Company and Personal News
Metro to abandon UK?
Date: 2009-02-13 08:07:07
Metro Group-owned Makro is planning to cut 378 jobs by closing three cash and carry stores in the UK. The closures were due to "difficult trading times and a need...
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Coca-Cola To Invest $1.2bn in Russia
Date: 2009-02-13 07:54:26
The company want to increase the range of products and sell coca-cola, energy drinks and kvas to a network comprising small kiosks and hypermarkets. In Short Term Coca-Cola has announced...
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Private label share may reach 25% in food at Real
Date: 2009-02-13 07:43:38
Real overhauled its retailer brands last year, eliminating a number of smaller ones and introducing 850 items under the Real Quality brand. Real aims to increase private label’s market share...
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Pioneer Out of Flat-Screen Tvs
Date: 2009-02-13 07:24:38
Pioneer will exit the flat-panel TV business by March 2010, transforming itself into primarily a car audio company. Pioneer forecast a record annual loss of $1.44 billion, and said it...
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Praktiker offers comfortable shopping for blinds
Date: 2009-02-12 09:44:42
The DIY chain help blind people with personal escort in its 19 stores. The DIY chain helps the Association of Hungarian Blinds since last year, then it gave colours and...
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Bacardi-Martini Hungary chooses PR Agency
Date: 2009-02-12 09:28:38
Próbakő Kommunikáció won the drink retailer's tender for 2009. This year Próbakő is the strategic adviser for the firm and the company's main brands. Próbakő is a member of Carbon...
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Nature-identical fragrances from BASF laboratory
Date: 2009-02-12 09:16:43
Synthetic citral provides the fragrance of citrus. Also other fragrances can be created, such as linalool which smells of lavender and geraniol responsible for the typical smell of roses. BASF...
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Tesco exits personal loans market
Date: 2009-02-12 08:54:54
The move is an indication of how more loan defaults, caused by the difficult economic conditions, are affecting loan providers. Tesco currently has 3,600 personal loans on its books with...
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Double digits grow at MasterCard Europe
Date: 2009-02-11 09:42:00
For the full-year 2008, the European region reported double-digit growth in company gross euro volume with 15.5 %, purchase volume with 15.7 %, purchase transactions with 13.2 % and cash...
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Metro to launch delivery service in Germany
Date: 2009-02-11 09:00:00
The company will further adjust its wholesale activities to the changed requirements of its professional clients. Metro Cash & Carry has invested between more million euros in the infrastructure of...
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Danone sees growth slowing in 2009
Date: 2009-02-11 08:50:00
The French company said net profit fell last year to €1.31 billion from €4.18 billion in 2007, when Danone earned €3.1 billion on the sale of its LU, Petit Dejeuner...
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Kraft Freezes Top Executives' Salaries
Date: 2009-02-11 08:40:00
The food industry giant will freeze the salaries of Chief Executive Irene Rosenfeld and 18 other top managers in 2009, though remaining employees will receive raises. The decision to freeze...
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Unilever products disappear from Delhaize Group's stores
Date: 2009-02-11 08:30:00
Delhaize Group has halted orders for 300 Unilever products from its stores in Belgium after annual price negotiations ended in deadlock. According to Unilever, Delhaize had already stopped orders for...
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Zwack repeats its 2007 accomplishment
Date: 2009-02-10 12:40:11
Company's first 9 months sales was HUF 26 billion, without excise duty it was HUF 17.4 billion. The growth was drived by own produced drinks. Zwack starts its business year...
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Gebrüder Weiss to develope in Dunaharaszti
Date: 2009-02-10 12:15:09
Austria's largest transport and logistics service provider has expanded capacities and started up a new regional logistics distribution centre in Dunaharaszti. The company informed the MTI (Hungarian News Agency), that...
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Procter & Gamble Puts Mr. Clean To Work Washing Cars
Date: 2009-02-10 10:08:02
Procter & Gamble Co. is expanding its Mr. Clean carwash concept nationwide, acquiring a carwash company and setting up a franchising subsidiary as the vehicles for its growth. P&G has...
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Tesco to open new department store in Czech Republic
Date: 2009-02-10 09:53:43
According to Retail Week the new store to open at the end of February in Liberec, will carry a mix of fashion, home furnishings and food. The department store will...
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CSR by price cut
Date: 2009-02-10 09:44:35
The retailer Mercator is adjusting its price policy, permanently lowering the prices of 2,800 products. The reductions cover products purchased by households for everyday use. The company has said that...
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Lidl adds stores and premium products in UK
Date: 2009-02-10 08:41:08
The discount chain is extending its product range to 2,000 SKUs and now includes a new deluxe premium range. Lidl plans to add 50 stores in the UK this year,...
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Cimsec donation to Bokay Foundation
Date: 2009-02-09 09:33:19
Henkel Hungary gave HUF 1.3 million support for buying a diagnostic equipment, which could help against cradle death. The company collected more than HUF 1 million from selling CIMSEC products...
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Kaufland expands aggressively in northern Germany
Date: 2009-02-09 08:48:56
It is rumoured, that Schwarz Group acquiring Famila hypermarkets from Bünting and Bartels-Langness in the future. According to Lebensmittel Zeitung, Schwarz Group’s Kaufland is planning 70 additional hypermarkets and a...
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Kellogg reports profit grow by 3 million US in Q4
Date: 2009-02-09 08:25:08
For the year-ending quarter, profit rose to $179m , compared to $176m last year. The company estimated that it lost 1 percentage point of market share in the US cereal...
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Sales of Bertolli help Unilever's net profit
Date: 2009-02-06 09:46:59
Unilever has reported a 51% rise in net profit to EUR1.2bn for the fourth quarter of 2008, boosted by the sale of its Bertolli brand for EUR630m. The consumer goods...
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Happy Meal serves knowledge
Date: 2009-02-06 09:29:47
From January McDonald's started an education marketing campaign for Happy Meal. After last years 'Did you know?' campaing in 2009 the fast food chain spurs on exploring the world around...
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Aranyfácán plans to expand production
Date: 2009-02-06 09:12:46
In spite of the agricultural sales problems last years, there was no scandal on tomato front. The grower and processors work together in harmony, the supply price is since many...
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Metro to expand private label range
Date: 2009-02-06 08:41:09
Metro has 24 private labels comprising around 800 products. The private labels account for around 7% of the chain’s portfolio, but the share will grow to around 10% in the...
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Carrefour France to hire 15,000 workers
Date: 2009-02-06 08:20:50
Despite a downward revision of its results and replacement of José Luis Duran by Lars Olofsson as CEO, Carrefour will maintain its workforce levels in France. Carrefour has announced plans...
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SPAR Danmark acquires 100 stores
Date: 2009-02-06 04:02:59
Danish retailer SPAR Danmark has acquired 100 stores in its purchase of Danske Köbmaend by holding company Dagrofa. The deal means that SPAR Danmark’s turnover will increase by USD 209.61million....
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Aldi accused of human rights violations
Date: 2009-02-06 03:10:35
German discount chain Aldi is reported to violate labour and human rights of Chinese staff that produce promotional goods for the company. A study by the German Südwind institute claimed...
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Wal-Mart sales increase in January
Date: 2009-02-06 02:13:58
Same-store sales excluding petrol at the country's largest retailer rose 2.1% last month, more than the 1.1% gain expected by Wall Street specialists. Like supermarkets in the UK, Wal-Mart said...
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