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Delhaize has no plans to exit Greece, business there prospering

Delhaize has no plans to exit Greece, business there prospering

Belgian food retailer Delhaize said it had no plans to leave Greece and that its stores there were prospering, although it has taken measures to deal with a possible Greek debt default. Delhaize operates...

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Huge cartel fines for Aldi, Metro and Rewe

Huge cartel fines for Aldi, Metro and Rewe

A number of German supermarket chains - namely Aldi, Edeka, Kaufland, Metro and REWE - have been found guilty of price deals on food and cosmetics. Alongside several manufacturers, the joint fine reached 151...

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Carlsberg enters beauty category with launch of men’s products

Carlsberg enters beauty category with launch of men’s products

In a surprise move, Carlsberg has announced its entry into the beauty and skincare categories, with the launch of a new range of men’s grooming products. While the initial offer features just three products ...

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Ahold and Delhaize announce merger

Ahold and Delhaize announce merger

Ahold and Delhaize have announced their plans to combine their businesses, creating a major new retailer in Europe and the US. The new entity, to be called Ahold Delhaize, will operate more than 6,500 s...

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SERBIA: Import fees for milk and yoghurt introduced

SERBIA: Import fees for milk and yoghurt introduced

The Serbian government has introduced variable levies on milk, cream and yoghurt imports. The import taxes vary from 10 Serbian Dinars (0.08 euros) to 30 Serbian Dinars (0.25 euros) per liter/kilogram a...

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Bingo to takeover local supermarket chain

Bingo to takeover local supermarket chain

Bosnian retailer Bingo is planning to take over several supermarkets formerly owned by Slovenia's Tuš, according to a statement by the Competition Council of Bosnia and Herzegovina. Tuzla-based Bingo pla...

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HUNGARY: Government approves food industry development strategy

HUNGARY: Government approves food industry development strategy

Hungary’s government approved a mid- and long-term development strategy for the country’s food industry, which aims to raise the sector’s profit margin from break-even to 4-5% by 2020, Hungary’s Ministry of ...

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Food prices hit six year low amid falling cereal prices

Food prices hit six year low amid falling cereal prices

Major food commodity prices declined again in May, hitting an almost six-year low as cereal prices fell substantially amid a favourable outlook for this year's harvests. The FAO (Food and Agriculture Organiz...

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Operating profit of European tobacco could improve over the next 12-18 months

Operating profit of European tobacco could improve over the next 12-18 months

Moody’s has published its outlook for European tobacco companies, which forecasts that operating profit could improve over the next 12-18 months to 4.0%-5.0% from 2.5%-3.5% in late 2014 (excluding foreign ex...

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Coop Italia completes acquisition

Coop Italia completes acquisition

Coop Italia has completed its acquisition of 32 Superconti stores in central Italy. Coop Centro Italia, one of Coop Italia's cooperatives, and Superconti released a joint statement at the end of May outlinin...

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