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Marinopoulos acquires stake in distributor and retailer in Crete

Marinopoulos acquires stake in distributor and retailer in Crete

Marinopoulos, Carrefour’s exclusive franchise holder in Greece, has acquired 51% interest in Cretan Retail Management SA. The company operates 70 CRM Ariadne supermarkets, supplies 140 additional supermarket...

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eMag to enter Polish market

eMag to enter Polish market

Romanian online retailer eMag plans to enter Poland by acquiring agito.pl. The retailer filed a request for approval in December 2014. eMag operates in Romania, Bulgaria and Hungary with estimated sales of E...

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RUSSIA: X5 to open new DC

RUSSIA: X5 to open new DC

X5 has signed an agreement with A Plus Development, an industrial developer, to build a 33,500 square meters distribution center (DC) in Shushary Industrial Park, St. Petersburg, Russia. X5 will sign a l...

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HUNGARY: Retailers react to Sunday ban

HUNGARY: Retailers react to Sunday ban

  Despite concerns voiced by opposition MPs, retailers and trade groups, the parliament in Budapest adopted a law ordering large stores to stay closed on Sundays. Passed by the overwhelming majority...

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POLAND: Tesco opens innovation center in Kraków

POLAND: Tesco opens innovation center in Kraków

Tesco has opened its European Innovation Centre in Kraków, the company said on Thursday. Products created at the site will be marketed not only in Poland, but also in the Czech Republic, Slovakia and Hungary...

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Orkla sells Russian confectionery business

Orkla sells Russian confectionery business

Orkla has entered into an agreement to offload its Russian confectionery business to Slavyanka-Lyuks, a member of Russian confectionery group Slavyanka, for an undisclosed sum. The unit, Orkla Brands Rus...

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GREECE: Metro to sell off local cash & carry unit

GREECE: Metro to sell off local cash & carry unit

The Metro Group continues to pare its assets portfolio, with its latest move seeing it sell off its Makro Cash & Carry unit in Greece. The deal is the latest in a string of sales by the German group, as ...

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REGION: Mercator reports 9M 2014 results

REGION: Mercator reports 9M 2014 results

Mercator has reported its nine month (9M) results for 2014: the company achieved sales of EUR 1.99 billion, a 3.6% decrease year-over year (y-o-y). The lower revenue was a result of exiting the Bulgarian and...

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Mondelez invests $24 million in Turkey

Mondelez invests $24 million in Turkey

Mondelez International today announced plans to invest $24 million to increase capacity of its plant in Gebze, Turkey, to support growth in the company's global confectionery business. The Gebze plant pr...

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Delhaize opens distribution centre in Serbia

Delhaize opens distribution centre in Serbia

Belgian retailer Delhaize has opened a distribution centre in Stara Pazova, in Serbia, investing over €50 million and creating 750 jobs. The distribution centre has an area of 70,000 m2, with the ability to ...

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