Region

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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Spar continues to thrive across Russia

Spar continues to thrive across Russia

Spar Russia experienced an above industry average growth last year, with an overall sales increase of 19%. Spar operates 420 stores across Russia, spanning from Northwest St Petersburg to Irkutsk in Southeas...

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German Lidl considers entering Bosnian market, buys internet domain

German Lidl considers entering Bosnian market, buys internet domain

German retail chain Lidl considers possibilities to enter the market of Bosnia and Herzegovina. One of the evidence is that the German company has already purchased a national Internet domain in BiH – www.li...

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Carrefour closes down hypermarket

Carrefour closes down hypermarket

Carrefour has closed its hypermarket in Skopje, the capital of the Former Yugoslav Republic of Macedonia, with employees claiming that they have not received their salaries since November. The hypermarke...

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Mercator reveals 2016 business plan

Mercator reveals 2016 business plan

Slovenian market leader Mercator has revealed its business plan for 2016, targeting revenue of 2.6 billion euros and a profit of 55.3 million euros. Mercator is yet to reveal its 2015 results, although the 2...

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Maxima grows across markets in 2015

Maxima grows across markets in 2015

Baltic retailer Maxima has reported its 2015 results, revealing that consolidated turnover excluding VAT grew by 3.6% to 2.677 billion euros. The retailer revealed that turnover increased in all countries, i...

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CROATIA: Lidl plans 40 million euros investment in 2016

CROATIA: Lidl plans 40 million euros investment in 2016

Discounter Lidl is planning to invest 40 million euros in its Croatian unit during 2016, following an investment of 35 million euros this year. Speaking at a press conference, the CEO of Lidl H...

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SLOVENIA: Mercator group opened 37 new stores in 2015

SLOVENIA: Mercator group opened 37 new stores in 2015

Slovenian retail group Mercator opened 37 new stores and two distribution centres in the first nine months of 2015. Mercator Group also sought and evaluated new potential locations for expansion of the retai...

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BOSNIA: Konzum launches private-label line

BOSNIA: Konzum launches private-label line

Croatian retailer Konzum has launched a new private-label brand for the Bosnian market. The 'Tradicija moga kraja' (Tradition from my Region) brand consists of high-quality healthy products prepared and prod...

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Intermarché announces Serbian exit

Intermarché announces Serbian exit

French retailer Intermarché (part of Les Mousquetaires group) is leaving Serbia, selling its nine supermarkets to local rival Aman. The deal has received the green light from Serbia’s Commission for the Prot...

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