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Food Retail & Distribution

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Seven & I Holdings Tokyo-based unit receives administrative order from Japan Fair Trade Commission

2:22am EDT

July 21 (Reuters) - Seven & i Holdings Co Ltd <3382.T>:Says its Tokyo-based unit SEVEN-ELEVEN JAPAN CO.,LTD received administrative order from Japan Fair Trade Commission on July 21, due to violation of Act Against Delay in Payment of Subcontract Proceeds.

Madison Wine announces subscription of CNC shares

Thursday, 20 Jul 2017 06:26am EDT

July 20 (Reuters) - Madison Wine Holdings Ltd <8057.HK>:Unit Pure Horizon accepted placing letter issued by Eternal Pearl.Pure Horizon agreed to subscribe for subscription shares at a subscription price of HK$1.82 per CNC share.Aggregate consideration of subscription shares was HK$10 million.

Shinyei Kaisha to establish investigation committee to investigate Shanghai-based unit's fraud transactions

Thursday, 20 Jul 2017 03:17am EDT

July 20 (Reuters) - Shinyei Kaisha <3004.T>:* Says it will establish investigation committee to investigate Shanghai-based unit's fraud transactions .* Says the Shanghai-based unit appropriated fictitious sale and purchase expense to hide receivables .

Russia's X5 Retail Group says Q2 sales up 27.7 pct y/y

Thursday, 20 Jul 2017 03:00am EDT

July 20 (Reuters) - Russian food retailer X5 Retail Group NV says::Q2 total net retail sales grew 27.7 percent year-on-year to 318.9 billion roubles ($5.41 billion);​.Q2 like-for-like sales up 6.6 percent year on year..

Russia's Lenta says Q2 like-for-like sales down 2 pct

Thursday, 20 Jul 2017 02:57am EDT

July 20 (Reuters) - Russian food retailer Lenta Ltd says::Q2 ‍like-for-like sales down 2.0 percent versus Q2 2016;​.Q2 total sales up 16.3 pct yr/yr to 85.6 billion roubles ($1.45 billion) (Q2 2016: 73.6 billion roubles);​.Confirms its 2017 guidance to open about 30 new hypermarkets and about 50 new supermarkets with capex of 30-35 billion roubles;​.Long-term growth targets for 2017-2020 remain unchanged;​.Based on preliminary management accounts, Lenta expects to achieve adjusted EBITDA growth of around 14 pct for H1 2017 and an adjusted EBITDA margin of around 9.6 pct compared to 9.8 pct for the same period of last year.​.

Sligro Food Group H1 EBITDA up 10.8 pct at EUR 74 mln

Thursday, 20 Jul 2017 01:42am EDT

July 20 (Reuters) - SLIGRO FOOD GROUP NV :H1 NET PROFIT EUR ‍​28 MILLION VERSUS EUR 28 MILLION YEAR AGO.H1 EBITDA EUR 74‍​ MILLION VERSUS EUR 66 MILLION YEAR AGO.H1 NET SALES EUR 1.44 BILLION VERSUS EUR 1.36 BILLION YEAR AGO.H1 LIKE-FOR-LIKE SALES GROWTH (GROUP) 3.3 PERCENT VERSUS 1.6 PERCENT GROWTH YEAR AGO.TO PAY INTERIM DIVIDEND OF EUR 0.50/SHARE; EX-DATE SEPT 22, PAYMENT DATE OCT 2‍​.EXPECTS POSITIVE DEVELOPMENTS IN FOOD SERVICE AND FOOD RETAIL SEGEMENTS TO CONTINUE ‍​.EXPECTS MARKET GROWTH IN FOOD SERVICE AND FOOD RETAIL SEGEMENTS FOR 2017 TO EXCEED THAT OF 2016.PROCESS AND NEGOTIATIONS TO CONCLUDE STRATEGIC PARTNERSHIP BY AUTUMN OF 2017 ARE PROGRESSING ACCORDING TO PLAN AND IN A GOOD ATMOSPHERE.ACQUISITIONS OF ISPC AND TINTELINGEN TO CONTRIBUTE AN ADDITIONAL AMOUNT OF C. €45 MILLION TO SALES IN H2.

‍Jana Partners dissolves stake in Whole Foods Market as of July 17

Wednesday, 19 Jul 2017 04:38pm EDT

July 19 (Reuters) - Whole Foods Market Inc ::‍Jana Partners LLC dissolves stake in Whole Foods market as of July 17 - sec filing​.Jana Partners LLC had previously reported 8.2 percent stake in whole foods market inc as on May 27, 2017.

G. Willi-Food announces change in management

Wednesday, 19 Jul 2017 10:30am EDT

July 19 (Reuters) - G Willi-food International Ltd :G. Willi-Food announces change in management.‍Pavel Buber has been released from his position as Chief Financial Officer​.‍Yitschak Barabi, former controller has been appointed as Interim Chief Financial Officer​.

Shoprite says total turnover for 12 months to June up 10.4 pct

Tuesday, 18 Jul 2017 09:30am EDT

July 18 (Reuters) - Shoprite Holdings Ltd ::Says group increased total turnover by a healthy 10.4 pct to about r140.7 billion for 12 months to June 2017 with like-for-like turnover growth improving by 5.8 percent.Challenging trading conditions in South Africa continued in second half of year.12-Month group's non-rsa supermarkets recorded sales growth of 13.5 percent.12-Month other operating segments achieved growth of 7.7 pct (7.0 pct if compared to 53 weeks).12-Month South African supermarket operation increased sales by 10.1 pct (7.7 pct if compared to 53 weeks).

Alexandre Bompard appointed Carrefour CEO and Chairman effective immediately

Tuesday, 18 Jul 2017 08:46am EDT

July 18 (Reuters) - CARREFOUR :THE BOARD OF DIRECTORS HAS APPOINTED ALEXANDRE BOMPARD AS CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF CARREFOUR.APPOINTMENT ‍ BOMPARD EFFECTIVE IMMEDIATELY.

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