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Italy Eyes Deal With Supermarkets To Control Prices Of Essential Goods

Italy's government is trying to broker a deal with supermarkets and producers to control prices of essential consumer goods in a measure that would...

Casino Averts Bankruptcy After Agreeing Debt Deal

It was announced today that struggling French supermarket group Casino has agreed a long-awaited debt restructuring deal with creditors to avert bankruptcy. The agreement, led...

Strong Quarter For Coca-Cola; Flags Some Further Price Rises

Coca-Cola raised its full-year forecasts yesterday after posting robust second-quarter results that were driven by further price increases and resilient consumer demand. Over the three...

Food Producers Not Cooperating On Price Cuts, Says Carrefour CEO

Carrefour, Europe’s biggest food retailer, criticised suppliers as not cooperating in price renegotiations on Wednesday, even as the company said it sees inflationary prices...

France’s Casino Swings To First-Half Loss As Debt Deal Awaited

Cash-strapped grocery retailer Casino suffered a first-half loss after falling sales and price cuts at its biggest stores dented its core French business, while...

Danone Delivers Better-Than-Expected Growth

Danone has become the latest consumer goods manufacturer to report a better-than-expected rise in sales as firms continue to benefit from increased prices to...

Remy Cointreau Confident On H2 Rebound After Weak Start To Year

French spirits group Remy Cointreau has reported a fall in first-quarter organic sales, reflecting weaker US demand, high year-ago comparables and destocking, and said...

Lidl Eyeing Takeover Of 600 Stores In France

Lidl is reportedly interested in acquiring 600 stores in France that currently operate under the Casino and Monoprix banners. Local newspaper Le Monde revealed that...

Kretinsky Set To Win Race For Casino After Rivals Pull Out

Czech billionaire Daniel Kretinsky looks poised to win the battle for control of heavily-indebted French supermarket retailer Casino after rival bidders dropped out of...

Russia Seizes Control Of Danone And Carlsberg Operations

Russia has taken control of the Russian subsidiaries of yoghurt maker Danone and beer company Carlsberg. Read the full article on the BBC website

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