Law & Trade
Well-known Japanese store, DAISO Japan, was raided by investigators on Monday for failing to report its mislabelled Japanese food products back to the government, according to the Taipei District Prosecutors Office. Taipei City's Health Bureau sent officials to investigate DAISO Japan headquarters on Monday, after Taoyuan's Health Bureau discovered restricted products in the city's Luchu District warehouses on Saturday.
Struggling surf-wear retailer Billabong said on Thursday it received notice of a shareholder class action lawsuit over market disclosures it made four years ago.
The Federal Court of Australia online register said law firm Slater & Gordon filed a statement of claim a day earlier. A Slater & Gordon spokesperson was not immediately available for comment.
The law firm said a year ago that it planned to seek compensation for shareholders, alleging the company gave earnings guidance for the 2012 financial year that lacked reasonable grounds.
Chinese consumers who receive shoddy goods from online purchases can now hold trading platforms responsible, according to China's first regional regulation on online sales issued on Thursday in Hangzhou, capital of Zhejiang Province, which is home to a number of China's e-commerce heavyweights such as Alibaba.
The Provisional Regulation on Online Sales Management gives consumers the right to ask e-commerce trading platforms to help settle their disputes with online businesses over unsatisfied purchases.
Australian Small Business Minister Bruce Billson has won support for the grocery industry code of conduct from discounter Aldi but is disappointed that wholesaler Metcash has agreed to adopt elements of the code rather than sign up in full.
The code, which was tabled in Parliament on Monday and takes effect on Tuesday, prohibits certain types of unfair conduct by retailers and wholesalers in their dealings with suppliers and provides a clearer framework for retailer and supplier negotiations.
Australia's biggest food retailer, Woolworths, says it's ready to work with the government to improve food-labelling laws, amid expectations graphics indicating the percentages of Australian and imported content in food will be introduced.
In the wake of the hepatitis A outbreak that has been linked to imported frozen berries, Industry Minister Ian Macfarlane and Agriculture Minister Barnaby Joyce have been asked to prepare a submission on country-of-origin food-labelling laws for cabinet by the end of March.
McDonald’s Philippines has partnered with mobile services provider Smart Communications in its latest marketing promo to encourage customers to purchase value meals.
Every order of any McDonald’s Value Meal plus fries or sundae comes with a free Smart messaging coupon that gives customers a whole day of unlimited text and unlimited access to mobile chat apps.
A grocery industry code of conduct aimed at curbing unfair treatment of suppliers by the major supermarket chains will be enacted within days, more than two years after talks commenced between Coles, Woolworths and the food and grocery industry.
There’s still “work to be done” to eradicate fake goods on its e-commerce platform, Alibaba Group Chairman Jack Ma has told the head of the Chinese quality watchdog, as he vowed to devote further efforts to the issue.
Less than two months after Coles agreed to settle unconscionable conduct claims, Metcash is embroiled in a legal stoush with a major supplier who has accused the food and liquor distributor of demanding excessive rebates and payments.
COFCO Distributors and Fasttrack Logistics, which are owned by a group of Indonesian businessmen, have accused Metcash of unconscionable conduct and using unfair tactics to force them to hand over more than AUD11 million in rebates and payments over the last six years.
Jack Ma, 1. China, 0. That seems to be the score in the unusually public tussle between the Alibaba billionaire and Beijing. Rarely does a mainland magnate push back when the Communist Party questions its business practices and ethics, and certainly not in the glare of the global news media.
But Ma is standing his ground, and the government has toned down its criticism of Alibaba selling fake goods on its e-commerce site.