retail news in context, analysis with attitude

Business Week and branding agency Interbrand are out with their annual evaluation of the world’s greatest brands, with Coca-Cola and IBM retaining their hold on the top two spots on the list. However, the list also notes that because of the recession, the total value of the top 100 brands dropped 4.6 percent over the past year, to a total of $1.15 trillion.

• Bankrupt Pilgrim’s Pride Corp. in the US and Bertin SA in Brazil have been acquired by JBS SA, the world’s largest beef producer, Bloomberg reports, saying that “JBS will buy a 64 percent stake in Pilgrim’s Pride for $800 million in cash based on an enterprise value of about $2.8 billion … JBS will take over Bertin in a share swap by creating a holding company that will control both meatpackers.”

Bloomberg reports that Ocado Ltd., the UK pure-play online grocery service, may initiate an initial public offering (IPO) of the company’s stock as a way of fueling its growth. An IPO could generate as much as the equivalent of $900 million in capital.
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