French electronics chain Boulanger has acquired its Belgian rival Krëfel, including Hifi International from Luxembourg. The new group aims for market leadership in all three of the countries.
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Luxembourg saw the opening of shopping centre Cloche d’Or, featuring 130 stores including an Arket (an H&M subsidiary) and the Auchan 'hypermarket of the future'.
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French department store chain Galeries Lafayette will open its first Benelux store by the end of next year, when it opens a six-floor location in the Grand Duchy of Luxembourg’s capital.
Nestlé announced that Michel Mersch will become Nestlé Belgilux’ new CEO. He will succeed Alexander von Maillot, who will transfer back to the Swiss main office.
The European Commission had some bad news for American Amazon: it needs to pay an additional 250 million euro in taxes because the Commission feels it enjoyed illegal state aid from Luxembourg for many years.
Shopping center Borders has just opened its doors, right near Schengen. The largest Delhaize store in the Grand Duchy of Luxembourg is its major attraction and should house about two dozen retailers in the near future.
American fast food chain McDonald's may also be served a huge fine for its tax evasion scheme in Luxembourg: rumours say the chain may be forced to pay up to half a billion euro.
Work is ongoing at Schengen in Luxembourg, to create a new shopping center which should open its doors in the summer of 2017. The main attraction will be a 3,500 sqm flagship store for Delhaize.
Lidl has shed light on its expansion strategy for Luxembourg as it seeks to open another 12 stores in the Grand Duchy of Luxembourg.