Archives for April 1, 2013

Wal-Mart to continue China investment despite feeling the pinch

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.

Yashili given NZ approval to build NZ$100m infant formula plant

Chinese dairy processor, Yashili International, has been given the go-ahead by authorities in New Zealand to build a NZ$100m infant formula manufacturing plant in the country.

Ankush at large

Drug decision could savage India-EU food free trade agreement

I don’t think that there was any more talked about corporate news in India this week than the Supreme Court’s decision to dismiss Novartis’s appeal for a patent for its Gilvec cancer drug. 

Australian tastes

Milk bars losing out to servos as Australia gains a sweet tooth

Supermarket service stations are gaining ground on corner shops, and baked staples now losing out to chocolate and confectionery, according to new research from Australia.

Cola cricket

IPL sponsorship just the start for cricket-loving Pepsi

With the opening of the 2013 edition of the Indian Premier League, PepsiCo is wheeling out its biggest marketing coup to the cricket-crazy public of India.