Archives for October 9, 2013

Indian retail

Frustrated Wal-Mart lays consumer ambitions to rest with JV break-up

Wal-Mart appears to have lost patience with its fraught ambition to enter Indian consumer retail, after deciding to buy out its local partner, Bharti Enterprises, from their six-year-old joint-venture.

Fast food firm hit by China food safety scares

US fast food giant Yum Brands has reported a disastrous third quarter as a result of food safety scares in China.

Crown China expansion sees rise in aluminium cans

Crown Holdings has opened three beverage can factories in Heshan (Guangdong province), Ziyang (Sichuan province) and Putian (Fujian province), bringing the total number of plants in China to seven.