French food giants duel over Brazil market
Paris - AFP
French food retail group Casino will do all it can to block a merger between its partner in Brazil and the Brazilian operations of archrival Carrefour, the world\'s second biggest retailer, a source has said. \"Casino is opposed to this merger and has the power to block the operation,\" the source said Monday. Brazilian investment fund Gama announced the venture with Carrefour earlier on Tuesday, backed by investment fund BTG Pactual and the Brazilian National Development Bank. CBD Pao de Acucar (CBD), which is controlled by Casino and Brazil\'s Diniz family, is market leader in Brazil with a network of 1,647 stores and 13.7 billion euros ($19.6 billion) in sales in 2010. Under the plan, Gama would take control of CBD and then merge it with Carrefour\'s Brazilian assets. The source said that Casino will begin judicial procedures in Brazil in the coming days, arguing that the new entity would have a monopoly position in Rio de Janeiro and Sao Paulo.
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 11:10 2018 Thursday ,30 August
Ariana Grande will perform at Aretha Franklin’s funeral
GMT 09:54 2018 Wednesday ,24 January
'Friendly and kind' N. Korean skaters
GMT 11:07 2017 Saturday ,14 October
Lufthansa to swallow lion's share
GMT 13:23 2017 Thursday ,02 March
Raja’s official will resign from his position in April
GMT 06:15 2018 Tuesday ,23 January
Volkswagen clinches record sales
GMT 05:17 2024 Wednesday ,07 February
Amazon to open first cashierless shop
GMT 05:04 2024 Tuesday ,06 February
Skincare PR Performance Full Year 2017
GMT 02:34 2016 Sunday ,03 July
Top-ranked Day clings to share of WGC Akron lead
GMT 11:28 2015 Friday ,07 August
Rich countries could be at risk of worse flooding
GMT 05:29 2015 Wednesday ,22 July
Greenpeace: China air pollution levels fall
GMT 01:06 2015 Friday ,17 July
Major greenhouse gases hit record highs in 2014
GMT 03:28 2017 Tuesday ,07 March
UAE leads countries with developed ecosystem for Halal pharmaceuticals
GMT 11:56 2017 Thursday ,22 June
Algerian prime minister confidentGMT 10:48 2011 Friday ,14 October
Phones contaminated with bacteria
GMT 10:43 2017 Wednesday ,01 February
Clash leaves 24 militants dead in south Afghanistan
GMT 15:52 2016 Saturday ,31 December
Arab Red Crescent and Red Cross Organisation to hold emergency meeting
GMT 06:37 2017 Wednesday ,23 August
Salama denies tension with Interior Ministry
GMT 07:48 2017 Wednesday ,29 November
Bubble or brave new world? Bitcoin breaks $10,000 barrier
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor