Company and Personal News
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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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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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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The renovation of Szilvasvarad Castle finished
Date: 2009-02-10 11:53:08
The former Pallavicini castel reborn as 4 stars hotel and waits its guets from February. The renovation of the n neobaroque building costs almost HUF 2 billion. The main wing...
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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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Lidl adds stores and premium products in UK
Date: 2009-02-10 08:41:08
The discount chain is extending its product range to 2,000 SKUs and now includes a new deluxe premium range. Lidl plans to add 50 stores in the UK this year,...
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Cimsec donation to Bokay Foundation
Date: 2009-02-09 09:33:19
Henkel Hungary gave HUF 1.3 million support for buying a diagnostic equipment, which could help against cradle death. The company collected more than HUF 1 million from selling CIMSEC products...
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More guests, less income
Date: 2009-02-09 09:10:00
According to Hungarian Statistical Office in 2008, in public accommodation establishments the numbers of both international and domestic guests were higher than a year earlier, however, the number of tourist...
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Burger King sales grow, profits fall in Q2
Date: 2009-02-09 09:02:14
Burger King has reported a worldwide comparable sales increase of 2.9%, including a 1.9% increase for the US and Canada for Q2 of fiscal 2009. The results were driven by...
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Kaufland expands aggressively in northern Germany
Date: 2009-02-09 08:48:56
It is rumoured, that Schwarz Group acquiring Famila hypermarkets from Bünting and Bartels-Langness in the future. According to Lebensmittel Zeitung, Schwarz Group’s Kaufland is planning 70 additional hypermarkets and a...
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Kellogg reports profit grow by 3 million US in Q4
Date: 2009-02-09 08:25:08
For the year-ending quarter, profit rose to $179m , compared to $176m last year. The company estimated that it lost 1 percentage point of market share in the US cereal...
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Sales of Bertolli help Unilever's net profit
Date: 2009-02-06 09:46:59
Unilever has reported a 51% rise in net profit to EUR1.2bn for the fourth quarter of 2008, boosted by the sale of its Bertolli brand for EUR630m. The consumer goods...
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Happy Meal serves knowledge
Date: 2009-02-06 09:29:47
From January McDonald's started an education marketing campaign for Happy Meal. After last years 'Did you know?' campaing in 2009 the fast food chain spurs on exploring the world around...
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Aranyfácán plans to expand production
Date: 2009-02-06 09:12:46
In spite of the agricultural sales problems last years, there was no scandal on tomato front. The grower and processors work together in harmony, the supply price is since many...
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Metro to expand private label range
Date: 2009-02-06 08:41:09
Metro has 24 private labels comprising around 800 products. The private labels account for around 7% of the chain’s portfolio, but the share will grow to around 10% in the...
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Carrefour France to hire 15,000 workers
Date: 2009-02-06 08:20:50
Despite a downward revision of its results and replacement of José Luis Duran by Lars Olofsson as CEO, Carrefour will maintain its workforce levels in France. Carrefour has announced plans...
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SPAR Danmark acquires 100 stores
Date: 2009-02-06 04:02:59
Danish retailer SPAR Danmark has acquired 100 stores in its purchase of Danske Köbmaend by holding company Dagrofa. The deal means that SPAR Danmark’s turnover will increase by USD 209.61million....
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Aldi accused of human rights violations
Date: 2009-02-06 03:10:35
German discount chain Aldi is reported to violate labour and human rights of Chinese staff that produce promotional goods for the company. A study by the German Südwind institute claimed...
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Wal-Mart sales increase in January
Date: 2009-02-06 02:13:58
Same-store sales excluding petrol at the country's largest retailer rose 2.1% last month, more than the 1.1% gain expected by Wall Street specialists. Like supermarkets in the UK, Wal-Mart said...
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New Heineken Experience
Date: 2009-02-05 08:00:00
The Heineken Experience museum in Amsterdam was reopened following modernisation and expansion on 9. December. New interactive units including one where visitors can design and make a Heineken bottle themselves,...
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Auchan boosting number of its hyper markets outside Budapest
Date: 2009-02-05 08:00:00
According to Katalin Gillemot, communications director of Auchan Magyarország Kft., they succeeded in meeting sales targets in 2008 and also in increasing the number of shoppers. Average basket value dropped...
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Self-regulation?
Date: 2009-02-05 08:00:00
New legislation (which is to become effective on 1. February), compelling bar and restaurant owners to prepare an inventory every night, has met intensive resistance from trade organisations. Unfair lobbying...
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Wine information – 21st century
Date: 2009-02-05 08:00:00
On line sales account for an increasing proportion of total wine sales. Wine sites are becoming increasingly popular. For example the Australian www.winerobot.com.au offers detailed information about 15000 wines and...
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New image for Mood Media
Date: 2009-02-05 08:00:00
The new image of Mood Media has been developed in compliance with the international image adopted in over 30 countries and is intended to emphasise its market leading position, reliability,...
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Revenues of around HUF 500 billion for the Coop-group
Date: 2009-02-05 08:00:00
According to László Murányi, CEO of CO-OP Hungary Zrt., their revenues totalled HUF 500 billion in 2008, which is 14 percent more then in 2007. 158 new stores were opened...
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Bocuse Academy to open
Date: 2009-02-05 08:00:00
Though it has not been confirmed yet, it is more than a rumour that the Bocuse Academy founded by Paul Bocuse, the pope of chefs is to commence operation in...
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Cooking and magnetism
Date: 2009-02-05 08:00:00
Though induction ovens are still very expensive, a gradual reduction in price is taking place. their price is slowly Zsolt Miseta, managing director of Millu Kft., a specialist in kitchen...
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