German antitrust authority blocks Edeka's acquisition of Kaiser's | RetailDetail

German antitrust authority blocks Edeka's acquisition of Kaiser's

German antitrust authority blocks Edeka's acquisition of Kaiser's

German supermarket chain Edeka plans to acquire hundreds of Kaiser's stores, but that may not be allowed as the German antitrust authority disagrees with the current terms.

Market share would be too large

In November 2014, Edeka announced its plans to acquire 451 Kaiser's and Tengelmann supermarkets, sparking immediate outrage amongst competitors. Rewe immediately threatened to fight the acquisition in front of the court and the German government also opposed the plans.

 

Rewe's main fear is that Edeka would get an overwhelming market share: currently the four largest chains (Edeka, Rewe, Aldi and the Schwarz Gruppe containing Kaufland and Lidl) already control about 85 % of the German market.

 

Edeka has already made several concessions: it would no longer acquire all 451 stores, but only 350 stores, although that does not suffice in the eyes of the antitrust authority. On 7 April, that authority will give its final decision, giving Edeka some time to still come up with additional concessions. If it fails to please the antitrust authority, the deal will be off.

Questions or comments? Please feel free to contact the editors


Stop overregulation blocking retailers delivering value for consumers

20/04/2018

(content provided by EuroCommerce) In an initial response to the Commission Communication: A European retail sector fit for the 21st century, published today, EuroCommerce approves of the Commission's stance against overregulation.

The Future Of Shopping wins Management Book of the Year award

20/04/2018

RetailDetail can proudly announce that “The Future of Shopping: Waar iedereen retailer is” (The Future of Shopping: where everyone is a retailer), written by Pauline Neerman and Jorg Snoeck, is 2018’s management book of the year.

100 million Prime subscribers for Amazon

19/04/2018

Ecommerce giant Amazon surpassed the 100 million Prime subscriber mark, just one of the many milestones CEO Jeff Bezos mentioned in his annual shareholder briefing.

Distributors and transport industry demand cleaner trucks

19/04/2018

35 companies, including Colruyt, Carrefour and Ikea have asked Europe to force truck manufacturers to lower their emissions 25 % by 2025. “Totally unrealistic”, the manufacturers’ spokesperson said.

JD.com to launch 1,000 stores per day

17/04/2018

JD.com has announced plans to open some 1,000 convenience stores per day across China. With this impressive target, the country’s second-largest e-commerce company is giving speed to its ambitions of expanding into the offline market.

Hans Anders surpasses 200 million euro turnover mark

12/04/2018

Dutch optician chain Hans Anders’ turnover grew 6 % last year, to 203.7 million euro, but it also announced it would divest from the French market.