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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...
Read MoreHUNGARY: 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 ...
Read MoreBOSNIA-HERZEGOVINA: Konzum to invest 15 million euros and open 20 new stores
Croatian retailer Konzum will this year create 300 jobs and invest 30 million Bosnian Convertible Marka (15 million euros) in Bosnia and Herzegovina. On the occasion of the 10th anniversary of oper...
Read MorePOLAND: Carrefour in bid to buy alcohol chain
Carrefour Polska is attempting to buy Galeria Alkoholi, a nationwide chain of stores selling alcoholic drinks. News of the takeover-bid was revealed by anti-monopoly institution the Office of Competitio...
Read MoreTetra Pak develops cheese business by acquiring Polish company
Tetra Pak, the world leader in food processing and packaging solutions, has completed the acquisition of Polish company Obram S.A., a leading provider of cheese technology solutions and equipment in Poland, ...
Read MoreCzechs prefer Kaufland over other retailers
According to the results of the latest survey carried out by Incoma GfK, the dominant position on the Czech retail market is held by the hypermarkets (Albert, Globus, Interspar, Kaufland and Tesco); 47 per c...
Read MoreRUSSIA: Carlsberg announces closure of two breweries
The Carlsberg Group has decided to close two of its 10 breweries in Russia, followinglast year’s suspension of production at two of its Russian breweries. The Group has evaluated its Russian production struc...
Read MoreMagnit plans ‘aggressive’ 2015 store opening amid Russian crisis
PJSC Magnit, Russia’s largest retailer, plans to strengthen its market position by accelerating store openings just as the country’s economy enters a recession. “We’ll have our most aggressive opening pl...
Read MoreTesco closes stores in the Czech Republic
The British Tesco supermarket chain closes two large stores in the Czech Republic soon. As the result of the closure of the Supermarkets in Ústí nad Labem and Prague, 102 people will lost their jobs – Tesco’...
Read MoreHUNGARY: SPAR denies plans to close stores
The Hungarian arm of Austrian retailer SPAR has denied press reports earlier this week that it was to close stores in Hungary, but UK-based Tesco will not stop at shutting 13 stores in Hungary, daily newspap...
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