March 17, 2020
Grocers Speed Up Hiring To Fill eCommerce Orders, Operate Stores
As staffers need time away from work to tend to their children, or they become ill, supermarket companies are speeding up hiring to have workers able to fulfill eCommerce orders...
March 16, 2020
European Bank Branches Close, Limit Hours
The coronavirus could have far-reaching effects on grocery stores, entertainment and banking, while boosting delivery services and identity verification services. Here are the latest updates on the coronavirus around the...
March 12, 2020
Coronavirus: Meituan Provides ‘Shields’ To Customers; Viking, Princess, Stop Cruises
The coronavirus could have far-reaching effects on food delivery, travel and the economy as a whole, while the impacts on grocery inventory might be shorter-term. Here are the latest updates on the...
March 09, 2020
Tesco To Unload Thailand, Malaysia Assets In CP Group Deal
With an arrangement that values the business at $10.58 billion, Tesco has struck a deal to sell its Malaysia and Thailand assets to entities of CP Group. The move will enable...
March 08, 2020
Tesco To Consider Thai Bids For Asian Assets
British retailer Tesco is set to assess bids by Thai billionaires for its Asian business on Sunday, a potential deal which could be worth just over US$10 billion, Reuters reported. ...
March 02, 2020
TCC Group Bids For Tesco’s Asia Stores
To purchase the Asian assets of U.K. grocer Tesco, Charoen Sirivadhanabhakdi, one of the wealthiest men in Thailand, has obtained almost $10 billion in financing commitments. His TCC Group has...
February 25, 2020
Tesco To Refocus Business After $357M China Sale
With the $357 million sale of its joint venture portion to China Resources Holdings (CRH), a state-run partner, Tesco has finished its exit from China. The U.K. grocer had created...
January 28, 2020
Travelex Back Online After Cyberattack
Money travel service Travelex is back online after a cyberattack forced it to use paper and pen to manually complete transactions for customers over the holidays, according to a report...
January 23, 2020
New York City Council Bans Cashless Food And Retail Stores
The New York City Council on Thursday (Jan. 23) passed a ban on cashless food and retail stores. The ban was reportedly spearheaded by Councilmember Ritchie Torres. After the decision,...