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Casino was also reaping the fruits of price cuts, store renovations and its greater focus on convenience stores. Same-store sales at the Geant Casino hypermarkets in France rose 2.8 percent in the quarter led by food retail, organic products and home equipment, with the roll-out of Cdiscount corners generating additional traffic in stores. Its Monoprix, Franprix and Casino-branded stores also posted robust performances, notably in the lucrative Paris market. Sales also improved in Brazil, helped by its Assai cash-and-carry outlets, and a return of food inflation.
For 2018, Casino has forecast organic growth above 10 percent in consolidated profit, excluding tax credits, and organic growth in French operating profit, excluding real estate activities, also above 10 percent, To achieve that guidance, Casino banks on its operating performance but also on savings from a joint purchasing alliance with Auchan, German retailer Metro and France’s Schiever, the ramp-up of its data monetisation business and of its energy subsidiary GreenYellow, It is also expanding its online offering through a deal to use UK online retailer Ocado’s (OCDO.L) platform, Monoprix has also become the first French retailer silver edition ny mets cufflinks to agree to sell groceries via Amazon (AMZN.O)..
LONDON (Reuters) - Jollibee Foods (JFC.PS), a major Asian fast-food operator, hopes to generate half its sales outside its home market of the Philippines within five to seven years, up from 30 percent now, its chief executive told Reuters. It also hopes to double its revenue in five years, as it expands its own chains and buys others, at a time when dealmaking in the restaurant sector is heating up as increasing competition and costs fuel consolidation. Earlier this year, Coca-Cola (KO.N) agreed to buy Costa Coffee and JAB Holdings bought Pret a Manger, which Jollibee also considered.
More recently, Restaurant Brands New Zealand (RBD.NZ) said it was in takeover talks, TGI Friday’s UK went on the block and sources said Bojangles BOJA.O was exploring a possible sale, “There silver edition ny mets cufflinks are a lot of discussions going on, but only a few end up with final negotiations,” CEO Ernesto Tanmantiong said in an interview on Thursday, ahead of the weekend opening of its first British Jollibee fried chicken restaurant in London, Tanmantiong said he was open to strategic acquisitions, adding the size didn’t matter, as long as targets were fast-food or fast-casual restaurants, offered a superior product and had scope to scale up..
The company, which has a market value of more than $5 billion, already has 4300 stores under 14 brands in 20 countries. It operates Burger King stores in the Philippines, Dunkin Donuts (DNKN.O) in China and Highlands Coffee in Vietnam and is the majority owner of Smashburger in the U.S. Growth in China and the United States is key, Tanmantiong said. “We intend to replicate what we did in the Philippines by having multiple brands in China and the USA,” he said. The company last month entered into a venture with US chef Rick Bayless to build a Mexican chain.
China already accounts for 10 percent of group sales, through Dunkin and its two local brands, There are currently no Jollibee restaurants in China, where rival KFC (YUMC.N) is silver edition ny mets cufflinks very strong, but Tanmantiong sees its locations in Hong Kong and Macau as a gateway to the mainland, Over the next five years the Jollibee chain, which began as an ice cream parlor in Manila, will expand in Europe, the United States and Asia, A Manhattan Jollibee, New York City’s second, will open later this month, followed by one in Malaysia by the end of the year and one in Indonesia by 2020..
Overall, Jollibee expects to have 50 stores in Europe over the next five years, half of them in Britain. “It has a big Filipino population and it has a big fried chicken market,” Tanmantiong said. Jollibee has 41 stores in North America, the bulk of which are in the United States. Within five years, it expects this to balloon to 150 in the US and 100 in Canada. The company is planning a stock market listing next summer of its Vietnamese coffee business, but Tanmantiong said no other of its businesses were currently ripe for a listing.
PARIS (Reuters) - French tire maker Michelin (MICP.PA) cut its full-year market forecasts on Thursday and said a sales slowdown would worsen in the fourth quarter, blaming weaker Chinese vehicle demand and new emissions standards that have hit European registrations, Michelin’s silver edition ny mets cufflinks own sales volumes are now expected to show only a “slight increase” for 2018, the company said, It had previously pledged to increase sales in line with more robust market growth expectations, in guidance reiterated on Sept, 13..