RUSSIA: The Rewe Group has acquired 13 Moscow supermarkets from Russian grocery chain Njam Njam for an undisclosed sum. The stores have been taken on by Rewe Group's Austrian subsidiary Eurobilla, which oversees the group's supermarket business in central and eastern Europe. The acquisition takes Rewe Group's Russian store count to 59. "We are continuing to expand our position in Moscow and are generating new momentum for our future organic growth," said Lionel Souque, who oversees international business at Rewe Group Austria. "At the same time, we are underscoring the major role that Russia plays in our internationalisation strategy."
USA: Whole Foods Market has donated nearly $1m worth of food to charity Feeding America, which operates more than 200 food banks across the US providing meals to people who can't afford to feed themselves and their families. "By donating to Feeding America we have been able to support our local communities through area food banks as well as reach out to those affected by recent natural disasters like Hurricanes Gustav, Ike and Katrina," said Perry Abbenante, Whole Foods Market global grocery coordinator.
BRAZIL: Nestlé has moved to strengthen its market share in bottled water in Brazil by buying a mineral spring in Sao Paulo. The Santa Bárbara Mineral Springs would "increase the company's market share significantly", said Nestlé. Sao Paulo represents 57% of the Brazilian bottled water market and Nestlé is ploughing in an estimated R$100m (£27.7m) into purchasing the spring, expanding operations and improving production and packaging lines. The investment confirmed Brazil as one of its priority markets, Nestlé said.
AUSTRALIA: Supermarket chain Woolworths said it would continue to expand and was well-placed to thrive in the global economic downturn. The business, which is not associated with the British Woolworth's chain, was recession-proof, chief executive Michael Luscombe told Australian reporters. "W e're going to continue to invest in store refurbishments, new stores and creating jobs. Our existing businesses are running very strongly, and we intend to do everything possible to hang on to every single job that we've got, plus create several thousand new ones," he said.
USA: The directors of Supervalu have voted to declassify the company's board, which will now be put up for election annually. Shareholders will elect the board at the annual meeting, but directors whose terms expire in 2010 or 2011 will continue to hold their positions until then. After that, all directors on the board will be subject to re-election each year. "The board and management are committed to the highest standards of corporate governance at Supervalu," said Jeff Noddle, chairman and chief executive.
USA: Whole Foods Market has donated nearly $1m worth of food to charity Feeding America, which operates more than 200 food banks across the US providing meals to people who can't afford to feed themselves and their families. "By donating to Feeding America we have been able to support our local communities through area food banks as well as reach out to those affected by recent natural disasters like Hurricanes Gustav, Ike and Katrina," said Perry Abbenante, Whole Foods Market global grocery coordinator.
BRAZIL: Nestlé has moved to strengthen its market share in bottled water in Brazil by buying a mineral spring in Sao Paulo. The Santa Bárbara Mineral Springs would "increase the company's market share significantly", said Nestlé. Sao Paulo represents 57% of the Brazilian bottled water market and Nestlé is ploughing in an estimated R$100m (£27.7m) into purchasing the spring, expanding operations and improving production and packaging lines. The investment confirmed Brazil as one of its priority markets, Nestlé said.
AUSTRALIA: Supermarket chain Woolworths said it would continue to expand and was well-placed to thrive in the global economic downturn. The business, which is not associated with the British Woolworth's chain, was recession-proof, chief executive Michael Luscombe told Australian reporters. "W e're going to continue to invest in store refurbishments, new stores and creating jobs. Our existing businesses are running very strongly, and we intend to do everything possible to hang on to every single job that we've got, plus create several thousand new ones," he said.
USA: The directors of Supervalu have voted to declassify the company's board, which will now be put up for election annually. Shareholders will elect the board at the annual meeting, but directors whose terms expire in 2010 or 2011 will continue to hold their positions until then. After that, all directors on the board will be subject to re-election each year. "The board and management are committed to the highest standards of corporate governance at Supervalu," said Jeff Noddle, chairman and chief executive.
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