Europe news & analysis

03 September 2013
According to press reports the German retailer, Metro Group, is close to agreeing the sale of its Real hypermarket stores in Turkey. Previous sale didn’t include Turkish stores In 2012, Metro sold 91 Real hypermarkets in Poland, Romania, Russia and Ukraine to Auchan, with the Turkish stores remaining unaffected. Deal with Begendik? However, local reports have suggested that Metro G...
03 September 2013
Latest monthly figures issued by the British Retail Consortium from the BRC-KPMG Retail Sales Monitor show that UK retail sales were up 3.6% in August 2013, underpinned by a 1.8% like-for-like uplift.  Performance was driven by non-food sales in particular, which saw more 'normal' trading up against weak comparatives from 2012, when the UK gave up shopping to watch the Olympics, and like-for-like ...
02 September 2013
The Hungarian government is reportedly considering banning the sale of tobacco products in large stores, according to Magyar Hirlap, the Hungarian newspaper. Ban could affect larger stores The ban, which may come into effect in January next year, could see the sale of tobacco products banned in stores larger than 2,500 square metres (26,910 square feet). This could impact on tobacco sales ...
02 September 2013
Ahold is reportedly in discussions to sell its Slovakian business, according to Slovakian website Sme.sk.  Discussions between Ahold and J&T Group Discussions are reportedly taking place between Ahold and investment organisation J&T Group, which predominantly works with clients in the Czech Republic, Slovakia and Russia. Slovakia is Ahold’s fourth largest market Slovakia is Ahold’s four...
02 September 2013
Rewe Group, one of the leading German grocery retailers, has made clear its intention to push forward in e-commerce. Former Tesco manager to drive e-commerce Alain Caparros, Rewe Group CEO, has announced that Jean-Jacques van Oosten is to join Rewe as Chief Digital Officer in December. Oosten was formerly chief information officer and non-food change director at Tesco and more recently at...
02 September 2013
Waitrose has appointed a sports marketing agency to help maximise the potential of its sponsorship of the England cricket team, which begins next year. Specialist agency appointed Waitrose has chosen marketing agency Essentially to help it make the most of its three year sponsorship of Team England Cricket which begins next May. Essentially is a division CSM Sport & Entertainment, the world's...
02 September 2013
Conviviality Retail, the owner of Bargain Booze has announced it has acquired 22 Wine Rack stores, predominantly in the Greater London area. Expansion into the South East The newly-listed AIM company, Conviviality Retail has acquired L.C.L Enterprises Limited (Wine Rack) for £1.65 million. The deal is understood to support Conviviality's strategy of increasing its focus on wine as well as...
30 August 2013
Nor gesGruppen has reported its first half results with sales of NOK 32bn, an increase of 7.6%, while profit has decreased. Sales growth of 7.6% as operating profit falls by 16.1% Despite strong sales growth, operating profit declined by 16.1% to NOK 1.2bn and pre-tax profit by 15% to NOK 1.1bn. Operating margin also fell to 3.8% from 4.8% the previous year. New discounter stores drive g...
30 August 2013
Auchan has reported group revenue up 3.4% for the first half of 2013, to €23.1bn, and an increase in EBITDA of 4.4%, to €1,151m. Mixed performance across markets Auchan highlighted the "highly unfavourable economic environment in the euro  zone" which affected its results. The retailer reported a decline in revenue in  France (-0.9%) and in western Europe excluding France (-2.9%). C...
30 August 2013
Russian pharmacy chain 36.6 has announced that it is to sell its stake pharmaceutical manufacturer Veropharm. Reducing debt to open opportunities The company said that selling its 52% stake in Veropharm for 5 billion rubles to GarndenHills will reduce debt. At the end of last year the pharmacy chain’s debt stood at 8.3 billion rubles and Veropharm’s was at 1.5 billion rubles. Proceeds from ...