenging year’, writes Mark Allix

Beef supplier and juice maker agree not to compete — in contravention of competition law

Beefor and Cape Fruit Processors have been referred to the Competition Tribunal and may be found liable for penalty equivalents to 10% of annual turnover

Asian markets drive Richemont sales

Asia Pacific performance was supported by double-digit increases in most markets — including China and Hong Kong, says Johann Rupert

Asia remains Richemont’s main sales driver

Overall sales were up 12%, with Asian growth coming in at roughly double that

Some positives in tough year for Clover

Drought was followed by a wetter, cooler summer, which affected beverage sales, while political woes compounded volatility in rand

Prolonged drought and volatile rand squeeze Clover

The dairy and foods group reported a dismal set of results, as expected, with sharp drops in profit at almost all levels

AVI weighs up I&J’s future

Sources say group may be considering sale of hake business as CEO tells investors of impending rights allocation

AVI limits the pain with higher selling prices

Hedging is helping the consumer brands and food group maintain consistent margins, with little improvement expected in the ‘constrained spending environment’

Gruppo Campari wants to double African growth

The Italian liquor giant’s shift to its own distribution platform aimed at creating a launch pad for the African market

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