Retail - Featured Post

Shareholder Vote Clears Way For Takeover Bid For Spain's DIA

Shareholders in Spain's DIA backed a rescue plan for the faltering supermarket chain on Wednesday, in a vote that clears the way for Russian tycoon Mi...

Dutch Retailer Plus Sees Turnover Rise, Profits Decrease

Dutch retailer Plus has posted a 3.8% increase in turnover in full-year 2019, to €2.478 billion. However, net profit at the group fell by 21.4%, to...

Metro Kicks Off China Unit Sale, Likely To Fetch €1.76bn Valuation: Sources

Wholesaler Metro AG has kicked off the sale of its China operations by calling for bids, in a deal that would value the business at as much as $2 billion (...

Mega Image Set To Acquire Zanfir In Romania

Mega Image, part of the Ahold Delhaize retail group, has announced its acquisition of Zanfir, a supermarket chain in the Vrancea region of eastern Romania....

Russia's Magnit Sees Revenue Up 8.2%, Driven By Expansion

Russian retailer Magnit has posted a 8.2% increase in revenue to RUB 1,237 billion (€16.7 billion) in full-year 2018, with the operator increasing its...

Casino To Pursue Asset Sales To Help Cut Debt

French retailer Casino, battling investor concerns over its high debt, has vowed sell off more assets under a three-year strategy plan. Investors initia...

Mercadona To Open 150 Supermarkets In Portugal

Spanish supermarket chain Mercadona plans to open at least 150 stores in Portugal. The target was revealed by the company’s president, Juan Roig A...

Groupe Casino Posts French Trading Profit Above Expectations

French retailer Groupe Casino has posted a trading profit increase of 15.7% in its home market in full-year 2018, to €579 million, ahead of its initia...