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Carrefour, Casino in non-binding offers for DIA France

Carrefour, Casino in non-binding offers for DIA France

Retailers Carrefour and Casino made non-binding offers to buy DIA France, the loss-making French division that Spanish discount supermarket chain DIA has put up for sale, Le Figaro daily reported. The tw...

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SABMiller results, boosted by Africa, Latin America

SABMiller results, boosted by Africa, Latin America

SABMiller reported a slight increase in full-year profit as the multinational beer company's sales in developing markets such as Africa and Latin America helped offset tougher trading conditions in Europe an...

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Billa to invest 130 EUR in its Austrian chain

Billa to invest 130 EUR in its Austrian chain

Billa is to invest EUR130 million this year in its Austrian store chain. Approximately 100 outlets are being refurbished, while 25 new ones are being built, the Rewe Group-owned supermarket retailer has said...

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Dia to exit French market

Dia to exit French market

Spanish retailer Dia has announced plans to sell off its French operations, saying it wants to focus on its core markets. The hard discount giant has been recording losses in the country for some time, and h...

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First European Unilever tea bar opens in London

First European Unilever tea bar opens in London

Manufacturer Unilever has opened its first tea bar T2 in London, after it had purchased the Australian T2 in 2013. It will now expand the brand to Europe. Unilever wants to use the T2 store in London to ...

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Lidl will only head to United States in 2018

Lidl will only head to United States in 2018

German discounter Lidl will move its plans to move to the US with 100 stores in 2015 back to 2018. The departure of 2 board members in March apparently influenced the decision, according to several German me...

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Carrefour establishes Carmila in France, Spain and Italy

Carrefour establishes Carmila in France, Spain and Italy

Carrefour has established a new subsidiary, called “Carmila” which incorporates 171 shopping centers in France, Spain and Italy. Carrefour owns 41% of the subsidiary’s shares and the rest are held by investm...

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Colgate-Palmolive tops expectations despite profit slump

Colgate-Palmolive tops expectations despite profit slump

Colgate-Palmolive has reported a sharp drop in net profit for its fiscal first quarter, however, the results were better than analysts had forecast. For the three months to 31 March, net profit was down 16% ...

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P&G to raise prices after Q1 slowdown

P&G to raise prices after Q1 slowdown

Procter & Gamble has admitted that it will have to raise the price of its products, particularly in newer markets, after currency fluctuations hurt profit and sales growth for its first quarter. The worl...

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EU to cut plastic bag use by 80%

EU to cut plastic bag use by 80%

The European Parliament has backed plans to slash the use of plastic shopping bags which, carelessly thrown away, end up as unsightly litter and pollute the environment. Environmentalists estimate that e...

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