Another setback for Edeka's acquisition of Kaiser's Tengelmann | RetailDetail

Another setback for Edeka's acquisition of Kaiser's Tengelmann

Another setback for Edeka's acquisition of Kaiser's Tengelmann

The German Monopolies Commission has advised against Edeka's intended acquisition of Kaiser's Tengelmann. The commission was asked to examine whether the Federal Ministry of Economic Affairs and Energy could re-evaluate the decision of the German Competition Authority regarding the acquisition.

Acquisition battle has raged for more than a year

The Competition Authority blocked the take-over in April, as it felt regional supermarkets and other stores in Berlin, Oberbayern and North Rhine Westphalia would stand to considerably worsen their competitiveness. The Monopolies Commission now comes to the same conclusion.

 

In an attempt to circumvent the Bundeskartellamt's decision, both supermarket organization implored the German Federal Ministry of Economic Affairs and Energy to allow the merger anyway. In total, Edeka and Tengelmann have feuded with the authorities over this proposed acquisition for more than a year.

 

The recent advice has now added a new chapter to the soap surrounding Edeka and Kaiser's Tengelmann. Alongside Rewe, Aldi, Schwarz-Gruppe (containing Lidl and Kaufland), Edeka is one of Germany's four largest supermarket organization and it has been trying to absorb Kaiser's Tengelmann's supermarkets in three regions (Berlin, Munich, Rhine-Ruhr) for several years. The chain currently has 451 stores and 16,000 employees.

Questions or comments? Please feel free to contact the editors


Isabel Marant opens first Dutch store

24/05/2018

Fashion brand Isabel Marant opened its very first Dutch boutique in Amsterdam. It is located in the P.C. Hooftstraat, in a former McGregor store.

Zara opens new flagship store with holograms and robots

18/05/2018

Zara’s remodeled flagship store in Stratford (London) welcomes customers with holograms, robot arms and iPad-powered employees. The store wants to unite the best of both the online and offline shopping world.

Komono wants to reach 10 physical stores this year

17/05/2018

Belgian accessory label Komono wants to double its number of physical stores to ten this year. “The stores are important to tell our story”, Anton Janssens and Raf Maes told De Standaard.

Hema has to pay Levi's millions

17/05/2018

Store chain Hema needs to pay a 4.4 million euro fine to jeans brand Levi’s after the latter went to court because Hema applied its V-shaped stitching to its own collection.

Suitsupply suffers losses because of expansion

15/05/2018

Dutch Suitsupply has experienced a decent turnover growth last year, but its net result tumbled below zero because of its huge investments. Nevertheless, that is the only way forward according to its founder, whose focus is still fixed on the United States.

Starting this Friday, Belgium has its own national e-commerce event

15/05/2018

Move over, Black Friday! This week, Belgium launches its own national e-commerce event as Jack & Jones, Kiabi, La Redoute, Sarenza, Tape à l'Oeil and Veritas organise the first Belgian Friday.