Grocery giants including Tesco, Woolworths team up to launch $125 million VC fund [Reuters]
TESCO PLC S/ADR (TSCDY)
NASDAQ:AMEX Investor Relations:
tescoplc.com/investors
Company Research
Source: Reuters
JOHANNESBURG, April 8 (Reuters) - Global supermarket chains including Tesco (TSCO.L) , opens new tab , Australia's Woolworths Group (WOW.AX) , opens new tab and Africa's biggest grocery retailer Shoprite (SHPJ.J) , opens new tab have teamed up to launch a $125 million venture capital fund to accelerate retail innovation. The new fund, W23 Global, will invest over five years in start-ups and scale-ups deploying technology to benefit consumers "by driving faster, more personalised and connected experiences across stores and online", the retailers said in a statement on Monday. That will include investments in start-ups deploying technology to overhaul the grocery value chain and address sustainability in the sector. Each retailer, including Ahold Delhaize (AD.AS) , opens new tab and Empire Company (EMPa.TO) , opens new tab , is an equal funder and partner in W23 Global, and their CEOs will sit on the investment committee, they said. "At a time when innovation is reshaping retai
Show less
Read more
Impact Snapshot
Event Time:
TSCDY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TSCDY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TSCDY alerts
High impacting TESCO PLC S/ADR news events
Weekly update
A roundup of the hottest topics
TSCDY
News
- Boohoo, H&M Lock Horns With UK Legislators Over ‘Fast Fashion' [Yahoo! Finance]Yahoo! Finance
- Inditex's golden era is coming to an end [Reuters]Reuters
- Are Exiting Brands Making Myanmar's Labor Conditions Worse? [Yahoo! Finance]Yahoo! Finance
- “Bring it in temporarily, take it out, create a fuss” – Naturli' Foods CEO Henrik Lund on his love of limited edition products [Yahoo! Finance]Yahoo! Finance
- Tesco leverages AI for Clubcard Challenges solution [Yahoo! Finance]Yahoo! Finance