Talks between the German supermarket chain Kaiser’s Tengelmann and its biggest competitors Edeka and Rewe about Edeka's intention to acquire Tengelmann led to nothing once more, which means Tengelmann's position has become far more problematic.
Remarkable news in the German hard discount industry, because for the first time ever, Aldi Nord and Aldi Süd will launch a joint image campaign in Germany. It marks the next phase in the price fighter's metamorphosis.
Textile is a growth area for food retailer Lidl and it hopes to make people notice its fashion product range with a pop-up store in Hamburg. Its private label Esmara will be on display there, a brand focused entirely on women.
In the past quarter, German Henkel - manufacturer of brands like Schwarzkopf, Persil and Pritt - sold more, although the negative impact of the exchange rates meant turnover ended up lower than last year. Luckily for Henkel, profit did increase.
The court in Düsseldorf cancelled the approval German Minister for Economic Affairs and Energy Sigmar Gabriel gave for Edeka's acquisition of Kaiser's Tengelmann. The judge feels the Minister had displayed insufficient levels of objectivity.
German household appliance manufacturer Miele is set to launch a full web shop in November, one that will also sell household appliances. Several retail partners will be enlisted to ship and install everything the customer ordered.
German textile chain KIK is on its way to Antwerp. The discounter is currently mostly active in Eastern Europe, but aims to expand a lot over the next few years, with Belgium as a potential growth area.