Esm Magazine – EN
Delhaize acquires 325 Belgian stores to ‘re-unite family’
Delhaize has acquired Delfood and its 325 stores from the louis delhaize group. The deal finally unites two different companies that were founded by the Delhaize brothers, but that have always been rivals.
Read MoreCarrefour offloads another 39 French stores
Carrefour is offloading 39 French – often loss-making – hypermarkets and supermarkets to independent operators in a bid to cut operating costs. Unions protest to what they call is a restructuring in disguise.
Read More7-Eleven owners look to US investment fund to fend off Couche-Tard
The Japanese Ito family, which owns 7-Eleven holding Seven & I, is looking to use capital of US fund Apollo Global Management and the owner of its Japanese rival FamilyMart to prevent a potential takeover by Canadian powerhouse Couche-Tard.
Read MoreKrëfel closes four Belgian stores
Electronics chain Krëfel has announced it will close four shops in Belgium. The chain, part of the United.b group assures its employees that no jobs will be lost.
Read MoreDelfood sale causes concerns among Cora employees
The acquisition of Delfood by Delhaize has raised concerns among employees of the seven Cora hypermarkets, now one of the very few parts of the Group louis delhaize that are still left. The unions are afraid a “social disaster” could arise.
Read MoreUnilever divests German pasta sauces to Italian competitor
Unilever continues its strategic divestment by selling its German pasta sauce range under the Knorr brand to Italian food producer Casalasco.
Read More[Analysis] Delhaize’s Delfood acquisition enhances position in convenience market
Knowing that convenience stores are becoming the main battlefield in the Belgian supermarket sector, Delhaize‘s acquisition of Delfood may well be a very significant move. Undoubtedly, a few competitors feel they have missed a major opportunity.
Read MoreAre You Playing Refrigeration Roulette?
A new white paper from Eurovent is called ‘Broken trust: Energy efficiency and the refrigeration industry’.
Read MoreSpain’s Europastry Launches IPO, Valuing Company At €1.57bn
Spanish stock market regulator CNMV has approved Barcelona-based frozen bakery producer Europastry’s prospectus for its upcoming initial public offering.
Read MoreCranswick Sees Annual Profit At Upper End Of Market View
British meat producer Cranswick forecast its annual profit towards the upper end of market expectations on Friday, helped by strong volume growth of its co…
Read MoreCostco Misses Revenue Estimates On Choppy Big Ticket Spend
Costco Wholesale missed market expectations for fourth-quarter revenue on Thursday, hurt by cautious consumer spending on pricier items at its membership-o…
Read MoreCaterer Sodexo Weighs Acquisition Of US Rival Aramark
Sodexo is exploring a potential acquisition of its U.S. rival Aramark, sending the shares of the French food catering firm lower on Thursday.
Read MoreColruyt Group Acquires Stake In Food-To-Go Operator BON
Belgium’s Colruyt Group has acquired a 45.65% stake in BON, a gourmet food-to-go business operating in Brussels, Antwerp and Liège.
Read MoreFour Fifths Of Shoppers Don’t Know the Best Way To Store Pineapples
Some four-fifths of shoppers (81%) in the UK and Ireland don’t know the best way to store pineapples, new research from Fyffes has found.
Read MoreGerman Shoppers Save On Reduced-Priced Goods
Bad apples and blemished bananas are not putting off German shoppers, who consciously buy products about to expire to save money.
Read MoreSPAR Austria’s Graz Logistics Centre Expanded
After two years of construction, SPAR Austria has opened its latest expansion at its logistics centre in Graz.
Read MoreGroupe Casino Offloads Assets Worth Over €200m
Groupe Casino has announced it has finalised the sale of 26 retail assets for a net selling price of more than €200 million, excluding subsequent earn…
Read MoreAhold Delhaize USA, General Mills Join Regenerative Farming Project
Ahold Delhaize USA and General Mills have announced a new approach to address Scope 3 greenhouse gas emissions within their shared value chain.
Read MoreFlora Food Group Acquires Facility In Southwestern Kansas
Flora Food Group, formerly known as Upfield Group, has announced the purchase of a manufacturing facility in Kansas in the United States.
Read MoreCarrefour Spain Invests Over €84m in Price Reduction Initiative
Carrefour Spain is investing over €84 million this year in a series of price reductions to support its customers amidst cost-of-living concerns.
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