World
Metro launches concept store with eBay
Metro Group, eBay and Paypal have been testing a new concept “The inspiration store”, which combines a physical store with online and mobile facilities aiming to create an omnichannel experience for shoppers...
Read MoreLavazza wants to buy Douwe Egberts' L'Or brand
Italian coffee brand Lavazza is allegedly interested to buy the L'Or brand from DE Master Blenders. An official bid should be lodged in November, but there may be others who will step in. ...
Read MoreTesco Chairman quits as supermarket unveils 92% profit plunge
Tesco's chairman has been forced to resign as the supermarket revealed that its pre-tax profits had plunged by a record 91.9% and that its £250m accounting scandal is bigger than previously though...
Read MoreMetro Group confirms Danish Cash & Carry exit
German retailer Metro has announced it is to exit the Danish cash and carry market as it is too small to compete against the bigger players. The retailer will close three stores and sell off two others in th...
Read MoreRewe outlines growth plans and next steps on sustainable expansion
Rewe has reaffirmed 2014 store growth targets and outlined plans for the development of more environmentally-friendly store formats. Rewe has announced its commitment to add 200 new stores over 2014 in Germa...
Read MoreTengelmann sells its supermarkets to Edeka
German retail holding group Tengelmann is selling its grocery unit Kaiser's to the country's biggest supermarket chain Edeka as it is too small to compete in a tough market dominated...
Read MoreRetail sales bounce back in August
Retail sales across Europe returned to growth in August, after a surprise drop in July, helped largely by growth in non-food sales. According to preliminary figures from Eurostat, sales in the 18-mem...
Read MoreCoty looks to buy Chanel’s Bourjois brand
Coty Inc has made an offer to buy Chanel’s ‘Bourjois’ cosmetics brand, in a move aimed at boosting its presence in Europe. Chanel said it has agreed to exclusive talks over the deal, under which it is being ...
Read MoreBonduelle's yearly profit drops after European antitrust fine
French food manufacturer Bonduelle's yearly profits for its broken fiscal year 2013-2014 has dropped 70 %, mainly because of the huge fine Europe imposed because of price arrangements. Bonduelle announc...
Read MoreAuchan consolidates logistical capabilities
Auchan France will start building of a new distribution center (DC) in Marne-la-Valee, to the East of Paris in September 2014. The facility will help streamline shipping distances, time and costs and will al...
Read More