Archives for April 1, 2013

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Wal-Mart to continue China investment despite feeling the pinch

By RJ Whitehead

Wal-Mart has announced plans to invest RMB500m (US$79.8m) to upgrade its Chinese stores. The statement comes in a bid to play down local media reports that the company’s growth plans were being hit by a spate of store closures.

Dole completes sale of processed food business

By Hank Schultz

Dole Food Company has completed the sale of it global packaged foods and Asia fresh businesses to ITOCHU Corporation of Japan for $1.7 billion in cash.  The transaction will include rights to the Dole name in certain packaged food products worldwide and...