Walmart veteran aims to renew Massmart units

New CEO plans to create synergies between Game, Makro, Dion Wired and Builders Warehouse

BL PREMIUM
Ted Baker bosses resign on warning pretax profit may crash 90%

Embattled fashion house shares fall 36% after chair David Bernstein and interim CEO Lindsay Page leave

PODCAST | Phillip Morris SA is disrupting its own business model

Why Phillip Morris is moving to alternative smoking products, and using Tinder to help

Stadio CEO Chris van der Merwe to step down in March

The founder of Curro, who will take up a non-executive director role, will be replaced by current Southern Business School CEO Chris Vorster

SEKGABO MOLELEKOA: Lewis continues to put profit on the table

The furniture group's strategy to diversify across market segments appears to be bearing fruit

BL PREMIUM
The luxury market is busy as Kering is said to be eyeing Moncler

Moncler’s shares hit record highs in early trading after it was reported it had held exploratory talks with Gucci-owner Kering

WATCH: Why US food franchises are not working in SA

Anthony Clark of Small Talk Daily Research talks to Business Day TV about Grand Parade Investments and Taste Holdings

Astral Foods wins interdict to stop Eskom from cutting power to municipality

Astral argued that it was a paid-up consumer of electricity, and should not be penalised for corruption prevalent in local municipalities

Choppies sells SA stores for R1

The embattled company sells its stores and distribution centres in SA to Kind Investments

Grand Parade chair Hassen Adams to step down at end-January

Hassen Adams indicated he would be retiring during the company’s recent AGM

German car industry in pain as Daimler set to cut 10,000 jobs

The move to electric and new EU emissions rules is costly, and the automotive sector in Germany is likely to shed 250,000 jobs over the next decade

Renault, Nissan and Mitsubishi rebooting joint operations

A new alliance operating board is part of a revamped governance structure needed to ensure there can be no Carlos Ghosn-type in charge

Phumelela to restructure balance sheet after ‘worst year’

The group's SA business lost R332.4m in its year to end-July, with the company warning that losses in its horse racing business cannot be sustained

Surprisingly few pointed questions at Woolworths AGM

Such a quiet AGM is remarkable given Woolworths has written off more than R13bn in the past two years

BL PREMIUM
Woolworths defends CEO’s pay

Ian Moir’s guaranteed pay has not been increased for three years and he has not received a bonus in that time, chair says

BL PREMIUM
Ikea to invest €100m to support direct suppliers

CEO Torbjorn Loof says Ikea will invest where it is likely to have the biggest effect on emissions

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