German retail group Metro is calling on its shareholders not to accept the EP Global Commerce takeover bid because it would be too low. The food service company has just published sound quarterly results.
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In Germany, Lidl is attacking its closest competitors in a remarkable advertising campaign. But Netto and Edeka, among others, have their answers ready…
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French supermarket group E. Leclerc is fined for 117 million euros because the company forces suppliers to lower their prices through its Belgian purchasing centre. French law prohibits this sort of pressure.
AB InBev is launching its American flagship beer Bud(weiser) in the Netherlands, in an attempt to hurt its rival Heineken. At first the beer will only be offered in pubs, retailers are to follow by the end of the year.
Asahi from Japan has bought Australian brewery group Carlton & United Breweries for ten billion euros. Seller AB InBev, the largest brewery group in the world, wants to lower its debt rate with this deal, after the disappointment of a failed IPO.
Haniel has accepted EP Global Commerce's takeover bid on its remaining Metro shares. The question is now what the other shareholders will do.
Dutch supermarket chain Jumbo has achieved a 16.5 % turnover growth this semester, increasing its market share to 21.6 %. Expansion towards Belgium is next on the agenda.
Belgian supermarket chain Delhaize is changing the composition of its Board of Directors as Françoise Burlet leaves the company. The EVP Commerce is responsible for buying, marketing, quality and store concepts: those will be divided among two other directors.
Belgian beer giant AB InBev has decided to cancel the IPO of its Asian branch: demand for the stock was expected to disappoint due to its launch price, which American investors thought was too high. The supposedly biggest FMCG flotation of all time therefore is no more.
Frozen potato brand Lutosa is changing its name to Belviva, with which it wants to emphasise its Belgian identity... and avoid legal problems.
Valérie Chapoulaud-Floquet, the CEO of French liquor group Rémy Cointreau, will be leaving her position at the end of the year, as the group announced "with sadness".
PepsiCo has outperformed expectations with a 2.2 % organic turnover growth. Especially a growing sparkling water department pushed the FMCG producer forward on its way to achieving its own predictions.
The two branches of Aldi, Nord and Süd, are going to unify their private labels. By 2020, customers of both chains will only be able to buy the same brands, spelling the end of brands like Topstar and Milsani.
Illycaffè is looking to expand by opening more of its own coffee bars. To that end, the Italian coffee manufacturer is looking for a partner with retail experience. This could spell good news for Nestlé or Douwe Egberts, both of which have had their eye on their Italian competitor for some time.
Lidl and Leclerc keep growing their market share in the hyper-competitive French food market, which has barely seen any growth as a whole. Most of their success comes at the cost of Carrefour, Casino and Auchan, which are all in a state of decline.
Walmart is setting aside 8 billion yuan (1 billion euros) in the coming decade to improve the logistics of the retailer in China. The American colossus has made its ambitions in the Middle Kingdom quite clear.