AUSTRALIA: Coles has agreed the sale of 45 supermarkets and eight Liquorland stores to the independent grocery chain FoodWorks. Coles managing director Ian McLeod said the deal would benefit both parties.
"We think this is a great outcome for team members and customers of both Coles and FoodWorks," he said. "In undertaking this store transfer, a key priority has been to ensure continuity of employment for the affected store teams. I'm very pleased to advise that all store team members will be offered roles with FoodWorks and that they will retain all their existing employment entitlements."
The deal is worth a total of $35m (£17.2m), including payment for stock, cash and the transfer of employee entitlements.
CHINA: Supermarket chain operator Lianhua Supermarket Holdings has announced plans to buy supermarket chain Hualian Supermarket in order to further expand its presence in Shanghai. Lianhua has offered Hualian 491.8m yuan (£43.8m) for the chain, which would also help improve its retail chain franchise business in the provinces of Zhejiang and Jiangsu. When the acquisition is completed, Lianhua Supermarket will own a total of 5,268 stores in China.
BELGIUM: Protesting dairy farmers have blockaded Delhaize, Carrefour and Colruyt distribution centres to demand higher milk prices. The farmers are demanding a 5% cut in milk production quotas in order to lift prices. The European Commission said the milk quota system was not to blame for low prices. Colruyt has issued a statement saying the blockade could cost the company millions of euros.