Company and Personal News

Italy's Cola Dairy Products to Acquire Bulgaria's MyDay

Bulgaria's Commission for Protection of Competition (CPC) has given the green light for the Italian company to acquire a 60% stake in Bulgarian dairy products maker. The CPC decided that...

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The most lucky Toffifee fan travels to Lapland

Storck Hungary started its winning game in 2007 autumn, the lucky winner starts her trip end of January. The Toffifee Santa waited for the draws under the slogan Imagine, draw...

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Tengelmann Sells Plus Greece

Delhaize Group's bought all 33 Plus stores in Greece. Delhaize Group's retail presence in Greece is through its majority ownership of Alfa-Beta Vassilopoulos S. A.. The combination of both companies...

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Papai Hus opened its new distribution center in Budapest

The center, operating in Vagohid street deliver the products to stores and catering companies in Budapest. According to company's press realise the quality and food safety is guaranteed by strong...

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Clorox going to be greener

The consumer products giant bought Burt's Bees, the beeswax manufacturer for $913 million . Clorox plans to turn Burt's Bees into a mainstream American brand sold in big-box stores like...

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New Inditex SA subsidary

The new store chain of Zara's owner will market only clothing accessories.  Inditex SA opened its first Zara-store in 2004, in Budapest. Nowadays the store chain has several shops in...

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World's first FSC-certified Tetra Pak packages hit Sainsbury's shelves

Tetra Recart is the first Tetra Pak package with a label of certification by the Forest Stewardship Council (FSC). FSC is an international organisation which sets standards for responsible forest...

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$3 .1 million compensation because of poisened pet food

The company that made contaminated pet food that killed dozens of dogs nationwide in 2005 will pay $3.1 million in a settlement with pet owners.  The pet food, which contained...

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LLP Group goes West

Consulting and IT services firm LLP Group opened offices in Belgium and in Luxembourg.  This follows fifteen years of steady growth that started in Prague in 1992 and resulted in...

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Sales Up 14% In Year-Ending Week in the US

Retail sales jumped 14% in the last full week of December, helped by post-holiday discounts and the redemption of gift cards.  The report by ShopperTrak RCT added that retail traffic...

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P&G to move tampon manufacturing from Hungary to the US

Procter & Gamble has announced plans to relocate manufacturing work from a Budapest suburb to the United States. Procter & Gamble is moving production from a plant manufacturing tampons and...

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Good year of Törley

The sales in 2007 increased with 9%, and token the value of HUF 16 billions.  Törley champagne are popular all over the world, the product is market maker in Hungary...

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Auchan to acquire 14 hypermarkets in Russia

French retailer Auchan, currently has 15 hypermarkets in Russia, agreed to buy 14 hypermarkets from Turkish group Enka. Financial terms of the deal are unknowed.  The Russian retail market has...

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Tesco health checks in UK

The supermarket chain introduced a new medical service at price of £10, what will rising to £20 at the end of January.  A pharmacist will measure weight, blood pressure and...

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Eismann the new owner of Family Frost

Included in the deal is a Nestlé factory in Törökbálint, where Family Frost products already account for 75% of total output.   Nestlé has signed an agreement to sell its Family...

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Waitrose focus on overseas

The company licens the Waitrose brand to Dubai-based retailer Spinneys, and is in contact with potential partners in South Africa, and in the USA.  Spinneys has been selling a wide...

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ASDA's Healthy Steps at the Own Brand Food

From January over 9,000 food and drink items are free from artificial colourings and flavours, hydrogenated vegetable oil and Aspartame.  From now on where flavours or colours are used in...

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New TEAOR Numbers – more detailed

The companies have to use the new kind of numbers from 1. January.  The business which can't change the TEAOR numbers  automatically, must be notified until 30 June 2008 at...

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Heineken Acquires Syabar Brewing Company

The portfolio consists of the national mainstream beer brand Bobrov, which holds the number two position in the market and the recently introduced premium brand Syabar.   Heineken will acquire...

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CBA Online Service from the Center

Next year the logistic works from the central premise.  The online activity finish with CBA Internet Aruhaz Kft, in the future the owner CBA Kereskedelmi Kft. will carry on the...

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Danone and Wahaha Agree to End Lawsuits

Both company want to return to peace talks,” the companies said in a joint statement.   French dairy products producer Groupe Danone SA and China's Hangzhou Wahaha Group Co. said...

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Alcoa sells packaging/consumer unit

Alcoa has agreed to sell its packaging and consumer businesses to New Zealand's Rank Group Limited for $2.7 billion. Alcoa's packaging / consumer unit generated about $3.2 billion in revenue...

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Aldi, Lidl outstrips

The discounter Lidl has a study that Aldi first competitor in the number of transactions in Europe obsolete. In terms of product prices had both merchants also diverge.  In the...

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BAUHAUS Opened its Second Hungarian Store

The biggest, 20,000 sqm Hungarian „do-it- yourself” store offers 120,000 products.  The new store opened on 27. December in Szigetszentmiklos, near to Budapest, it made 111 new workplaces. With its customer-centric...

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