Company and Personal News
Industrialists want steeper tax cuts
Date: 2008-09-04 00:00:00
The National Union of Industrialists approved of the overall tax cut package but would like to see the 1.2 trillion forint (about 4.7 billion euros) cuts introduced in less than...
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Carrefour Romania doubles operating income
Date: 2008-09-04 00:00:00
In the first six months of the year, the company reported a VAT-free turnover of 427.1 million euros on the Romanian market, up 40.3% against the same time in 2007....
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InBev to Sell Oriental Brewery
Date: 2008-09-04 00:00:00
Belgian brewer InBev NV is planning to put its South Korean beer business up for sale, in an effort to shed a noncore asset and raise what could be roughly...
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Coca-Cola Company to Buy Chineese Juice Group
Date: 2008-09-04 00:00:00
The Coca-Cola Company announced its intention to make cash offers to purchase China Huiyuan Juice Group Limited, a Hong Kong listed company which owns the Huiyuan juice business throughout China....
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Dream cars and Playboy mates from Beck's
Date: 2008-09-03 00:00:00
Four lucky beer drinker won a Volvo C30, the keys were given by Playboy's Miss July, the cover girl. The game started on 7. July. Until 31. August more than...
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Delhaize Group Closes La Fourmi Acquisition in Romania
Date: 2008-09-03 00:00:00
The Belgian international food retailer, announced today that it has completed through its fully-owned subsidiary Mega Image the earlier announced acquisition of La Fourmi, which operates 14 stores in Bucharest,...
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Carrefour on shortlist to buy Lenta
Date: 2008-09-03 00:00:00
According to French press reports, Oleg Jerebtsov, founder of St Petersburg-based hypermarket chain Lenta, is considering selling 89% of his company to the highest bidder, possibly Carrefour. Wal-Mart, Carrefour, Kesko...
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Processing against Tesco because of cheap meat
Date: 2008-09-03 00:00:00
According to the informations of Kelet-magyarországi Húsosok Kereskedelmi Kft. the hypermarket chain sell spare rib with bone for HUF 700, also this is the suppliers' price. József Fazekas, president of...
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Lidl starts construction of Bulgarian outlets
Date: 2008-09-03 00:00:00
German retailer will start building a pilot outlet in the city of Lovech, Northern Bulgaria, the company said. Work on a further five outlets will begin by the end of...
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The school year beginns with Nutrition Olympic
Date: 2008-09-03 00:00:00
The common program of Nestlé Hungária Kft. and the Hungarian Dietetic Association focuses on prevention of child obessity. School using the Nutrikid teaching program can take part on Nutrition Olympic....
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Euronics International posts record revenues
Date: 2008-09-02 00:00:00
Europe's biggest group of independent retailers in the consumer electronics market, realised record revenues of EUR 12.6 billion in the elapsed financial year. The international alliance oparets at over 11,500...
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Dell shares slump as earnings disappoint
Date: 2008-09-02 00:00:00
While revenue increased from a year ago, to more than $16 billion, Dell's profit fell 17% as the company said its margins were hurt by low pricing as it works...
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Meat-processing plant in Mako
Date: 2008-09-01 00:00:00
Turkish-owned Duna-Doner will supply Turkish restaurants in western Europe with meat for doner kebabs. According to press information the company will begin construction of a Ft 500 million (€2.14 million)...
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Solid Sales Growth at Carrefour
Date: 2008-09-01 00:00:00
French retail giant announced sustained sales growth of 8.5% at constant exchange rates in its 1H 2008 results. The company said it was strongest first half growth since 2005. This...
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PepsiCo to finish Acquisition of Russian Juice Leader
Date: 2008-09-01 00:00:00
Lebedyansky is the world's sixth-largest juice manufacturer and the largest in Russia, with an estimated market share in Russia of around 30% and annual revenues in 2007 of approximately $800...
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TESCO plans store for pensioners in UK
Date: 2008-09-01 00:00:00
Supermarket giant Tesco could be about to open its first pensioner-friendly supermarket in the UK, it has been revealed. If given the go-ahead, the store would feature extra wide aisles,...
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X5 Retail strong Q2
Date: 2008-09-01 00:00:00
The Russian retail Group NV said second quarter net profit reached $74 million, up more than five-fold from $14 million in the year-earlier period thanks to surging sales and tighter...
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SCHUITEMA to sell ten stores in Netherlands
Date: 2008-09-01 00:00:00
Dutch retailer Schuitema has said it is to sell ten ailing C1000 stores. Seven will be handed over to discount retailer Aldi, while two will go to Schwarz Group's Lidl,...
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Prada May Postpone IPO in an Uncertain Market
Date: 2008-08-29 00:00:00
Earlier in the year, rumors swirled about a potential Prada IPO, divesting the company of a third of its shares and forcing the Prada family to reduce drastically its 95%...
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Demonstration at Tesco's Headquater
Date: 2008-08-29 00:00:00
Angry dairy farmers protested outside Tesco's Cheshunt HQ, demanding an end to a “price war” they say will hit them in the pocket. Around 50 representatives from all four corners...
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M&S slashes plastic bag giveaways
Date: 2008-08-29 00:00:00
Marks & Spencer has achieved an 80 per cent cut in the number of plastic carrier bags it is giving away. The high street retailer is launching an advertising campaign...
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Winery of the year Vylyan
Date: 2008-08-28 00:00:00
The 3 most important wine authority honored the step of Vylyan for populization the Hungarian wine and wine cultur on the domestic market and abroad. The second best winery in...
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Heineken H1 – 5.3% organic grow
Date: 2008-08-28 00:00:00
Dutch brewer Heineken NV reported a 34.8% rise in first-half net profit, buoyed by cost cutting, higher sales of premium beers and its acquisition of half of Scottish & Newcastle....
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New leader at MasterCard Hungary
Date: 2008-08-28 00:00:00
From 1 September Milan Gauder is the business director of MasterCard Europe in Hungary, Croatia and Slovenia. The specialist, who is the successor of Zdenek Houser, works since 2005 at...
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SPAR store in Mátészalka
Date: 2008-08-28 00:00:00
The new unit is SPAR's first store in the city and the 381th unit of the chain. The company has 158 SPAR supermarkets, 29 INTERSPAR hypermarkets, 20 Kaiser's supermarkets and...
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Univer protecs the schools
Date: 2008-08-28 00:00:00
The marketing action with the titel „Let's our shcool win!” primery and high school can win sport elements and money. From 1 September Univer sold products with „school point” on...
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Ambient Media – New star on the indoor-instore horizont
Date: 2008-08-28 00:00:00
Zsolt Dunavölgyi founded a new ambient media agency, it works with a strong digital signage portfolio. The company offers attendance in several HoReCa places in the Infirio Club&Restaurant chain, its...
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Wahaha Wins Trademark Ownership Lawsuit against Danone
Date: 2008-08-27 00:00:00
The “Wahaha” trademark ownership belongs to Wahaha Group, according to the final judgment of Hangzhou Intermediate People's Court, released Wahaha Group Co. Ltd. In 1996, France's Groupe Danone SA, Hong...
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POS Media Ukraine has entered into an exclusive media partnership with Metro
Date: 2008-08-27 00:00:00
As of August 2008 POS Media Ukraine has entered into an exclusive partnership with the wholesale retail chain Metro Ukraine, which represents 12% of the retail sales in the Ukraine....
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First anti-theft label created for direct contact with fresh produce
Date: 2008-08-27 00:00:00
The combination of Checkpoint’s Food-Safe EAS labels, certified for direct contact with food, and Sealed Air Cryovac Smartpak vacuum shrink bags, is also anticipated to allow retailers to reduce inventory...
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