Ahold's Disco Argentine chain agreed to pay $90m for the 10 stores but wants to pay the dollar debt in the Argentine peso equivalent, But since Argentina abandoned the 1:1 dollar peg of its peso last year, the debt in pesos would now be worth $38m.
The Chilean retailer is taking legal action to ensure payment under the original terms.
n sales dip
Sales at supermarkets in France fell 1.9% during December and hypermarket sales declined 1.3% compared with the same month in 2001.
According to FCD, the French retailers' federation, the fall in sales was because December had one Saturday less than in 2001. In addition, Christmas shopping began earlier in 2002, due in part to special promotions.
n new life'
Coca-Cola is set to unveil a marketing plan for its flagship Coke Classic brand after it ditched its Life Tastes Good' programme in September 2001 in the United States.
The campaign will include TV and print ads plus sponsorship promotions and will be launched first in North America.
n baking giant
Swedish bread manufacturer Cerealia Bakeries has bought Danish bread firm Schulstad for DK1.5bn, to make it the largest baker in the Nordic region. Both Schulstad and Cerealia have factories in Denmark, Sweden, Norway and Poland and both export to the UK and Germany.
n US control
US drinks and consumer products group Brown-Forman has taken control of Italian liquor maker Distillerie Tuoni e Canepa by acquiring an additional 55% stake, increasing its ownership to 100%.