Metro AG (MEO), Germany’s biggest retailer, hired Deutsche Bank AG (DBK) to explore options for its consumer-electronics division, according to two people with direct knowledge of the matter.
Russian food retailer Dixy Group said on Thursday its sales rose 28.3 percent in June, year-on-year, to 19.2 billion roubles ($551 million), after a 19-percent increase the previous month.
Carrefour posted its best three-month sales in five years thanks to signs of recovery in austerity-hit southern Europe, where even Italy returned to growth thanks to World Cup promotions.
Carrefour CEO Georges Plassat has made no secret of what he thinks of the Carrefour Discount brand so it should come as no surprise that Carrefour has decided to overhaul the brand by removing the Carrefour logo.
Russian food retailer Lenta is confident its price policies will help it weather a weaker economy, brought lower by the Ukraine crisis, as it predicted faster sales growth for 2014 and confirmed expansion plans.
Nick Eyre, the former secretary of the Co-op group, believes the company must overhaul its governance structure after management last year made unregulated decisions resulting in a notorious £2.5 billion loss.
Consumer goods maker Unilever Plc said it had sold its Slim-Fast brand to Kainos Capital, a U.S.-based private equity firm focused on the food and consumer sector.
Russian food retailer O'Key said on Friday that retail revenues rose 12 percent in the second quarter, a deceleration from the 12.6 percent recorded in the first quarter.
Booker Group, Britain's largest cash-and-carry wholesaler, reported a decreased rise in first-quarter sales, though it claimed it is on course to achieve its full-year goals.
