Company and Personal News
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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The tourism enterprises are optimictic
Date: 2007-07-11 00:00:00
The index measuring the confidence of Hungary's biggest tourism enterprises stood at 46,5 in June, up 10 points from last December- according to Ecostat's latest survey. The index of the...
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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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Holiday cheques: good to get, good to recive
Date: 2007-07-11 00:00:00
The popularity of Holiday Cheques is on the increase since HUF 18.5 billion worth of Cheques have been sold in the first six months of 2007, compared to HUF 14...
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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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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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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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Winter invasion, for the second time
Date: 2007-07-09 00:00:00
Conducted for the first time last year under the name Budapest Winter Invasion (BWI), the campaign, which attracted a unique pool of 70 participating service providers, generated 25,000 extra guest...
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First Iberalta Hotel to build in Budapest
Date: 2007-07-09 00:00:00
The company's first investment, in value HUF 75 billion, will be a hotel in 8th district of the Hungarian Capital. The Iberalta –Group International tourism & hotel advicers corporation through...
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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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Most of city restaurants diped
Date: 2007-07-06 00:00:00
In Ten of 12 restaurants the inspectors disclosed grave defects. The workmates of Consumer Protection Agency found food beyond garantee, meat without correct labels and runnig up of prices. The...
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1.1 million international and 1.3 million domestic guest
Date: 2007-07-06 00:00:00
The public accommodation establishments registered by 3 percent more tourism nights in comparison with the data of the same period of the previous year. The gross income of public accommodation...
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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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Blackstone pays $26 billion for Hilton Hotels
Date: 2007-07-05 00:00:00
The US investment firm Blackstone Group LP agreed to buy the world biggest hotel chain with nearly 2,800 hotels in 76 countries. Hilton, was founded in 1919, is one of...
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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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