Supermarkets in the US are more reliant on branded products than their counterparts in Europe, which have bigger selections of private label goods. But the recession is being treated by US retailers as a chance to have another go with private label.
Wal-Mart has relaunched its Great Value private label brand and I had an interesting chat today with executives from 7-Eleven, the Japanese-owned convenience store chain, which is trying to do the same thing with its 7-Select private label brand. Read more
Tim Geithner’s plan to make it compulsory for larger hedge funds to register with the Securities and Exchange Commission, and to disclose information to the SEC about their investors and counter-parties, will probably cause some griping in the industry.
Hedge funds can fairly argue that they have hardly been at the epicentre of the financial crisis and have been able to suffer heavy investor withdrawals, and even collapse, without noticeably hurting the financial system as a whole. Read more
My FT column this week is on Tim Geithner and Ben Bernanke’s plan for winding up insolvent financial institutions: Read more