Delhaize Group, the owner of the U.S. Food Lion stores, fell the most in 22 months in Brussels on concern margins will shrink further because of price cuts and maintaining U.S. sales momentum will require more spending.
Buyout firms CVC Capital Partners Ltd. and Carlyle Group LP are awaiting the outcome of Wm Morrison Supermarkets Plc’s property review next week as they evaluate a bid for the U.K. grocer, said people familiar with the matter.
Next Plc joined John Lewis and House of Fraser in the U.K. Christmas winners column as those retailers with a consistent approach and a compelling multi- channel offer triumphed in the battle for festive business.
Carrefour SA rose in Paris while Cencosud SA slumped the most in more than a year in Santiago after the French company agreed to sell its Colombian stores to the Chilean retailer for 2 billion euros ($2.6 billion).
Carrefour SA , the world’s second- largest retailer, returned to profit in the first half of 2010 and said it’s confident of achieving full-year objectives, boosted by cost cutting and cheaper purchasing.
Royal Ahold NV, the Dutch owner of the Stop & Shop chain, left open the possibility of acquisitions as it considers how to utilize cash raised from the $3.1 billion disposal of its stake in Swedish retailer ICA.
Ocado Group Plc , the U.K. online grocer that sold shares to the public for the first time last year, dropped as much as 18 percent in London trading after the second-biggest shareholder sold its entire stake.
Carrefour SA, the world’s second- largest retailer, is considering a proposal to merge its Brazilian assets with those of Cia. Brasileira de Distribuicao Grupo Pao de Acucar, setting up a power struggle with French rival Casino Guichard-Perrachon SA.
Royal Ahold NV, the Dutch owner of Stop & Shop stores, said it will ramp up its online business, expand in Belgium and add convenience stores as Chief Executive Officer Dick Boer aims to reverse slowing sales growth.