World
Metro Group shareholders approve demerger
The shareholders of the Metro Group have approved its demerger into two independent companies, with a near-unanimous vote at its Annual General Meeting. Both companies have already been operating as inde...
Read MoreItalian 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...
Read MoreNestlé 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...
Read MoreAsia 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 ...
Read MoreRewe 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...
Read MoreAldi 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...
Read MoreCoty 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...
Read MoreKaufland opens online shop in Germany
The German hypermarket Kaufland, part of the Schwarz Gruppe which also owns Lidl and Handelshof, has opened an online shop in Germany. But for now, the online delivery service is only available in Berlin. Th...
Read MoreRewe International AG to phase out plastic carrier bags
Rewe International AG has announced that it will phase out plastic carrier bags for good, over the first six months of 2017. The move to offer customers more permanent shopping bags and p...
Read MoreMore than 5000 AB InBev jobs threatened
Following its merger with SABMiller, AB InBev will apparently gradually cut 3 % of all jobs, some 5,500 jobs. The job cuts are part of AB InBev's plan to create synergy with SABMiller's operations, whic...
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