Company and Personal News
Gucci owner gets reins of Puma with $7.3b bid
Date: 2007-07-23 00:00:00
The luxury goods maker has said it aims to step up opening of new Puma stores in developing markets and increase the brand's presence in the United States. PPR SA,...
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Disaffected owners at Bijou Brigitte
Date: 2007-07-20 00:00:00
The Hamburg costume jewelry group, works 962 stores, increased its pre-tax earnings to EUR 165.4 million it is 6.8% growth. The rise is 3.7% less as waited – said company...
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Danone sells Danao in France
Date: 2007-07-20 00:00:00
Danone France is selling its Danao brand, a mixed milk and fruit juice, in the country to cider company Cidreries du Calvados la Fermiere (CCLF). The sale is part of...
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Asda sparks Harry Potter price war
Date: 2007-07-20 00:00:00
The supermarket had earlier put a maximum £8.87 retail price on Harry Potter And The Deathly Hallows – the same as rival chains Tesco and Sainsbury's. The supermarket was...
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Nestle, PepsiCo considered merger
Date: 2007-07-20 00:00:00
Global consumer goods heavyweights Nestle and PepsiCo were reportedly involved in talks over a possible merger earlier in the year, according to a report in the Wall Street Journal. ...
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Qatari Royal Familie will get a grip on Sainsbury
Date: 2007-07-19 00:00:00
The British supermarket group J Sainsbury said it has received a takeover approach from a Qatari investment group. "J Sainsbury plc confirms it has received a preliminary approach from Delta...
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Germany's Hertie not up for sale
Date: 2007-07-19 00:00:00
British private investment group Dawnay Day, which owns German department store chain Hertie, said on Monday that Hertie was not up for sale, denying a report in a German newspaper....
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Wal-Mart tops 2007 Fortune Global 500 list
Date: 2007-07-18 00:00:00
Huge revenues have propelled Wal-Mart Stores Inc. to the top of the 2007 Fortune Global 500 list, and pushed aside Exxon Mobil Corp. to the No. 2 spot on the...
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Johnson&Jonson is doing well
Date: 2007-07-18 00:00:00
The good second quarter's outcome dues to overseas sales Johnson & Johnson posted a 9 percent increase in second-quarter profit. The company reported net income of $3.08 billion, or $1.05...
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Cadbury fined £1m for salmonella offences
Date: 2007-07-18 00:00:00
The confectionery giant Cadbury was fined £1m yesterday over a national salmonella outbreak which gave 42 people food poisoning and put three of them in hospital. The Birmingham-based company was...
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Britvic continues Robinsons push online
Date: 2007-07-18 00:00:00
Britvic has partnered with Microsoft Digital Advertising Solutions to launch an online marketing push for its Robinsons squash brand in the UK. The drive is built around a website which...
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The best bank of the region is Raiffeisen
Date: 2007-07-17 00:00:00
Raiffeisen Zentralbank Österreich AG (RZB) and its CEE-subsidiary Raiffeisen International Bank-Holding AG received the award “Best Bank in Central and Eastern Europe” during a reception of the renowned British financial...
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Accor's deputy managing director leaves the company
Date: 2007-07-17 00:00:00
From the next year Botond Usztoke will manage his own hotel. Since 1995 worked the turistic professional at several Accor Hotels as managing director and form 2006 Januar is he...
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ADT enriched its offer
Date: 2007-07-17 00:00:00
ADT Security Services, a part of Tyco Fire & Security, recently launched a new wide-exit detection system allowing retailers with wide or multiple exits to detect anti-theft alarms and collect...
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Tesco closes 14 stores after bomb hoaxes
Date: 2007-07-16 00:00:00
A number of Tesco stores around the country were closed over the weekend after a series of bomb hoaxes. Sources at the retail giant said the scare was part of...
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Coca-Cola processes because of Smear campaign trough internet
Date: 2007-07-16 00:00:00
Coca-Cola's Argentinian division accused a competitor there Thursday of waging a two-year smear campaign against Coke's Dasani bottled water. Coke said it filed a "criminal complaint" under Argentina's Unfair Trade...
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Shoppers warned against fake Sensodyne toothpaste
Date: 2007-07-16 00:00:00
FAKE toothpaste contaminated with a chemical used in anti-freeze has been seized by trading standards officers. Dozens of 50ml packets of fake Sensodyne Original and Sensodyne Mint have been taken...
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Capacity enrichment at Matusz-Vad Ltd.
Date: 2007-07-16 00:00:00
After the HUF 70million investment, the company can bunker extra 460 pallet in its warehouse. Matusz-Vad Ltd. is one of the biggest supplier in the gastronome since 13 years, its...
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After succesfull starts in Romania and Croatia Fornetti opens a new bakery in Bulgaria
Date: 2007-07-13 00:00:00
Hungarian bakery chain, Fornetti, opened its first exhibition bakery in Bulgaria last week and added four additional stores since then. The company also plans to complete the construction of a...
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Nestle plans to raise prices, cut costs
Date: 2007-07-13 00:00:00
The group would work to cut some product lines that appear less profitable in the light of higher commodity prices, but none of the 27 blockbuster brands that generate over...
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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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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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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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