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... carrefour has backed plan to merge brazilian operations with cbdcarrefour today (5 july) insisted it had "no hostile intentions" towards its french rival casino, which is battling the world's second-largest grocer for control of brazil's largest retailer ... carrefour said brazilian investment fund gama, which put forward the merger plan, had "submitted its proposal simultaneously to both carrefour and cbd" and the retailer added: "the proposed transaction is subject to cbd's approval

... casino opposes plan to merge carrefour's brazilian operations with cbdcasino has taken a swipe at carrefour in the ongoing dispute over the future of brazilian retailer cbd and insisted its french rival had acted in a "hostile" manner ... carrefour has backed a plan, put forward by brazilian investment fund gama, to combine its local assets with cbd, the country's largest retailer ... "if carrefour had no hostile intention towards casino, it would have clearly informed casino - as the largest shareholder in cbd, exacting joint control of the company - of its project

... carrefour's board of directors has backed a plan to merge its operations in brazil with the country's largest retailer cbd ... the world's second-largest retailer said today (4 july) that the proposal - put forward last week by gama, a fund managed by brazilian investment bank btg pactual - would "significantly increase its exposure to growth markets" ... under the plan, carrefour will own 50% of the enlarged business but, by 2013, when the retailer expects to fully consolidate the combined entity, 40% of the french firm's sales will come from "growth markets" ... he heads the diniz group that co-owns the retailer with carrefour's french rival casino

... casino today (4 july) insisted that a proposal to merge brazil's largest retailer cbd with carrefour's local operations needed its support to go through ... the french retailer, one of cbd's two controlling shareholders, has publicly opposed the plan since it was announced last tuesday ... the retailer, diniz said, had "so far, dared, hastily and emotionally to condemn a transaction with no analysis" ... casino owns 43% of cbd after upping its stake in the retailer from 37% on thursday

... the battle for control of brazil's largest retailer cbd has dominated our retail coverage this week ... however, premier foods plc's dispute over price with one of the uk's largest grocers, believed to be tesco, also grabbed our uk headlines - which also featured chocolate maker and retailer thorntons and its decision to close half its stores ... french retailers battle in brazilcasino has hit out at its fellow shareholder in cbd after a proposal was put forward to merge the brazilian retailer with the local operations of carrefour ... focus: thorntons looks to preserve its specialnessuk chocolate retailer and manufacturer thorntons has announced it is to close up to 180 stores and revamp its retail offer

... brazilian businessman abilio diniz has asked casino, his co-shareholder in the country's largest retailer cbd, to examine the proposal to merge the business with the local operations of carrefour ... the plan has angered french retailer casino, which has labelled the idea as "illegal" and hostile" ... casino then responded by pointing to a 2006 deal with diniz and said no discussions on "strategic projects" for cbd, brazil's largest retailer, could be held without the french firm's agreement and involvement ... the french retailer now owns 43% of the brazilian company

... investors representing over half of the shares in mercator, the largest retailer in the balkans, have signed a deal to sell their combined stake in the business ... the brewer is looking to pay off debts and had struck a deal to sell its stake in mercator to rival croatian retailer agrokor earlier this year

... mercator, the largest retailer in the balkans, is in talks to buy two companies in serbia ... "negotiations on the takeover of two trading chains in serbia are in progress, which will additionally strengthen the position of mercator as the second-largest trading chain on the market with a market share of around 10%, which is mercator's goal in serbia," said stanka curovic, the senior vice president of mercator's operations in south-eastern europe ... serbia is its third-largest market by store count, behind slovenia and croatia ... the retailer could soon see a change in its ownership structure, with shareholders representing 50

... on that basis we remain disappointed in q1" - mf global analyst mike dennis noted tesco's international growth in its first quarter but said the retailer still has work to do in its domestic market ... "if after many management changes, the profit trends are not acceptable, a sale is a far better option and in some case a sale for a very low price would at least remove a loss off of metro's group p&l" - rbs retail analyst justin scarborough sees the benefit to metro group of offloading the german retailer's makro operations in the uk ... "woolworths did not approach this tender process to recoup the cost of the price cut on private-label milk" - a spokesperson for australia's largest retailer insisted its price war with coles was not behind the move to switch suppliers in new south wales

... woolworths ltd, australia's largest retailer, has defended its decision to switch own-label milk supplies in new south wales, insisting it was not due to the fierce competition with rival coles in the sector ... last month, industry body australian dairy farmers struck out at what they described as coles "down-down" pricing strategy on milk and dairy products and called on wesfarmers, the retailer's parent, to "rein in" the business ... however, a woolworths spokesperson told just-food that the retailer's decision to switch suppliers in new south wales was not driven by a move to make up for the cost of the price cuts