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News

  • Casino posts sales growth of 4.7% for FY 2018

    French retailer The Casino Group reported full-year 2018 net sales of EUR36.6 billion - up by 4.7% on an organic basis and 3% on a same-store basis. The group posted EUR9.9 billion net sales for Q4 2018, up by 5.1% on an organic basis and 3.6% on a same-store basis. In France, Q4 sales rose by 1.4% overall to EUR4.919 billion showcasing an increase of 0.2% on an organic basis and 0.5% on a same-store basis.  Ecommerce amounted to 18% of the Group’s activity in France this quarter. 

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  • Edeka Netto expands meat offer with private label

    Edeka discount subsidiary Netto is expanding its meat assortment with a new private label brand named Stallglück. The products will carry the label of the German Animal Welfare Association 'For More Animal Welfare'. Netto introduced Stallglück in the middle of January 2019 in all of Germany's approximately 3,800 stores

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  • Sears chairman prevails in bankruptcy auction

    The embattled retailer Sears reached a roughly USD5 billion deal with chairman Eddie Lampert for a takeover bid via his ESL Investments hedge fund that would keep the company, including about 400 stores, in operation. The deal came after days of negotiations and concerns about the bid’s ability to cover Sears’ administrative expenses, including vendor payments and advisory fees

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  • Lidl Ireland commits to 100% sustainably sourced fish by 2019

    Lidl Ireland has committed to providing 100% sustainably sourced fish through its growing network of 159 stores across Ireland by the end of 2019. At present, 65% of Lidl’s farmed fish is sourced from independently certified sustainable fisheries, this will increase to 100% by the end of 2019

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  • Amazon-Samara joint bid to acquire More gets regulatory assent

    The Competition Commission of India (CCI) has approved the Amazon-Samara Capital joint bid to acquire Aditya Birla Group's supermarket chain More. However, the fair trade watchdog has done due diligence of the deal only from the point of impact on competition, and it’s for the Amazon-Samara JV Witzig to ensure that the deal is in compliance with the revised ecommerce FDI norms issued last month, two senior industry executives said.

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