english news

CVS has said its shareholders have voted to approve the company's merger with Caremark. "We are extremely pleased our shareholders strongly supported our proposed merger with Caremark," said Tom Ryan, CVS Chairman, President and CEO. "This landmark combination...

Asda has started selling gift cards and vouchers online, targeted at both private and commercial clients. Asda states that the new offer is the “the ideal way to provide the gifts or incentives for your staff or customers whatever the size of your business....

During a Bank of America retail conference, chief financial officer Robert Edwards said that Safeway could see some opportunities for acquisition as a result of recent consolidation in the industry. “The industry consolidation that’s occurring may provide...

Delhaize has this morning announced that Michel Eeckhout will become Chief Executive Officer of Delhaize Belgium from July 2007. He will succeed Arthur Goethals, who will retire as planned from his executive roles at the end of June 2007. Mr. Eeckhout...

Delhaize has this morning reported a 12.9% rise in full year 2006 net profit on ongoing operations to EUR425.6 million (USD533.9 million), beating its own guidance of between 8% and 12%. Operating profit on ongoing operations rose by 5.9% to EUR943.6...

In advance of the CVS and Caremark shareholder meetings, CVS has reiterated the benefits of its merger with Caremark. CVS urged Caremark shareholders to vote for the certainty, value and long-term opportunities presented by the CVS/Caremark merger. CVS...

Colruyt has opened its first biological supermarket Bio-Planet in Eindhoven in the Netherlands. Encouraged by the constantly growing turnover figures in the three Belgian Bio-Planet branches (in Kortrijk, Gent and Dilbeek); Colruyt decided to introduce...

Casino yesterday announced that it has appointed Gerard Koenigheit as interim chairman of the management board of Leader Price Holding, the parent company of the Leader Price discount chain, and said it will name a new management team for Leader Price...

According to unconfirmed reports in France, Carrefour’s largest shareholder, the Halley family, has asked two banks to find a buyer for its 13% stake in the retailer for between EUR55 (USD72.58) and EUR60 (USD79.18) per share. Unconfirmed Indian press...

The European Commission has delayed its antitrust review of Carrefour’s plan to buy Ahold’s Polish operations. The meeting, which was originally scheduled for March 23, has been postponed to April 4. Reportedly, the delay is due to Polish antitrust authorities...