BGN Entrepreneur

The supermarket chain–Tesco has outlined its plans to to revive its performance in the UK and scale back its aggressive supermarket openings under a new strategic blueprint made by chief executive–Philip Clarke.
However, such move was clouded by a bungled dividend announcement in Tesco’s full-year results and news of a fresh set-back for the retailer’s loss-making [...]

Sales at the retail bellwether–Marks and Spencer was hit by the failure to order enough women’s kitwear and sought-after shoes in the first quarter of 2012.
The supermarket chain just announced in a quarterly trading statement that it had been short of stock in several best-selling womenswear lines, adding that trading in Ireland and Greece had [...]

Robust sales in the UK, France as well as China helped the British luxury brand–Burberry shrug off concerns over a slowdown in consumer spending and boost second-half revenues of the brand by 19%.
Partly due to the good sales growth in knitwear, watches, fragrances, and men’s tailoring and accessories, Bubbery’s sales in the three months to [...]

Despite the turbulence in Europe and signs that China’s economic growth is slowing, the world’s largest soft drinks company by revenues–Coca-Cola just reported strong first-quarter sales worldwide.
Net income at Coke rose by 8% to $2bn. Such results beat Wall Street analysts’ expectations.

It was revealed that the on-going decline in the revenues of newspaper advertising will push first-half profits at Daily Mail and General Trust below 2011’s levels.
According to the publisher of the Daily Mail and Metro newspapers, it is said that the outlook for the full year remained unchanged. However, DMGT’s share still droped by 3% [...]

As Groupon, which went public amid great fanfare in November, looks to expand beyond half-price deals on $20 manicures and $50 sushi dinners into the realm of $2000 laser eye surgery and $1200 memory foam mattresses.
The company is now encountering new risks that are hitting its own bottom line. However, the company expect that higher [...]

The US-Canadian beermaker–Molson Coors, whose brands include Coors Light and Carling, is going to buy the eastern European brewer–StarBev, whose main markets are in central and Eastern Europe, for €2.65bn.
The acquisition from the private equity group–CVC, will help Molson Coors extend its sales beyond its key territories of the US, Canada as well as the [...]