Intermarché And Auchan Discussing Buying Alliance
French supermarket giants Intermarché and Auchan have revealed that they are in talks to form a purchasing alliance.
The move comes after the two retailers...
Casino Attracting Offers For Supermarket Stores
Casino confirmed today that it has received expressions of interest for its hypermarket and supermarket stores but declined to name the bidders or the...
Slower Recovery In Hypermarket Channel Hits Casino
Casino, the debt-laden French supermarket group, warned today that it faces losses for its core domestic business due to a slower-than-expected turnaround in its...
Carrefour Returning To Bulgaria
French supermarket giant Carrefour has revealed that it is expanding its partnership with Greek master franchise holder Retail & More in order to re-enter...
Ahold Delhaize Buying Leading Romanian Grocery Retailer For €1.3bn
Ahold Delhaize has agreed a €1.3bn deal to acquire leading Romanian grocery retailer Profi Rom Food SRL (Profi) from private equity firm MidEuropa.
Profi operates...
Sales Growth Slows At Carrefour
Carrefour, one of Europe’s largest grocery retailers, has reported slightly weaker quarterly sales growth due to easing food price inflation and consumers cutting back...
Heated Tobacco Uncertainty Blights Philip Morris Profit Beat
Philip Morris International (PMI) on Thursday lowered its full-year forecast for shipment volumes of its heated tobacco products, overshadowing an increase in annual profit...
LVMH Hit By Growth Slowdown Amid Fall In Demand For High-End...
Rising inflation, growing global instability and falling demand for high-end drinks have been blamed for a slowdown in growth at the luxury goods multinational...
Casino Finalises Rescue Deal
French supermarket group Casino has finalised an agreement for a capital injection led by Czech billionaire Daniel Křetínský and a debt restructuring with its...
Retailers Warn Against EU’s Proposed Payment Rules
Retailers have warned that plans by the European Commission (EC) to enforce 30-day payment terms for businesses operating in the European Union (EU) could...