Company and Personal News
Carrefour is intended to buy Karavan
Date: 2008-07-07 00:00:00
The second largest chain of food hypermarkets is negotiating the purchase of the controlling stake of Karavan hypermarket chain in Ukraine.The owners of the chain estimated 100% of its cost...
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The Total Warning was Spare and Wrongdoer
Date: 2008-07-07 00:00:00
According to Trade Union of Meat Processor Workers the Pápai Hús Zrt. wrongs the Book of Work Law. The Trade Union ask the National Authority of Work to examine the...
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LEGO Group takes over production from Flextronics in Hungary, Mexico
Date: 2008-07-04 00:00:00
The largest toymaker in Europe, has announced that it is taking over LEGO production from contract manufacturer Flextronics in Juárez, Mexico and Nyíregyháza, Hungary. The LEGO Group and Flextronics have...
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Barilla raises pasta prices 40 pct in 18 months
Date: 2008-07-04 00:00:00
The price of pasta in Italy was up 22.4 percent in June from the year before, while the price of bread rose 13.0 percent. Prices of durum wheat used for...
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Huge fine for Dia in Greece
Date: 2008-07-04 00:00:00
According to local press reports the Competition Committee has imposed a penalty of EUR5.1 million on Carrefour-owned Dia. The discounter was forcing the franchisees to sell their products at certain...
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Wal-Mart Faces $2 Billion Labor Law Trial
Date: 2008-07-04 00:00:00
The lawsuit is one of more than 70 cases, including class actions, or group suits, in which Wal-Mart has been accused of wage-law violations. Wal-Mart Stores Inc. broke Minnesota...
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Starbucks to fire 12,000 employees
Date: 2008-07-03 00:00:00
Starbucks will close 600 stores in the United State of America, most of them opened after the start of fiscal 2006. The Seattle-based company said in a release that it...
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Nike profit up by 12%
Date: 2008-07-03 00:00:00
Revenue grew only 4% in the U.S., 19% in the European region, 39% in the Asia Pacific region and 30% in the Americas region. Nike posted better than expected net...
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Friesland to Develop New Proteins for Boosting Immune System
Date: 2008-07-03 00:00:00
Friesland Foods, Lactive and Animal Sciences Group of Wageningen UR are jointly researching new proteins that play a part in boosting the immune system. Friesland Foods Domo s expertise in...
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Anheuser-Busch Faces Shareholder Lawsuits
Date: 2008-07-03 00:00:00
Some Anheuser-Busch Cos Inc shareholders have filed lawsuits seeking to force the U.S. brewer to fairly consider the $46.3 billion takeover bid from InBev NV, according to court documents obtained...
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Auchan to Open Next Unit in Miskolc
Date: 2008-07-02 00:00:00
The new ecofriendly hypermarket will be less high as the others and has special heating and cooling technology. The next Auchan hypermarket, which opens in last quater of the...
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Aldi to Open One New Store a Week until 2013
Date: 2008-07-02 00:00:00
Aldi sets to spend £1.5 billion up on its expansion plans – building a new store every week and recruiting 1,500 employees. The German hard discount chain announced its plans...
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Kellogg Acquires Leading Biscuit Manufacturer in China
Date: 2008-07-02 00:00:00
Kellogg Company acquired Zhenghang Food Company Ltd., a manufacturer of cookies and crackers in the northeastern region of China. "Geographic expansion in high-growth markets like China will help Kellogg Company...
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Tesco Donation for Salva Vita Foundation
Date: 2008-07-02 00:00:00
Since 2003 the British retail company sponsors every year a program or organisation which help disadvantaged people to make their life better. Last year Salva Vita Foundation's „Workplace program” won...
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Lipton's New Promotion with Yellow Dressed Policemen
Date: 2008-07-02 00:00:00
The in June started action focus on the new, fresh, lemon taste of Lipton. Yellow dressed health policemen run in the city wiht a yellow Ford Crown Victoria police...
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Carrefour Slides on Reduced Profit
Date: 2008-07-01 00:00:00
Carrefour SA, Europe's biggest retailer, fell to a 3 1/2-year low in Paris trading after scaling back forecasts for operating profit and sales. Operating profit will increase at about the...
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Tchibo Owners Boost Escada Stake
Date: 2008-07-01 00:00:00
Tchibo owners Wolfgang and Michael Herz are buying a “significant minority interest'' in Escada AG, a German luxury fashion brand. The Herz brothers plan on buying shares in a...
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EU Tightens Import Norms on Indian Guar Gum
Date: 2008-07-01 00:00:00
The European Union has sought certification from an Indian government trade body and a laboratory on guar gum to eliminate toxin contamination. In July and August last year, 16 of...
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Coca-Cola Acquires Waters and Soft Drink Brands
Date: 2008-07-01 00:00:00
The American soft drink giant payed USD 225 million for Carlsberg. According to the agreement, which takes effect immediately, Coca-Cola acquires Carlsberg’s mineral water brands Kildevæld and Kurvand in Denmark...
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New foam tray for packing and into oven
Date: 2008-07-01 00:00:00
Sealed Air said that its Cryovac ovenable foam tray (OFT), suitable for either microwave or traditional oven use. A new C-PET foam tray targeted at the chilled and frozen ready...
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New Sales Director at LLP Budapest
Date: 2008-07-01 00:00:00
Attila Biber is the second specialist, in a short periode, who arrived from Microsoft Hungary. LLP Budapest's CEO, Zsolt Ambrus also worked at computer giant. Attila Biber (42) is mathematician...
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30 billion dollars a year agricultural investment needed
Date: 2008-06-30 00:00:00
The UN's Food and Agriculture Organization said 30 billion dollars (19 billion euros) will be needed every year until 2050 to stave off world hunger. Soaring food prices may reverse...
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Nutritek Profit up 17 pct
Date: 2008-06-30 00:00:00
Nutrinvestholding, the listed arm of Russian baby food maker Nutritek Group, boosted net profit by 17 percent to $26 million in the year ended March 31, 2008. Nutritek's revenue rose...
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HUF 500 million marketing budget for Arena Plaza
Date: 2008-06-30 00:00:00
After a weak start the mall is now on the top, the revenues increased by 15-20% to HUF 18 billion. According to DTZ, operator of Arena Plaza, the total marketing...
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Record sales for M3 Outlet Center
Date: 2008-06-27 08:00:00
Over 22,000 customers visited the M3 Outlet Center opened on May 17, at the first weekend. Triumph, Columbia, Puma, Gant and Replay are some of the brands represented in the...
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Eckes-Granini believing in strong local brands
Date: 2008-06-27 08:00:00
Thomas Hinderer, chairman of the board from the Eckes-Granini group visited Hungary in May. He discussed the international trends in the market of soft drinks with us in Siófok. –...
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Animated menu boards in KFC
Date: 2008-06-27 08:00:00
The Király utca KFC is the first one in Hungary to use animated menu boards. Animated menu boards are digital surfaces for displaying brand information in addition to product information....
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Stores opening
Date: 2008-06-27 08:00:00
CBA, Szombathely Open: 3 June Chain: CBA Store space: 2000 m2 SKU: 16 000 Aldi, Gárdony Open: 12 June Chain: Aldi Store space: 1000–1100 m2 SKU: 1085 Aldi, Törökbálint Open:...
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Lekkerland continuing it strategy
Date: 2008-06-27 08:00:00
2007 was an exceptionally important year for Lekkerland. Many new agreements have been signed, including one with the leading petrol station chain. Lekkerland revenues doubled in 2007, compared to the...
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