Tinojojo Chihombori commented on Zim teen the new face of Louis VuittonThat's Great Nyasha ! | |
Zim government blocks Pick n Pay's Zimbabwe acquisition[Dumisani Ndlela] The Zimbabwe government has blocked the purchase of a 24% stake in TM Supermarkets by South Africa's retail group Pick n Pay due to an indigenisation law requiring foreign and white-owned firms to relinquish control to black Zimbabweans. | |
Massmart sells Zim stores to OK Zimbabwe[Dumisani Ndlela] South Africa's Massmart, a sitting duck for a US$2 billion takeover bid by US retailer Wal-Mart Store Inc., has sold its Zimbabwe unit to retail group, OK Zimbabwe. The deal ends months of speculation over Massmart's planned disposal of Makro Zimbabwe and the identity of the buyer. | |
Meikles to rebrand TM Supermarkets into Pick n Pay[Dumisani Ndlela] Zimbabwe's Meikles group has agreed to allow Pick n Pay to rebrand TM Supermarkets after a deal in which the South African retailer will shore up its shareholding in the supermarket chain to 49%. | |
Zim: No bargains for Christmas shoppers[Dumisani Ndlela] Zimbabwean retailers have begun their big push for the 13th cheque - bonus money that always comes ahead of the year-end festive season. The Christmas carols are already playing in decorated shops and complexes, and it is all looking beautiful. | |
Zim: Lager volumes hit 10-year high[Dumisani Ndlela] Lagers and sparkling beverages consumption surged during the six months to 30 September 2010, pushing total beverages volumes for the half-year period to a level not seen since 2005. Lagers volumes reached levels last seen in 1999. | |
Zim government opposes sweets for change[Dumisani Ndlela] Finance Minister Tendai Biti has realised that stability brought to the country by dollarisation has also brought with it some difficulties - hundreds of retail customers have to get their change in the form of sweets because of lack of coins. | |
Zim: Meikles Stores runs credit promotion[Dumisani Ndlela] Zimbabwe departmental stores group, Meikles Stores is targeting 50 000 new accounts between October and December under a partnership with a local financial institution, TN Bank. The accounts will be managed by a TN Bank-Meikles Stores joint venture vehicle, Meikles Credit Services. | |
Zim: Ban on SA chickens hurt revenues - retailer[Dumisani Ndlela] One of Zimbabwe's leading retailers has become the first to report that it had been negatively impacted by a government ban on the import of poultry and milk products to protect struggling domestic industries. | |
TM Supermarkets comes close to losing top spot[Dumisani Ndlela] TM Supermarkets came within a whisker of losing its top spot as the biggest supermarket chain by outlets to rival OK Zimbabwe after closing three branches during the half-year period to June 2010. | |
Zim: An apparel shop and a funeral plan[Dumisani Ndlela] There is a new signal that seasons have changed in Zimbabwe, and it is the apparel shops displaying "winter clearance sale" or "summer fashions just arrived" signs on their display windows. | |
McDonald's to open restaurants in Zimbabwe[Dumisani Ndlela] US-based fast food giant McDonald's has cast its sights on Zimbabwe, 11 years after its initial plan to start restaurants in the country failed due to an unprecedented economic and political crisis. | |
Surge in Zim retail imports triggers concern[Dumisani Ndlela] Zimbabwe's central bank has called on government to halt what it called "deindustrialisation through over-reliance on imports of finished goods" after the distribution and retail sector accounted for the biggest jump in imports by value during the half year to June. | |
Coca-Cola enters Zimbabwe's energy drink market[Dumisani Ndlela] The Coca-Cola Company has entered Zimbabwe's energy drinks market in a demonstration of renewed interest in a country that had become a pariah to international investors due to an unprecedented economic crisis. | |
Zim bank begins importing SA rand coins[Dumisani Ndlela] A Zimbabwean commercial bank has begun offering South African rand coins to deal with a shortage of change in the country's retail market. | |
Zim manufacturers ramp up food production[Dumisani Ndlela] A liquidity crunch in Zimbabwe since dollarisation has meant that cash has become the most sought after commodity in the country after food. But fast moving consumer goods (FMCG) manufacturers are ensuring a massive ramp up of food production to get people's cash trickling into their coffers even when other businesses are haemorrhaging from dwindling demand. | |
Pick n Pay to bailout Zim retailer[Dumisani Ndlela] Meikles Ltd CEO Brendan Beaumont has confirmed negotiations with South Africa's Pick n Pay over Zimbabwe's TM Supermarkets, saying the supermarket chain requires US$21 million, or R167 million at the ruling exchange rate, in fresh capital. | |
Zim: Strong recovery for beverage consumption[Dumisani Ndlela] Zimbabweans are getting back to their guzzling habits, pushing beer and other beverage consumption volumes up in what beverages group Delta Corporation's chairman Robbie Mupawose described as a "strong" recovery. | |
Zim plans levy on tobacco, beer advertising[Dumisani Ndlela] Zimbabwe's health authorities are pushing for the introduction of levies on alcohol and tobacco advertisements as a punitive measure against consumption, a move likely to face resistance from manufacturers. | |
Pick n Pay to acquire Zim TM Supermarkets shares[Dumisani Ndlela] South Africa's retail group Pick n Pay was said to have reached an agreement on extending its shareholding in Zimbabwe's TM Supermarkets, currently majority-owned by Kingdom Meikles. The deal is said to be part of a recovery plan for the Kingdom Meikles group, whose retail operations need significant cash injections for refurbishment and restocking. |