Czech authority will decide on Ahold's Spar purchase | RetailDetail

Czech authority will decide on Ahold's Spar purchase

Czech authority will decide on Ahold's Spar purchase

The local Czech competition authority will decide whether Ahold's purchase of Spar's Czech activities can go ahead. The European Commission believes it is the most suited to assess the effects on the local market.

Market leader through purchase

The Dutch company had announced in March that it wishes to purchase Spar's 50 Czech stores, to add to its 284 Czech stores which operate under the Albert brand. The purchase would help increase its current 1.45 billion euro in yearly turnover to 3.3 billion euro and that means Ahold would become the market leader in this area.

 

Ahold has called it a "strategic" purchase, which underlines its intentions to remain active in the Central European market, despite selling off its Slovakian Albert and Hypernova formulas.

Questions or comments? Please feel free to contact the editors


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.

H&M is turning to algorithms to boost sales again

14/05/2018

In an effort to reverse the decline in its worldwide sales, H&M is using technology that will help the world’s largest clothing brand stock its stores more efficiently, sell more effectively and adapt more quickly to current consumer trends.

Zalando's profit wiped away in first quarter

08/05/2018

German online retailer Zalando saw its first quarter profit completely wiped away: last year's 5.1 million euro net profit turned into a 15 million euro loss. Turnover grew 22 %, investments being the cause for both.

Strong online growth for Hugo Boss

03/05/2018

German fashion brand Hugo Boss managed growth in every region in the first quarter. Group turnover grew 5 % to 650 million euro, partially thanks to strong web shop sales.

France will impose recycling for unsold clothing in 2019

02/05/2018

The French government plans to impose a ban on the disposal or destruction of unsold clothing by fashion companies. The measure extends the rules already in place for food waste to the spillage of clothing.