l GERMANY: Rewe Group is taking over the four supermarkets owned by Belgian food retailer Delhaize Group in Germany. The four Delhaize stores, which turned over €22m last year, are located in Cologne and Aachen. Later in the year they will be revamped to bring them in line with other Rewe stores. "With this takeover we can further strengthen our position in two important cities in our domestic market," said Lionel Souque, national manager for Rewe Germany.
l US: Officials at Smithfield Foods and Tyson Foods temporarily shut down several pork plants this Tuesday citing low margins and tight pig supplies. The plants' closure meant 10% fewer pigs were slaughtered on Tuesday than would normally be the case. During the summer months, pig supplies tighten as part of a longstanding seasonal pattern, but slow demand this year has worsened the situation for manufacturers.
l SPAIN: Carrefour is reportedly looking to buy the Spanish stores of Intermarché, following the decision by Intermarché to quit the market. Earlier this week, Spanish media reports said Intermarché had entered an agreement to sell its 52 local supermarkets to Spanish retailer Bon Preu, located in the northeastern region of Catalonia. French retailer Intermarché is said to have made losses of up to €20m a year since entering the country in 1988.
l US: Bashas', the largest family-owned grocery chain in Arizona, has filed Chapter 11 bankruptcy protection after being crushed by the economy and competition. The business employs 10,000 people and attributed the bankruptcy to increased competition from Wal-Mart and Tesco's Fresh & Easy Neighborhood Market, the weak economy and Arizona's high home foreclosure rates. An ongoing union dispute and tougher terms from bankers had also tipped it over the edge, according to reports.
l HAWAII: An acquisition between two supermarket businesses in the Hawaiian capital Honolulu has created the state's third-largest grocery business. Times supermarket has bought Star Markets for an undisclosed sum.
l US: Officials at Smithfield Foods and Tyson Foods temporarily shut down several pork plants this Tuesday citing low margins and tight pig supplies. The plants' closure meant 10% fewer pigs were slaughtered on Tuesday than would normally be the case. During the summer months, pig supplies tighten as part of a longstanding seasonal pattern, but slow demand this year has worsened the situation for manufacturers.
l SPAIN: Carrefour is reportedly looking to buy the Spanish stores of Intermarché, following the decision by Intermarché to quit the market. Earlier this week, Spanish media reports said Intermarché had entered an agreement to sell its 52 local supermarkets to Spanish retailer Bon Preu, located in the northeastern region of Catalonia. French retailer Intermarché is said to have made losses of up to €20m a year since entering the country in 1988.
l US: Bashas', the largest family-owned grocery chain in Arizona, has filed Chapter 11 bankruptcy protection after being crushed by the economy and competition. The business employs 10,000 people and attributed the bankruptcy to increased competition from Wal-Mart and Tesco's Fresh & Easy Neighborhood Market, the weak economy and Arizona's high home foreclosure rates. An ongoing union dispute and tougher terms from bankers had also tipped it over the edge, according to reports.
l HAWAII: An acquisition between two supermarket businesses in the Hawaiian capital Honolulu has created the state's third-largest grocery business. Times supermarket has bought Star Markets for an undisclosed sum.
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