Gain some insights about the strategies of one of the largest retailers in the world, which has seen a most turbulent year - German Retail Blog has had the opportunity to speak with John Allan, Chairman at Tesco. In other news, Toshiba expects a record loss, Carrefour opens in Ivory Coast, and the office mega merger in the US is not easy to accomplish. Enjoy the read and please continue to spread our update.
Asia & Australia
New CEO for BIG W Woolworths' decision to appoint Sally Macdonald to run BIG W and EziBuy from January next year has been welcomed by its shareholders.
'No' to mega merger Staples' offer to sell or end US$1.25 billion of its commercial contracts could not rescue its intended merger with Office Depot - the US Federal Trade Commission rejected it, as the deal would raise prices for corporate customers. Staples is not willing to surrender just yet and will negotiate further.
Deacons relinquishes Woolworths The Kenyan clothing and household goods retailer wholly gives up the Woolworths brand by selling its remaining 49% stake in Woolworths Kenya to South African Woolworths.
Carrefour enters market in Ivory Coast The French retailer and its African partner CFAO have inaugurated their first hypermarket in Ivory Coast in the country's capital Abidjan.