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Asia will lead global grocery market by 2021: IGD

Asia will lead global grocery market by 2021: IGD

The grocery market in Asia is preparing to boom, said retail analyst IGD Its growth in five years will outstrip North America and Europe combined. By 2021, the Asia grocery market will have increased by 1.1 ...

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Rewe names long term successor for Alain Caparros

Rewe names long term successor for Alain Caparros

Germany's Rewe Group has announced that Lionel Souque is to take over as chief executive at the start of 2019, replacing the current CEO, Alain Caparros. Souque will take up his position on 1 January 201...

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Finnish retailer Kesko is to sell its Russian grocery stores to Lenta

Finnish retailer Kesko is to sell its Russian grocery stores to Lenta

Kesko's net grocery sales in Russia were 106 million euros in 2015: that's less than 2% of its total. Mikko Helander, president and CEO of Kesko, said it would have needed significant investment to grow its ...

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Biedronka to open 100 more shops in Poland

Biedronka to open 100 more shops in Poland

Poland's leading discount retailer Biedronka is planning to open 100 more shops, Jeronimo Martins, Biedronka's Portuguese owner, has reported. The retail chain is planning to improve its offer and become...

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Aldi to open first Italian store by summer 2017

Aldi to open first Italian store by summer 2017

Discounter Aldi is set to open its first store in Italy by next summer. According to Italian daily Il Sole 24 Ore, the 1,500 square metre store will be located in Tento, to be followed by stores in Verona an...

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Coty completes P&G beauty acquisition

Coty completes P&G beauty acquisition

Coty has completed the acquisition of Procter & Gamble’s speciality beauty business, making it the third-largest beauty company in the world, with estimated revenues of 9 billion dollars. The deal in...

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Kaufland opens online shop in Germany

Kaufland opens online shop in Germany

The German hypermarket Kaufland, part of the Schwarz Gruppe which also owns Lidl and Handelshof, has opened an online shop in Germany. But for now, the online delivery service is only available in Berlin. Th...

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Agrokor posts record profit, thanks to regional market performance

Agrokor posts record profit, thanks to regional market performance

Croatian food-to-retail consortium Agrokor achieved a record profit of 159.9 million euros in 2015, the company has revealed. The group, which operates the Konzum (Croatia and Bosnia and Herzegovina), Roda (...

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Rewe International AG to phase out plastic carrier bags

Rewe International AG to phase out plastic carrier bags

Rewe International AG has announced that it will phase out plastic carrier bags for good, over the first six months of 2017. The move to offer customers more permanent shopping bags and p...

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More than 5000 AB InBev jobs threatened

More than 5000 AB InBev jobs threatened

Following its merger with SABMiller, AB InBev will apparently gradually cut 3 % of all jobs, some 5,500 jobs. The job cuts are part of AB InBev's plan to create synergy with SABMiller's operations, whic...

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