business news in context, analysis with attitude

• British retailer Marks & Spencer announced that it plans to open a wholly owned store on mainland China, its first, during the 2008 fiscal year.

• PepsiCo has announced that it is reorganizing its business into three divisions – one for al its American food and snack business, one for its American beverage business, and one international division.

• Shareholders in Coles Group, the Australian retailer, have voted in favor of a takeover of the company by Wesfarmers Ltd. for the equivalent of $17 billion (US). If the government approves the deal, which is expected to happen at the end of the week, then Wesfarmers takes over the company on November 23.

KC's View: