German hypermarket chain Kaufland, which, like Lidl, is part of the Schwarz Gruppe, is stowing away its plans to enter the Australian market. The retailer wants to concentrate on its European core markets.
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The ongoing efforts of the consortium surrounding real estate investor X+Bricks to win over Metro's Real chain appear to be bearing fruit. The German wholesaler has confirmed that it has started exclusive negotiations with the consortium, to be completed by the end of January.
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German retailer Kaufland will re-introduce Unilever's products after a year-long absence. Almost a year ago, the supermarket chain ended its relationship with the FMCG group following a disagreement over prices.
The German Schwarz Group has achieved a 100 billion euro turnover, for the very first time. Unsurprisingly, Lidl makes up 80 % of that result, as American turnover continues to grow. Kaufland however performs less well.
The German Schwarz group, parent company of Lidl and Kaufland, has shown an interest in about 100 Real stores, currently belonging to the Metro Group. There are at least five other interested parties, including fellow food retailer Edeka.
An ongoing dispute about prices has come to an end as German hypermarket chain Kaufland decided to terminate all dealings with British-Dutch manufacturer Unilever. Brands like Knorr, Lipton, Axe, Dove and Magnum will no longer be available in their stores.
Mitiska REIM has acquired Romanian Alpha Property Development’s portfolio of eleven profitable retail parks and three development projects. The Belgian real estate firm is now the market leader in Romania.
German Schwarz Group is performing a feasibility study on Australia: not for its flagship chain Lidl, but to see whether it could possibly enter the local market with its discounter Kaufland.
Schwarz Group invested five billion euro in 2015, which is a record for the company owning discounter Lidl and Kaufland. The majority of the funds went towards new store openings and an update for the current store network.