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Food Retail & Distribution

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Future Retail and Laura Ashley sign exclusive right and license deal

Thursday, 23 Feb 2017 06:11am EST

Future Retail Ltd : Says co and Laura Ashley has signed exclusive right and license to establish, own and operate stores and websites in India . Co to have right to buy merchandise for sale in India as and right to make or order manufacture of licensed products from Laura Ashley .Future Retail Ltd will also carry out wholesale distribution.

Loblaw Q4 revenue C$11.13 billion

Thursday, 23 Feb 2017 05:45am EST

Loblaw Companies Ltd : Loblaw reports 2016 fourth quarter and fiscal year ended December 31, 2016 results . Q4 revenue C$11.13 billion versus I/B/E/S view C$10.98 billion . Loblaw Companies Ltd - expects to invest approximately $1.3 billion in capital expenditures in 2017, including $1.0 billion in its retail segment . Loblaw Companies Ltd - Qtrly food retail (Loblaw) same-store sales growth was 1.1%, excluding gas bar . Loblaw - recorded a charge of $88 million related to impairment of fixed assets of $15 million and a customer relationship intangible asset of $73 million in quarter . Loblaw Companies Ltd - Qtrly diluted net earnings per common share were $0.50 . Loblaw Companies Ltd - Qtrly adjusted diluted net earnings per common share were $0.97 . Loblaw - sees estimated impact in 2017 of new and current consolidated franchises will be revenue of about $680 million, adjusted EBITDA of about $55 million . Loblaw Companies Ltd - on FY comparative basis company expects to deliver positive same-store sales and stable gross margin in its retail segment . Loblaw - sees impact in 2017 of new and current consolidated franchises will be net earnings attributable to non-controlling interests of about $10 million . Loblaw Companies Ltd - in 2017 expects to invest approximately $1.3 billion in capital expenditures.

CP ALL posts FY net profit of 16.68 bln baht

Thursday, 23 Feb 2017 05:42am EST

CP All Pcl : FY net profit 16.68 billion baht versus 13.68 billion baht . FY total income 451.94 billion baht versus 405.89 billion baht . Expects to achieve milestone of having 10,000 stores within 2017 . Plans to reach 13,000 stores in Thailand by 2021 . Plan to open approximately 700 new stores in 2017 . 2017 capex is projected to be approximately 9.50 billion baht to 10 billion baht ."Gross profit margin advancement is expected to continue".

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