Germany-based Edeka generated sales of €61 bn in 2020, a rise of 9.5%, or €5.3 bn, on the previous year. The performance was driven by COVID-19, which saw it position itself as a responsible grocer, while it also added new stores across its major banners. Strength across banners… Edeka branded stores generated sales worth €33.1 bn, a rise of more than €4 bn on 2019’s figure, with 82 new sto...

Trade publication Lebensmittel Zeitung has reported that Edeka is to leave the AgeCore buying alliance. The step follows its establishment of the Everest alliance with Netherlands-based, pureplay retailer Picnic. Short term uncertainty likely to be resolved in 2021 Although Edeka’s departure has not been completed, as talks are on-going about the sale of its shares, if it is confirmed i...

According to reports in France-based trade publication LSA, Picnic is finalising its launch in France, which will be supported by Cora, while Gianluigi Ferrari is set to be chief executive of the buying alliance, Everest, between it and Edeka. Gianluigi Ferrari to become chief executive of Everest The buying alliance between Netherlands-based Picnic and Germany-based Edeka, which was anno...