World
Operating profit of European tobacco could improve over the next 12-18 months
Moody’s has published its outlook for European tobacco companies, which forecasts that operating profit could improve over the next 12-18 months to 4.0%-5.0% from 2.5%-3.5% in late 2014 (excluding foreign ex...
Read MoreCoop Italia completes acquisition
Coop Italia has completed its acquisition of 32 Superconti stores in central Italy. Coop Centro Italia, one of Coop Italia's cooperatives, and Superconti released a joint statement at the end of May outlinin...
Read MoreMETRO Group trials Emmas Enkel shopping wall
Having acquired a minority stake in multi-channel start-up neighbourhood store and online food retailer Emmas Enkel in December last year, the e-grocer has opened a new shop in collaboration w...
Read MoreRewe forms strategic alliance with Lerclerc
A year after forming new buying group, Core, with Colruyt, Conad, Coop (CH), Rewe will leave and set up a new alliance with Lerclerc. Originally the retailers formed the new Buying Group after splitting from...
Read MoreFRANCE: Government set to introduce plain cigarette packaging
The French government is set to introduce plain-packaging laws for all tobacco companies, as part of a crackdown on smoking. The move, which will come into effect from 2016, has been approved by France’...
Read MoreRewe says ready for more deals after strong FY growth
Rewe has said it is ready to make new acquisitions, given its strong financial position. The comment by CEO Alain Caparros came after the group reported strong profit and sales growth for the last fiscal yea...
Read MoreCarrefour launches home scanning system for shoppers
Carrefour Belgium has announced that it will soon provide its customers with a device for scanning items in the home so that they can order them online. The device, which is remote control sized, will al...
Read MoreKraft and Heinz Merge to Create Iconic Food Giant
H.J. Heinz Company and Kraft Foods Group, Inc. announced that they have entered into a definitive merger agreement to create The Kraft Heinz Company, forming the third largest food and beverage company in No...
Read MoreFerrero profits jump 14% in 2014 as Kinder eggs sales soar
Italian confectionery group Ferrero reported a 14% rise in 2014 pre-tax profit to 907 million euros citing strong sales of its Kinder Joy chocolate eggs with small toys inside. The maker of Nutella chocolate...
Read MoreLidl to invest a record 200 million euros in Spain
Lidl Supermarkets aims to boost its growth in Spain this year with an investment of over 200 million euros, the highest annual budget for the German chain in Spain in the twenty years it has been present in ...
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