Veritas' turnover and profit increase

Veritas' turnover and profit increase

Despite a large fire, Veritas still managed to achieve a 4.56 % turnover growth in its past fiscal year (2013-2014).

93 million euro turnover


The combined turnover for Veritas (the stores) and Veriac (the purchase and logistics branch) reached 93 million euro, a 4.56 % increase despite the crisis and a company fire. 


It is considerably lower than the average turnover growth from 2008 to 2013, when Veritas managed 14.1 %. Nevertheless, the company looks to the future and that future seems to be abroad.

Questions or comments? Please feel free to contact the editors

Small Belgian brewery conquers Brazil thanks to playing cards


Het Nest, a small brewery from Turnhout, will get its beers brewed in Brazil as well. It has struck a deal with Cervejaria Premium Paulista, which will brew and distribute the beers locally.

Price cuts drive 25 % more customers to Whole Foods


Supermarket chain Whole Foods welcomed an additional 25 % of customers in the first few days following Amazon’s price cuts.

Ter Beke enters British food service industry


Belgian food group Ter Beke has acquired a 90 % stake in British competitor KK Fine Foods for an undisclosed fee. The current shareholders hold onto the other 10 %.

Godiva wants to conquer the world through supermarkets


Belgian praline brand Godiva will soon sell its chocolate in supermarkets all over the world after signing a deal with chains like Albert Heijn and Sainsbury’s. Previously, it sold nearly all its chocolate through its own store network.

Insight: Xavier Piesvaux' seven labours at Delhaize


Can one French and several Dutch managers do what the Belgian management failed to do these past few years at Delhaize Belgium? Its new CEO will face plenty of challenges: we count at least seven.

Nestlé USA acquires food manufacturer Sweet Earth


Nestlé USA has acquired American Sweet Earth for an undisclosed fee. The company mainly manufactures meat replacements, a rapidly-growing market, but also several frozen meals.

Back to top