Published in Food on 23-01-2020
What does Daniel Kretinsky have in mind for Casino and Metro? The unruly Czech investor, with a penchant for sectors 'on their way back', has set his sights on the European hypermarket sector, but what are his intentions?
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In almost all European countries the supermarket chains' own brands again increased their market share last year. Switzerland, Spain and the UK remain at the forefront.
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As of today, JDE Peet's, the parent company of Douwe Egberts and Senseo, is listed on the stock market. The company has raised 2.25 billion euros already, making it the largest IPO of the year.
Now that a recession is looming as a result of the corona virus outbreak, discount chain Lidl wants to sharpen its price image. The retailer has decided to rearrange its international purchasing department.