Company and Personal News

Starbucks Plans 100 More UK, Ireland Outlets

Howard Schultz, the group's founder and chairman belives that in the U.K. coffee shop market far more growth to come. Starbucks Corp. is planning its expansion overseas,  its biggest program...

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Maspex increase at Romanian pasta market

Tymbark Maspex Romania buys majority stake in Romanian pasta manufacturer Arnos Romanian food and beverage group.  Tymbark Maspex, part of the Polish Maspex Group, has announced its acquisition of 80%...

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San Francisco bans plastic grocery bags

Starting Tuesday traditional plastic bags are banned from supermarket checkout lines in San Francisco. The ban is being implemented under a city ordinance passed this year. City officials estimated 180...

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Matra Cukor Shuts Hungary Sugar Unit

German-based Nordzucker AG's parent company said it will relinquish one-third of the sugar production quota in Hungary. This move is in response to the European Union's drastic sugar reform, which...

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Marché International's restaurant along the S1 at Vienna's Schwechat Airport

The subsidiary of the Mövenpick Group, which open 6 restaurant at MOL gasstation in the next year, celebrates the grand opening of Austria's largest highway rest stop. Marché Schwechat will...

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Tradition and modernity – Lounge Editon 2007 arrived

In Hungary only 60 bottle of newest Grand Marnier are available in retail. Lounge bars are the theme of this year 's limited edition, which is the fifth in the...

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Agrana to concentrate refining activities at the Kaposvár facility

The second Magyar Cukor refinery at Petöhaza will be closed.   In the course of the latest reform of the EU sugar market regime, talks are currently taking place in...

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SABMiller to pay the holland Grolsch for Euro 816 million

SABMiller sees significant potential across Africa and Latin America, where the premium segment is still in its infancy, and in the more developed markets of Central and Eastern Europe.  ...

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5% revenue increase at Lego

In Germany the company has 12% market share. Despite forecasts that sales would fall in 2007, the LEGO Group sold 5% more during the first half of the year than...

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Fornetti to Expand Output

With a view to cater for growing demand from Bulgaria and Romania, the company plans to expand the capacity of its plant by 250-300 tons per month. To reach its...

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Hershey to Close one of its American Plant

A Naugatuck factory where candy bars such as Mounds and Almond Joy have been made for 85 years, is shutting down for good. The shift is part of an overall...

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Reorganizations at Kraft Foods

Kraft FoodS Inc. said it will close its Cobourg, Ont., manufacturing facility by October 2008.  The Northfield, Ill., food company has 380 employees at the Cobourg plant, which makes cereal,...

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Plus and Netto Marken-Discount to Form Joint Venture

The Tengelmann Group will in future be cooperating closely with the Hamburg-headquartered EDEKA Group.  The new company in which EDEKA has a 70 percent stake and Tengelmann 30 percent will...

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Bank of the year 2007- CIB Bank is on the top

Mastercard Bank of the year 2007 competition's second place is MKB's, the third is for OTP. The most sympathetic bank for the public was Raiffeisen Bank. Most of the biggest...

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Hungary's biggest shopping centre opens

After two weeks and 3 hour lag yesterday Arena Plaza opened its gates. People run to buy cheap flat tvs and other discount price products. The 180,000-square-metre Arena Plaza will...

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Profits boost for Sainsbury's

First-half profit climbed 27 percent on increased organic food sales. The supermarket giant has a 4.7 per cent increase in turnover to £10bn. Pre-tax profits came in at £240m for...

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Joint venture between Sealed Air and Teknick Packaging Group in Turkey

The newly established joint venture aims to be one of the largest food packaging company in the region.   Teknik Packaging Group, one of the leading packaging groups in Turkey,...

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European Comission defended the Balaton snack

Kraft Foods is set to take an even larger share of the EU snack market after receiving conditional approval by the European Commission to purchase the biscuit, cereals and snack...

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First Törley dancegala

Wide collection of dance art, from Latin dances to Hungarian folkdance were to see on the jubileum dance gala.  The event stagey with due decorum, elegancy and movement was patroned...

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Russian Unimilk to expand

According to Russian media reports the dairy producer Unimilk has acquired CJSC Tikhoretsky canned baby meat plant. The company completed the buy-out of the Krasnodar-based operation last week, which was...

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In the face of hard time InBev closed a successful third quarter

Beer volumes increased 3.6% organically in 3Q07 year-on-year (yoy), with volume growth in all Zones except Western Europe. Year to date, overall beer volumes were 4.8% higher. Reveneu grew by...

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Growing sales and profits at Atria

The Finland-based food groups operating profit soar almost 52% to EUR19.3m, outpacing sales growth of 14.6% during the third quarter of the year, turnover reached EUR312.8m.  Sales and profits rose...

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Tata Tea, Coca Cola co-operation in India

The two companies are planning to enter the bottled water and iced tea markets in India, the report said.  India's Tata Tea and Coca-Cola India, the local unit of the...

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Ferrero Plant in India

At first confenctionery giant will Ferrero will start by manufacturing mouth fresheners, such as its “Tic Tac” range.  Ferrero plans to establish a new production facility near Indapur in Maharashtra,...

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New HR director at BAT Hungary

After long time again a hungarian director leads to HR activity at market maker tobacco firm. Zsuzsanna Toth, the new HR director of BAT Hungary graduated at Budapest Business School...

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Spar opened its 200. store in Hungary

The new hypermarket in Hodmezovasarhely is 4092 sqm great, and sell 30,000 goods. The dynamic growth SPAR- chain is a decisive member of the retail market. Yearly 100 million consumer...

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