Whitey stands by Christo Wiese

The consumer goods guru vouches for the honesty of his friend and fellow Shoprite shareholder

Woolworths down on poor sales

The retailer also said on Monday that overall sales for the 26 weeks to December 24 grew just 2.5%

updated 10 hours ago
Be hands-on and diversify in shadow of Viceroy’s sword

Mainstream investors have been battered since the end of 2017, with supposedly blue-chip investments turning sour

Racism scandal at H&M shows all is not well

The Swedish clothing company advised to improve its communications and online presence as sales slip and it battles to lure shoppers

H&M not sure of timeline for stores after 'racist' furore

EFF declines to say if further protests are planned at retailer

H&M must ‘invest in building bridges’ after racial blunder‚ says communication expert

H&M issued a statement saying they were aware of the property damage inside several of their SA stores

Carrefour buys Steinhoff's e-tailer in half-price fire sale

French retailer Carrefour is buying the 17% stake for half of what Steinhoff paid in May 2017

Steinhoff considers redeeming notes

Early redemption could signal that Steinhoff is ‘hamstrung by the terms of the notes’

More pain for Steinhoff as local investors seek to join Dutch class action

News that the well-resourced VEB is prepared to fight for South African shareholders adds to the mounting woes

Steinhoff investors ask to join Dutch lawsuit

News that the well-resourced VEB is prepared to fight for South African shareholders adds to the mounting woes

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Hearings on Steinhoff set down for late January, says Yunus Carrim

Parliament’s finance committee chair says they will be held jointly with Scopa and the portfolio committee on public service and administration

Asia demand lifts Richemont sales

The luxury goods retailer says that wholesale revenue declined while that from retail revenue grew, reflecting the shift from traditional retailers to ...

Woolworths adds Balmain brand in Australia

High-end fashion house Balmain has previously partnered with Swedish retailer H&M

British retailer Marks & Spencer hires new finance chief

New M&S recruit Humphrey Singer says CE Steve Rowe plans to transform the business

Steinhoff races to avoid cash crunch at subsidiaries

It needs to plug a €200m funding gap in the next few days to avoid a small unit such as Austrian Kika-Leiner pulling down the entire group

Stanford team lauds Woolworths Farming for the Future programme

The retailer gave researchers rare unfettered access to its sustainable farming initiative, which works with farmers to make changes, rather than imposing ...

ANC Conference 2017

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