Croatia

Croatia's Fortenova Sees Revenue, Profits Decline In Full-Year 2020

Croatian food producer and retailer Fortenova Grupa, formerly known as Agrokor, has reported lower revenue and operating profit last year, citing the impac...

Drinks Group Kofola Achieves 'Better Than Expected' Results In 2020

Czech beverage producer Kofola Group ended 2020 with better than expected results, despite significant market limitations caused by COVID-19. Annual rev...

Fortenova Group Commences Transfer Of Shares From Mercator

Croatia's Fortenova Group has commenced the process of transferring the shares of Poslovni sistem Mercator to Fortenova Group. The shares held by Sberba...

Fortenova Group Divests Frozen Food Business To Nomad Foods

Fortenova Group has sold its Frozen Food Business Group (FFBG) to Nomad Foods for €615 million. FFBG consists of the business units Ledo Plus (Croa...

Lidl Continues Expansion, Enters North Macedonia

Following its entry into Slovenia, Croatia and Serbia, German discounter Lidl has unveiled its first store in North Macedonia. The company registered it...

Fortenova Group Takes Over Osijek Dairy Plant

Fortenova Group has taken over a dairy production plant in Osijek, Croatia, formerly operated by Meggle Croatia. The deal, which was completed on 1 Janu...

DS Smith Switches To Green Energy In Croatia

Packaging firm DS Smith has announced that all its production sites in Croatia switched to green electricity as of 1 October 2020. Apart from...

Croatia’s Studenac Grows Through Acquisitions

Croatian supermarket chain Studenac has rebranded the first 15 stores it took over as part of its acquisition of grocery retailer Sonik Market in December...