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International Business

A collection of news, articles and other featured content about International Business.

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Grocery retail sales in the United Kingdom grew at a slower pace during the 12 weeks ended January 22, when sales rose 4.2 percent from the year-ago period, than during the 12 weeks ended Dec. 25, 2011, when sales climbed 4.8 percent from the prior-year period, Reuters said.

Grocery retail sales in the United Kingdom grew at a slower pace during the 12 weeks ended January 22, when sales rose 4.2 percent from the year-ago period, than during the 12 weeks ended Dec. 25, 2011, when sales climbed 4.8 percent from the prior-year period, Reuters said.

Retail food sales in Chile totaled $13.5 billion in 2010, up 8 percent from the prior year, and per capital spending is expected to increase to $11,183 in 2014 from $8,685 in 2009, the U.S. Department of Agriculture’s Foreign Agricultural Service reported.

Kraft Foods is using brands such as Lacta, Oreo, Tang and Cadbury to pursue growth in emerging markets, Sanjay Khosla, executive vice president of emerging markets told Bloomberg.

Looking to target younger shoppers, Japan’s largest c-store chain in Southeast Asia, FamilyMartCo., plans to open 300 stores in Indonesia and an equal number in the Philippines by 2015, Bloomberg reported.

With demand for sustainable cocoa growing, nine international food companies, including Nestle and Kraft Foods, are joining forces in the Cocoa Productivity and Quality Program and will invest more than 15 million Euros (about $19 million) in sustainable cocoa projects in West Africa and Indonesia, the Sustainable Trade Initiative said in a release.

The challenging economic situation in Europe is spurring Paris-based retail giant Carrefour to cut prices and beef up promotions, Reuters said.

As it looks to acquisitions to grow its business, ConAgra Foods Inc. has agreed to acquire Del Monte Canada Inc. from a Sun Capital Partners affiliate for an undisclosed price, The Wall Street Journal reported online.

Major U.K. retailers Tesco, Sainsbury, Asda and M&S have agreed to buy eggs only from producers complying with "enriched cage" rules, according to the National Farmers' Union, which has published a list of "good egg" companies, Scotsman.com reported.

Argentina-based grocery chain Eki reportedly plans to sell 25 large-format locations to China's Yonghui Superstores Co. and focus on smaller-format stores, according to Dow Jones News Wires.

UK-based William Morrison Supermarkets Plc was among several remaining bidders for discount grocer Iceland Foods Ltd., also based in the United Kingdom, reported Bloomberg.com.

Austria is seeing an increase in demand for health and wellness food products, with some retail chains launched private labels promoting “sustainability,” noted a report from the USDA Foreign Agricultural Service.

A basket of groceries purchased in the United Kingdom for about 93 British pounds would have cost 13 times more, or about 1,254 British pounds in 1862, BBC News said, citing research by the British magazine The Grocer.

Justin King, CEO of J. Sainsbury, Britain’s third largest grocery chain, doesn't expect to see “improvement in the business environment this year,” despite an uptick in sales during the holiday season that allowed the retailer to increase market share, Reuters said.

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