Company and Personal News
S&P downgrades Danone's credit rating
Date: 2007-07-13 00:00:00
Standard & Poor's announced today that it has lowered its credit ratings on French company Danone, based on the projected increased debt due its proposed acquisition of Numico. The agency lowered...
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Happy 25 th anniversity for Diet coke
Date: 2007-07-12 00:00:00
World's #1 Diet Sparkling Beverage Celebrates a Quarter-Century of Refreshing the World with Great Tas. Twenty-five years ago, Diet Coke burst onto the scene and forever changed the beverage landscape....
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Cargill to acquire full ownership of Hungary's Agrograin
Date: 2007-07-12 00:00:00
Cargill, a US-based international provider of food, agricultural and risk management products and services, has begun the process of acquiring full ownership of Agrograin. The leading grain and oilseeds trading...
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Works council call on Sarkozy to protect “Source Perrier”
Date: 2007-07-12 00:00:00
The Source Perrier works council has called on French President, Nicolas Sarkozy, to intervene to prevent any move by Nestlé to transfer production of the sparkling mineral water away from...
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Budvar see sales boost in H1
Date: 2007-07-12 00:00:00
Budejovicky Budvar has sold 11% more beer in H1 than last year, according to reports. According to the Czech Brewing and Malting Association, Budvar's H1 results were nearly four times...
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Louis Delhaize to buy
Date: 2007-07-11 00:00:00
The European Commission has announced it has cleared Belgian retailer group, Louis Delhaize SA's proposed acquisition of Hungarian hypermarket retailer, Magyar Hipermarket Kft. Louis Delhaize is a privately owned company,...
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Danone to buy Numico
Date: 2007-07-11 00:00:00
French food group Danone has offered to buy Dutch baby food manufacturer Numico with a surprise bid of more than 12 billion euros. Numico is the world's second largest manufacturer...
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New directors at HPS
Date: 2007-07-11 00:00:00
After 16 years FMCG experience arrived Miklos Ostermayer at HPS Group. The new director of sales divison starts with a fresh outsourcing leader called Tamas Korody. In his new...
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InBev sells off Belgian and Dutch assets
Date: 2007-07-10 00:00:00
Brewing combine InBev has announced that it is selling certain retail estate assets in the Netherlands and Belgium to Belgian property group Cofinimmo. The brewer said it had entered...
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HUF 10 million penalty for Drogerie Markt
Date: 2007-07-10 00:00:00
Two of DM campagne could deceive customer said GVH, Hungarian Competition Authority. After Rossmann's stickler the German-owned drugstore chain Drogerie Markt have to play fine, because of its „Quality for...
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Eckes-Granini acquires Brämhults
Date: 2007-07-10 00:00:00
German-based fruit beverages company Eckes-Granini Group has acquired the Swedish premium fruit juice producer Brämhults Juice AB from from Mellby Gård Industri AB. The deal, which was completed on 1...
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Drugs outside of pharmacy, not only at gas station, but in hypermarkets too
Date: 2007-07-10 00:00:00
From July the customer can buy OTC medicines at two Tesco stores. The retail chain's two hypermarkets, in Budaörs and in the XX. District, started to sell OTC drugs....
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PepsiCo offer for Danone
Date: 2007-07-09 00:00:00
Last summer, there was constant speculation that the US company was preparing a bid for Danone, french politicians were disgusted. Pepsico Inc is mulling a takeover for Groupe Danone, French...
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Rexam to buy Russian beverage can maker
Date: 2007-07-09 00:00:00
As part of its bid to expand operations into emerging markets Rexam said it has agreed to buy a Russian beverage can maker for €218m. Rexam, the world's leading beverage...
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Finland-based Fazer Group has taken a majority stake in Russian bakery OAO Volzhky Pekar
Date: 2007-07-09 00:00:00
The company hopes the purchase will double the bakery's turnover in five years. Fazer Russia is currently making a large investment at the Volzhky Pekar's bakery in Moscow, with the aim...
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Trade marked Hungarian Poultry at Spar supermarkets
Date: 2007-07-06 00:00:00
Because of higher feeding cost, the prices of poultry and poultry products growth wit 6-8 % in autum. The Hungarian Poultry Product Board and Spar signed an agreement, that the...
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Nestle opens milk powder factory in China
Date: 2007-07-06 00:00:00
Swiss food giant Nestle said it formally opened a milk powder factory in Erguna, in China's Inner Mongolia region.The company said the plant, Nestle's 21st in China, was in an...
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Permira Group sell Takko
Date: 2007-07-05 00:00:00
German clothes retail chain Takko expands in Romania, Bulgaria and Poland. The american Advent International will pay €770 million for Takko and plans to open 150 new stores under this...
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Nestle completes takeover in France and Spain
Date: 2007-07-05 00:00:00
The world's biggest food and beverage company Nestle won conditional approval from the European Union to buy the nutrition business of pharmaceutical giant Novartis. The European Commission said the...
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Only the owner will change for Hungarian Biscuits plants
Date: 2007-07-05 00:00:00
The French food company announced that it has entered exclusive talks to sell its biscuit division to Kraft in a transaction valued at $7.2 billion. This move will allow Kraft...
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Flare at Coca-Cola HBC plant in Luka
Date: 2007-07-04 00:00:00
The upgrades at the Luka plant enable Coca-Cola HBC to produce 30,000 bottles an hour. Greek Bottler Coca-Cola HBC (CCHBC) has invested 14.8 mln eur for a new bottled...
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Reorganization at Food Express
Date: 2007-07-03 00:00:00
There is a hard competition between home delivery food services. Because of the cheap price of small companies, the biggest, Food Express has to make restrictions. A few years ago...
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No more biscuit at Danone
Date: 2007-07-03 00:00:00
The French Danone – owner of Gyõri Keksz – is thinking about a potential sale of its biscuit business to Kraft or Kellog, its US rivals. Danone's management was expected...
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20 Bauhaus unit in the next years
Date: 2007-07-02 00:00:00
Germany's do-it-yourself chain, Bauhaus, will debut in October in Dunakeszi.Bauhaus will open two further stores this year, one in Dunakeszi and another in Szigetszentmiklós, which will be followed by 18...
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Food safety fine for Lidl
Date: 2007-06-29 00:00:00
One of Lidl's polish eiscream had to be get out of the circulation and must be annuled, because the production was not safe enough, and the eiscream could be tainted....
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Reorganization by Zalabaromfi
Date: 2007-06-29 00:00:00
The new owner, the Dale consortium bought the company for more than 50% of a start prise, HUF 2,4 billion. Dale started to reorganize and rationalized the company in Zalaegerszeg....
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Burger King will be open in Bohemia
Date: 2007-06-29 00:00:00
AmRest, the listed restaurant operator – managing, among others, Burger King,Pizza Hut KFC – ask for working permit in Czech Republic. Until now the concret start of the first bohemian...
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Tesco set to launch book club with UK's biggest publisher
Date: 2007-06-28 00:00:00
Tesco, the supermarket chain with more than 1200 stores in the UK, is expanding its retail empire by launching a book club in collaboration with the UK's biggest publisher, Random...
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Spain Gives Nod to Nueva Rumasa's Acquisition of Parmalat's Clesa
Date: 2007-06-28 00:00:00
According to Spain's business media, the national competition authority has given food group Nueva Rumasa the green light to acquire Clesa, the Spanish subsidiary of Italian dairy firm Parmalat. The...
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Charles' organic carrots rejected by Sainsbury's for being 'rotten'
Date: 2007-06-28 00:00:00
SAINSBURY'S rejected royal carrots grown at the Prince of Wales's organic farm because they were “rotten”. The supermarket giant said the quality of Duchy carrots from Highgrove had "deteriorated"...
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