Austria: Lidl appoints Michael Kunz as new CEO
Lidl Austria has named Michael Kunz as its new chief executive officer effective 1 August 2024. Kunz will succeed Alessandro Wolf in the new role, the retailer added.
Source: esmmagazine.com
Turkish food delivery giant Getir raises $250mln and restructures into two businesses
Turkish food delivery giant Getir has received $250mln in investment led by Abu Dhabi wealth fund Mubadala Investment Co. Founded in 2015, the company has raised over $1.8bln, previously raising a $768mln Series E funding round in 2022.
Source: tech.eu
Salling Group acquires portfolio of 35 stores from Coop Denmark
Salling Group has acquired a tranche of 35 stores, including 25 365discount stores, three Kvickly outlets, five SuperBrugsen stores and two projects that have not yet been realised, from Coop Denmark. The deal is awaiting competition approval, following which Salling Group intends to host a 'welcome day' for employees of the Coop stores, it said in a statement.
Source: esmmagazine.com
Danish competition authorities approve new ownership structure for Coop Danmark
Danish competition authorities have approved the new ownership agreement between Coop amba and OK for Coop Danmark. The new ownership structure will see Coop amba and energy company OK owning approximately half of the business, with the latter having a 'decisive influence' over Coop Danmark, regardless of ownership shares.
Source: esmmagazine.com
Korea: McDonald's resumes sales of french fries
McDonald's Korea, the local unit of fast-food giant McDonald's, has resumed sales of french fries, about a week after suspending sales due to concerns about "substandard" frozen potatoes, according to the company.
Source: koreatimes.co.kr
Real growth for UK grocery market welcomed but inflation still main driver, says IGD
A detailed forecast from industry convenor IGD reveals that although the UK grocery market returned to real growth in 2024, inflation is still the main driver of growth. The 'UK Retail Grocery Channel Forecasts report', which includes predictions for in-store, online and convenience grocery shopping until 2029, unpeels the layers of factors currently affecting UK grocery and offers a low, medium and high growth view of the future.
Source: talkingretail.com
WWF will help Lidl fight "the biggest crisis facing humanity today"Lidl and wildlife conservation organisation WWF have agreed to cooperate actively and strategically in 31 countries during the next five years. In doing so, they will focus on promoting sustainable practices within the discounter's value chain.
Source: retaildetail.eu
Croatia: Studenac seeks to acquire Zagreb-based retailer Decentia
Croatia's Studenac, which has risen to become the country's largest by store count through a series of acquisitions in recent years, has announced plans to acquire Decentia, a Zagreb-based retailer. Decentia was founded in 2001, and reported revenue of more than €34mln last year. The group's 36 stores cover an average of 110 square metres of retail space.
Source: esmmagazine.com
Italy: Conad exceeds turnover of €20bln in full-year 2023
Italian supermarket chain Conad has reported an 8.11% increase in turnover, to more than €20bln, in its 2023 financial year. Conad's combined market share in the hypermarket, supermarket and discount channels stood at 15.01%, according to data from Nielsen.
Source: esmmagazine.com
Spain: Carrefour negotiates to buy BM Supermarkets
Carrefour has launched a large-scale operation that promises to transform its positioning in the north of Spain. The French chain is in the process of acquiring Uvesco, the group that owns BM Supermercados and Amara, in a transaction valued between 700 and 800mln euros.
Source: bilbaohiria.com
UK: Tesco thanks Armed Forces with free breakfasts
Members of the Armed Forces will be able to get a free hot breakfast at Tesco cafes across Great Britain to mark the Armed Forces Day celebration in June. As a thank you for their service, on Sunday June 30, all serving Armed Forces personnel, around 159,000 regulars and 32,000 reservists, can present their MOD90 identification card at any Tesco café and get The Breakfast, The Veggie Breakfast, The Vegan Breakfast, Sausage Bap, Veggie Bap or the Bacon Bap for free.
Source: tescoplc.com
US: National Supermarket Association opens New England branch
The National Supermarket Association, a trade association representing over 700 independently owned supermarkets, will open headquarters in downtown Providence, Rhode Island for its newly established New England chapter. The NSA is making its investment in Providence without any economic or tax incentives from the state or city.
Source: supermarketnews.com
US: Walmart cooks up savings this July Fourth with basket of cookout essentials for eight, priced under $50
Walmart is proud to offer its Every Day Low Prices all summer long, from the big celebrations like Fourth of July to all the little moments in between. Customers can shop Walmart's one-click summer cookout basket in store or online. The basket includes, among other things: Fresh Seedless Watermelon; Fresh Sweet Corn on the Cob, 4 Count Tray.
Source: businesswire.com
GS1 US celebrates 50-Year barcode 'Scanniversary' and heralds next-generation barcode to support modern commerce
GS1 US, the neutral not-for-profit information standards organization best known as the administrator of Universal Product Code (UPC) barcodes, commemorates 50 years since the monumental debut of the first barcode scan ("Scanniversary"), marking a pivotal moment in retail history.
Source: gs1us.org
US: Generous Brands announces joint distribution deal with SAMBAZON
Generous Brands, formerly known as Bolthouse Farms, and SAMBAZON announced a partnership arrangement in which Generous Brands will manufacture, distribute and sell SAMBAZON Juice and Smoothie Beverages.
Source: globenewswire.com