Tesco is eyeing entry into India and expansion of its presence in China. Reports suggest it plans to set up a supermarket chain with Indian mobile phone company Bharti Tele-Ventures and is in the bidding for Chinese chain Trust-Mart.
Hurt at home
Metro's full-year 2005 pre-tax profit rose 3.3% to E2.94bn on sales up 4.2% to E55.7bn. International sales rose 10.5% to E29.8bn, but sales in Germany fell 2.2% to E25.9bn.
Unilever has agreed to sell its Dutch snack food business Mora to Ad van Geloven. The sale comprises factories in Maastricht, the Netherlands, and Mol, Belgium, and marketing and sales activities.
US food company ConAgra Foods is selling its seafood and cheese businesses as part of a strategic review. Its refrigerated meats arm is also being sold.
Wal-Mart is set to create 150,000 jobs in China in the next five years as it expands there. It is to open 20 more stores this year.
Colgate-Palmolive has acquired 84% of the outstanding shares in US natural toothpaste, mouthwash and deodorant company Tom's of Maine for $100m. The US market for natural oral and personal care products is valued at $3bn and is growing at 15%.
SABMiller has acquired a 48.4% share of the Slovakian brewer Topvar following approval from the Slovak Anti-Monopoly Office. Topvar's controlling shareholders will sell further shares to allow SABMiller to increase its interest to 67% by September.
US spice company McCormick & Company's first-quarter net profit to February 28 fell 60% to $14.4m on sales up 1% to $609.7m. It blamed its profit decrease on the closure of certain facilities and a voluntary separation programme.