Company and Personal News

The price was not enough for Metro’s shareholders

Daniel Kretinsky Czech billionaire failed in his attempt to acquire majority ownership in the Metro group – piacesprofit.hu wrote. Kretinsky’s investment firm, EPGC, said on the Internet: “We assume that...

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Lidl is expanding its Hungarian products

Lidl Magyarország is further expanding the range of its own branded product line called Hungarian Treasures, which are products exclusively from Hungarian suppliers – origo wrote. Lidl Magyarország within the...

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ULINK: 12 times make up a dozen

ULINK members met for the 12th time on 5 June. The new Unilever office is very stylish and participants started gathering 1 hour before the programme’s start. We had a superb dinner,...

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Austria: Sales stagnation for discounters

In 2019 the combined market share of discount supermarket chains Aldi (called Hofer in Austria) and Lidl dropped to 26.1 percent – in 2018 their share was 26.6 percent. At the...

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Private labels keep growing this year

In April 2019 the sales growth of private label products was 0.7 percent in France, which was bigger than the 0.4-percent strengthening of manufacturer brands – reported the Private Label...

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Mercadona enters Portugal

Spanish retailer Mercadona might be bigger than the four retail chains that follow it in the ranking, but it must invest in new channels and markets to keep its position...

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X5 vs. Magnit: 1:0

Russian fruit and vegetable retailer Magnit keeps losing ground against rival company X5 Retail Group. The price of the company’s shares has reached an all-time low and CEO Olga Naumova...

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Diageo buys majority share in Seedlip

Diageo, the world’s largest spirits company has acquired a majority share in distilled non-alcoholic spirits brand Seedlip, as it seeks to serve a growing population of teetotallers in the UK....

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Campari in talks to buy French  company Rhumantille

Italian drinks group Campari has started exclusive negotiations to acquire French firm Rhumantilles SAS, in an effort to strengthen its rum business and grow its market in France. Rhumantilles makes...

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Nestlé rolls out vegan coffee mixes

In the UK and Ireland food giant Nestlé has launched a new range of dairy-free Nescafé Gold lattes, developed from plant-based ingredients. The coffee mix range is available in three variants....

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