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  • Ahold has finally sold its Brazilian chain, Bompreco, to Wal-Mart and its Hipercard credit card operation in Brazil to Unibanco. The deals reportedly combined to generate a half-billion US dollars for Ahold, which has been struggling to reduce debt and consolidate operations in the face of a billion-dollar accounting scandal.

    Ahold's other Brazilian asset, G Barbosa, is not included in the deal.

    With the acquisition, Wal-Mart Brazil will now operate 143 units there.


  • MNB yesterday that the tags were being used only to identify the ages of people looking to buy DVDs so that age restrictions were observed, and that the suspension would have little impact on the store's operations.


  • The Chinese government has decided not to draft new rules to regulate how foreign retailers operate there. The decision reportedly means that foreign retailers will be able to set up wholly owned companies in China, and will aid the expansion plans being developed by Wal-Mart and Carrefour.


  • Sainsbury reportedly will begin selling a new breed of black tomato, called the Kumato.

    The Kumato, which originated in the Galapagos Islands, is said to be extremely sweet. According to one report, some consider it an aphrodisiac.
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