News and articles
Karl Lagerfeld lobbies EU on internet sales
Date: 2009-02-13 08:15:48
Clothes designer Karl Lagerfeld met EU competition commissioner Neelie Kroes to try and persuade internal market regulators to keep current restrictions on online retailers for luxury goods. The spokesman explained...
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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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CBA and Procter & Gamble donated HUF 10 million
Date: 2009-02-12 10:06:36
In frame of the „Heart of the community” program P&G gave HUF 10-20 or 30 after every P&G products bought in CBA stores between September-November 2008. Heart of the community...
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Smaller shop play important role in retail
Date: 2009-02-12 09:56:53
The place of every day shopping are the smaller Hungarian owned stores, for big purchase mostly the hypermarkets are visited. According to GfK's Shopping Monitor and Shopping Mission 2008-2009 research,...
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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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New leader at the British Chamber of Commerce
Date: 2009-02-12 08:59:38
Csilla Csurgai (34) has been appointed executive director of the British Chamber of Commerce in Hungary (BCCH) with effect from February 1st 2009. An internal appointment, Ms Csurgai has been...
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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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Supermarkets shamed over F-word books
Date: 2009-02-12 08:22:38
Tesco and Asda were condemned for selling a string of books and CDs with the F-word in their titles. The items were available on their websites, where they were easily...
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Retail Sales grow in January
Date: 2009-02-12 08:02:28
According to a fresh survey the British retail sales rose in January for the first time since last May, but the increase was driven by food sales and heavy price...
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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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Hungaricums on the web
Date: 2009-02-11 09:35:56
Yesterday Premium Hungaricum Society introduce its new on-line store and commercial establishment for the public in frame of a conference. The aim of the society, founded in 2004, is to...
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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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Spanish food & beverage sales grow in 2008
Date: 2009-02-11 08:28:00
The sector lost 5,000 jobs in the fourth quarter, out of a total 480,000 jobs. However jobs had been created during the first three quarters of the year. Sales of...
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Hollywood helps toymakers to survive
Date: 2009-02-11 08:17:00
After a sad Christmas season world biggest toy makers forecast a better 2009, companies see several growth possibility thanks to the now comming Hollywood films as X-Men, Transformers 2, and...
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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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Trade balance showed a surplus of 33 million euros
Date: 2009-02-10 12:22:08
According to KSH, national statistic office in December 2008, exports amounted to HUF 1,163 billion (EUR 4,371 million), while the value of imports reached HUF 1,186 billion (EUR 4,447 million)....
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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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Seven CEE countries on Coface's negative rating list
Date: 2009-02-10 09:19:03
In all, 22 countries were either downgraded, placed on negative watch or had their positive watch withdrawn. For the year 2008, Coface registered an increase of 47% in its global...
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Farmers protests grip Europe as prices slump
Date: 2009-02-10 08:44:12
After peaking at the end of 2007 on the back of a global commodities boom, wholesale milk prices dropped by 50 percent on average last year, Hungarian farmers have HUF...
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