Hard discounters Aldi and Lidl are being challenged in Germany: a new competitor claims to be 20 % cheaper: Russian price fighter Torgservis will open its first store in Leipzig on 29 January.
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In order to counter the decline of their success on the Russian market, Belgian beer giant AB InBev has placed its activities in Russia in a joint venture with Turkish Anadolu Efes.
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Ceconomy, MediaMarkt's parent company, has sold its onerous Russian division to local electronics chain M.video. The German electronics giant does not quit Russia altogether however, as it continues as shareholder of M.video.
Russian chain Lenta employed seven robots in its Moscow-based supermarkets. The Promobots will greet the returning customers by name, show new products and help with discounts.
Brewery Heineken has put up a factory in the Russian city of Kaliningrad up for sale. The weak market forced it to halt production several months ago and things are apparently not looking up.
Textile chain C&A will fully divest from Russia. It currently collaborates with Russian Trade Group to manage its local store network, but it has pulled the plug on that deal. Mexx has also decided to shut down every Russian store.
Only a few days after Kruidvat’s parent company, AS Watson had expressed an interest in Holland & Barrett, the chain was sold to a Russian billionaire who almost doubled AS Watson's offer.
Russian president Vladimir Putin has prolonged the ban on food import from the European Union until the end of 2017, as a reaction to the prolonged economic sanctions the EU has placed on Russia after its invasion of the Ukraine.
The world's third and fourth largest brewers in the world, Heineken and Carlsberg, forecast a higher profit in 2016 thanks to increased Vietnamese and Southeast Asian demand.