The two German department store chains are reorganising their central services and cutting jobs in the stores, although no outlets will be closed for now. The subsidiaries in the Benelux remain safe for the time being.
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The giant merger between German department store chains Karstadt and Kaufhof has finally been approved. Authorities cite the enormous (online) competition as a guarantee that this merger will not be too big.
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The Competition and Markets Authority sees too much overlap between Sainsbury's and Asda in as much as 463 locations after the planned merger of the two chains, leaving consumers with too little choice. The decision is a threat to just shy of 500 stores.
The German department store chains Karstadt and Kaufhof have finally tied the knot. After months of negotiations, the banks have given their blessing. However, there is no question of a romantic honeymoon: 5 000 jobs will be cut.
The planned merger between department store group Galeria Kaufhof and its competitor Karstadt suddenly seems to be very far away again. Financial problems at Hudson's Bay Company, Kaufhof's owner, seem to be spoiling Karstadt’s appetite.
Canadian Hudson’s Bay and Austrian Sigma Holding have not reached a preliminary agreement about the merger of their respective department store chains Kaufhof and Karstadt: the Canadian company says it has only signed a letter of intent.
Just two days after rumours about a possible merger between British department store chains Asda and Sainsbury’s surfaced, the news broke that the deal has been finalized. The group will become the largest in the United Kingdom, replacing Tesco.
Soda manufacturer Dr Pepper Snapple and coffee maker Keurig Green Mountain will merge and become an eleven billion dollar (nine billion euro) company, named Keurig Dr Pepper.
The Ahold – Delhaize merger continues: in January, both Ahold USA and Delhaize America will merge, which will lead to more cost-cutting measures for the Belgian-Dutch merger company.
There was one store, located on the Groenplaats in Antwerp, still holding back Ahold and Delhaize’s Belgian merger, but it has now been sold to Colruyt Group, which will turn it into a Spar.
Fruit and vegetable auctioneers BelOrta and Coöperatie Hoogstraten have started merger talks today. Both companies already work together closely and therefore, not many issues should be expected.
Ahold Delhaize still has not decided what to with Albert Heijn in Belgium and will only come to a decision early 2019.
French automobile group PSA, which owns brands like Peugeot and Citroën, is in preliminary talks with General Motors to see whether it can merge its own activities with two of GM's brands, German Opel and British Vauxhall.
Italian glass manufacturer Luxottica, known for brands like Ray-Ban and Oakley, will merge with French lens manufacturer Essilor to create a company with a market value that approaches 50 billion euro.
Ahold Delhaize has unveiled its integration plan: it wants to buy back a billion euros' worth of shares next year and it intends to double its online turnover by 2020.
Two major independent European gas station corporations, EFT and Euro Garages, are set to merge and turn their attention to the retail activities surrounding the gas stations in the Benelux and France.