Rewe buys 245 Extras from Metro
Cologne: Rewe Group has acquired 245 Extra stores from rival German retailer Metro Group. The sale would double the number of Rewe Group stores in Berlin to 100 and "instantly intensify" its presence in North Rhine-Westphalia and Lower Saxony, said the company. "At the moment, Extra is still an economic challenge," said Alain Caparros, CEO of Rewe Group. "However, we anticipate positive synergies in logistics, purchasing, and sales concepts." Metro said the sale would allow it to focus on its Real hypermarkets and wholesale business.
Ahold to sell Schuitema chain
Amsterdam: Ahold is in talks with private equity firm CVC Capital Partners to sell the retailer's 73% stake in Dutch supermarket chain Schuitema. Ahold would receive an undisclosed sum in cash as well as 50 Schuitema stores in the deal. The news surprised analysts, and Citigroup said: "We assumed Ahold would be keen, above all else, to keep Schuitema out of the hands of potential competitors."
Alfa Retailindo stake for Carrefour
Jakarta: Carrefour has acquired a 75% stake in Indonesian supermarket chain Alfa Retailindo for £36.6m. Alfa Retailindo operates 29 stores in the country and reported sales of £195m in 2006. Carrefour said the acquisition was part of its strategy to reinforce its presence in key growth markets through a locally adapted, multi-format approach. It now has 37 stores in Indonesia and reported a 14.4% sales increase in the country for the first nine months of 2007.
United Bakers goes to Kellogg's
Voronezh, Russia: Kellogg's has acquired Russian cracker, biscuit and cereal producer The United Bakers Group, which makes products under the Yantar and Lyubyatovo brands and recorded net sales of $100m in 2007. The deal includes United Bakers' six manufacturing facilities. Its 4,000 staff will transfer to Kellogg's.
Wal-Mart plans move on Russia
Bentonville, Arkansas: Wal-Mart could make its first move into Russia in the next two years, analysts have predicted. The retail giant could enter the country by snapping up a stake in a local retail chain. "We believe expansion into Russia rounds out Wal-Mart's 'BRIC' (Brazil, Russia, India and China) exposure," said UBS analyst Neil Currie. "If an opportunity for a meaningful entry vehicle arises, we believe the attractions are strong enough for Wal-Mart to act sooner if necessary."
Safeway delivery fleet goes green
Pleasanton, California: Supermarket chain Safeway has converted its US fleet of more than 1,000 delivery lorries to biodiesel. The move would help reduce CO2 emissions by 34,000 tonnes a year, the equivalent of taking 7,500 vehicles off the road each year, claimed the company. It is part of the retailer's Greenhouse Gas Reduction Initiative, which is designed to manage its carbon footprint, address climate change and reduce air pollution.
Cologne: Rewe Group has acquired 245 Extra stores from rival German retailer Metro Group. The sale would double the number of Rewe Group stores in Berlin to 100 and "instantly intensify" its presence in North Rhine-Westphalia and Lower Saxony, said the company. "At the moment, Extra is still an economic challenge," said Alain Caparros, CEO of Rewe Group. "However, we anticipate positive synergies in logistics, purchasing, and sales concepts." Metro said the sale would allow it to focus on its Real hypermarkets and wholesale business.
Ahold to sell Schuitema chain
Amsterdam: Ahold is in talks with private equity firm CVC Capital Partners to sell the retailer's 73% stake in Dutch supermarket chain Schuitema. Ahold would receive an undisclosed sum in cash as well as 50 Schuitema stores in the deal. The news surprised analysts, and Citigroup said: "We assumed Ahold would be keen, above all else, to keep Schuitema out of the hands of potential competitors."
Alfa Retailindo stake for Carrefour
Jakarta: Carrefour has acquired a 75% stake in Indonesian supermarket chain Alfa Retailindo for £36.6m. Alfa Retailindo operates 29 stores in the country and reported sales of £195m in 2006. Carrefour said the acquisition was part of its strategy to reinforce its presence in key growth markets through a locally adapted, multi-format approach. It now has 37 stores in Indonesia and reported a 14.4% sales increase in the country for the first nine months of 2007.
United Bakers goes to Kellogg's
Voronezh, Russia: Kellogg's has acquired Russian cracker, biscuit and cereal producer The United Bakers Group, which makes products under the Yantar and Lyubyatovo brands and recorded net sales of $100m in 2007. The deal includes United Bakers' six manufacturing facilities. Its 4,000 staff will transfer to Kellogg's.
Wal-Mart plans move on Russia
Bentonville, Arkansas: Wal-Mart could make its first move into Russia in the next two years, analysts have predicted. The retail giant could enter the country by snapping up a stake in a local retail chain. "We believe expansion into Russia rounds out Wal-Mart's 'BRIC' (Brazil, Russia, India and China) exposure," said UBS analyst Neil Currie. "If an opportunity for a meaningful entry vehicle arises, we believe the attractions are strong enough for Wal-Mart to act sooner if necessary."
Safeway delivery fleet goes green
Pleasanton, California: Supermarket chain Safeway has converted its US fleet of more than 1,000 delivery lorries to biodiesel. The move would help reduce CO2 emissions by 34,000 tonnes a year, the equivalent of taking 7,500 vehicles off the road each year, claimed the company. It is part of the retailer's Greenhouse Gas Reduction Initiative, which is designed to manage its carbon footprint, address climate change and reduce air pollution.
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