According to unconfirmed reports, several private equity teams have bid for the Ahold US Foodservice unit in a deal that could fetch more than USD6 billion. It is reported that a group made up of Bain Capital, Blackstone Group, and Wellspring Capital...

According to reports in the Ukraine press, the newly appointed managing director of Auchan Russia, Jean Pierre Germain, has unveiled the retailer’s expansion plans for the Ukraine. Auchan will open its first outlet in Kyiv by the end of 2007 and a further...

According to reports in the Hungarian press, citing the chief executive of Auchan’s local operation, Jean Paul Filliat, the retailer is targeting a 2.5% revenue rise this year, slowing considerably from the 7.5% increase in 2006. He declined to provide...

In the second quarter Costco has reported that net sales increased to USD14.80 billion from USD13.79 billion a year before. US comparable sales grew at 5%, international comparable sales at 4%. Net income for the second quarter (12 weeks) of fiscal 2007...

US drugstore chain CVS has announced its “best and final” offer for its proposal to merge with Caremark. Following the close of the merger, CVS and Caremark will increase the special cash dividend payable to Caremark shareholders to USD7.50 per share....

According to reports in the Italian press, Metro’s local cash & carry operation has become part of the Intermedia buying group. Bennet, Lombardini and PAM are already part of the Intermedia group.

To promote longer store openings in many of its outlets, Rewe supermarkets in Germany have launched a bonus scheme for customers who make use of the W. Brandenburg butcher service counters. With ten purchases after 7pm documented in the 'Wurst-Pass' ('sausage...

L'éditeur de progiciels de gestion intégrée Generix Group(GNX) a dégagé en 2006 un résultat net multiplié par 13,7 à 2,5 millions d'euros, soit 11% du chiffre d'affaires. L'EBE a progressé de 88% à 3,3 millions d'euros, tandis que le résultat d'exploitation...

French retail and luxury group PPR (Pinault Printemps Redoute), owner of entertainment and electronics retailer Fnac, has announced its annual results for 2006. Total group revenue was up 5.9% to EUR17.9 billion (USD22.5 billion) from EUR16.9 billion...

US drugstore chain CVS has issued a statement in response to the decision by the Delaware Chancery Court to deny the motions of Express Scripts to postpone the Caremark shareholder meeting. The court noted that further delay would cause uncertainty and...