Tesco has bought 128 convenience stores in the Czech Republic for £34.3m, in a further demonstration of the international ambitions of Britain’s biggest grocer. The supermarket has acquired 47 Koruna shops and 81 Zabka franchised kiosks from the private equity firm Penta Investments, although the deal is subject to regulatory approval.
SWITZ: Migros to make permanent price cuts
24/12/2010 by
The extreme winter weather wreaking havoc with Europe’s airports could cost Thailand one billion baht in lost food shipments if disruptions continue for two or three weeks, say exporters. Europe is the largest destination for Thai vegetables. The country ships 15 billion baht worth of fruits and vegetables combined to the continent each year. Overall, […]
Ahold deepens loss to record CZK 1.741bn in ČR last year
24/12/2010 by
Prague, Dec 22 (CTK) – Ahold Czech Republic, which with around 280 supermarkets and hypermarkets Albert ranks among the largest retail chains in the Czech Republic, posted a record loss of Kc1.741bn last year, according to information CTK gained from the report of the company’s general meeting. Last year’s loss was caused mainly by massive […]
Belgian Inflation Accelerates In December
24/12/2010 by
(RTTNews) – Belgian inflation accelerated in December to its highest level since November 2008 after easing to three-month low in November, figures showed Thursday. Inflation rose to 3.1% in December from 2.86% in November, the National Institute of Statistics said. Prices increased for a thirteenth consecutive month. On a monthly basis, prices grew 0.39%. Rate of […]
European Court of Justice Decides in Favor of Bavaria
22/12/2010 by
LIESHOUT, The Netherlands. In the lengthy trademark conflict between Bavaria and the Bavarian Brauerbund the European Court of Justice (ECJ) in Luxembourg today decided that the in 1995 in Germany registered trademark of Bavaria has priority
Chile: Fruit exports to Europe decrease
22/12/2010 by
According to figures from ASOEX fresh fruit exports to Europe have, on average, decreased in the last 4 years although exports worldwide have actually increased. There has been a rise in exports to emerging markets such as the Middle East and Asia. Some individual fruit has nevertheless seen a marked increase in exports to Europe, […]
Tesco surges past rivals as shoppers opt for cheaper private label
21/12/2010 by
TESCO has surged ahead of other retailers in Ireland, increasing its market share as more shoppers look for value and cut down on trips to the North. Aldi and Lidl also increased market share over the last year, according to figures from consultancy firm, Kantar Worldpanel. There has also been a growth in sales of […]
NL: “Weather has great influence in the potato market
21/12/2010 by
The 2010 potato year will be talked about for many years. The cold spring, hot summer and wet autumn have had a lot of influence on production. The yield per hectare is smaller in 2010 than the long-term average, because the potatoes were planted late and have had less favourable weather. The area of consumption […]
Effect NIR-filter in greenhouses climate disappointing
21/12/2010 by
NIR-radiation from the greenhouse appears to be a good solution, when the temperature in the hothouse increases too much. To achieve this the chemical industry have developed new materials. The possibilities of those have been investigated in terms of a European project (EUPHOROS) in cooperation with BASF and the Spanish research station Cajamar. The results […]
UK: Strong Week For Waitrose Despite The Weather
21/12/2010 by
Waitrose has revealed that it saw its busiest Tuesday and Wednesday so far this year as shoppers stocked up on luxury food and drink for Christmas and storecupboard staples ahead of the big freeze that arrived later in the week. Sales for the week ended Saturday 18 December 2010 were £131m. This was up 7% […]