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Mercator doubles investment in 2017

Mercator doubles investment in 2017

Mercator has revealed its business plan for 2017, targeting revenue of 2.4 billion euros, less than the 2.6 billion euros of anticipated revenue this year, with the decline attributed to an increased focus o...

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Italian private-label market worth 10 billion euros in 2016

Italian private-label market worth 10 billion euros in 2016

The Italian private-label market is set for a recovery in 2016, after three years of declining sales, reports daily Il Sole 24 Ore. According to the latest IRI data, updated in September, the private-la...

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Nestlé cuts sugar in chocolate by 40%

Nestlé cuts sugar in chocolate by 40%

Swiss Nestlé has created a new production process with a 40 % decrease in sugar for its chocolate products. Starting in 2018, the process will actually be used for all of its products. Thanks t...

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HUNGARY: Domestic supermarkets lose ground to German chains

HUNGARY: Domestic supermarkets lose ground to German chains

Foreign, particularly Germany-based discount supermarkets are expanding at a much faster rate on the Hungarian market than domestic chains, with Aldi, Penny Market and Lidl having been the most active this y...

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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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