• News

    ICI Paris XL acquires Dutch competitor Pour Vous


    AS Watson’s Belgian perfumery chain ICI Paris XL has acquired Dutch competitor Pour Vous. ICI Paris XL plans to complete the deal within one month and is taking over the brand as well as the store network. The deal follows ICI Paris XL’s acquisition of LVMH’s Dutch Sephora stores. “We ...

  • News

    Delhaize Group to introduce electric vehicle charging stations


    Grocery retailer Delhaize Group is to introduce electric vehicle charging stations at 12 stores. The retailer has linked up with car manufacturer Nissan on the project. Use of the stations will be free during the first half-year of the operation. Owners of a Nissan e-car can use the service free ...

  • News

    Delhaize Group's operating profit plummets


    Delhaize Group’s operating profit plummeted 52% to E390m (£340.6m) in 2012. EBITDA fell 14.5% to E1.3m (£1.1m), mainly because of a store portfolio optimisation charge during the first quarter. Aside from the optimisation, the group said selling, general and administrative costs amounted for 21% of revenues.

  • News

    Belgian retailers accused of price fixing


    Seven leading Belgian retailers and 11 suppliers of household goods and health and beauty products are suspected of having fixed prices for years, according to Belgian competition authority, Conseil de la Concurrence. According to several local media reports, Carrefour, Colruyt and Delhaize Group are among the retailers under investigation, while ...

  • News

    Frozen food retailer Picard enters Belgian market


    French frozen food retailer Picard has entered the Belgian market with the opening of its first store in Waterloo. As part of a joint venture with local partners, Picard is expected to open further shops in the country in coming weeks. The retailer is reportedly now considering the takeover of ...

  • News

    Grocer Delhaize posts sales growth


    Grocer Delhaize posted sales of e11.17bn (£8.84bn) for the first half of 2012, representing growth of 10.1% compared with the same period the previous year. Operating profit was e207m (£163.8m), down 51.5%. In the US, revenues fell 2.2% to $9.35bn ($5.91bn). Excluding the 126 stores closed in February, sales increased ...

  • The British division of German motorbike specialist Hein Gericke has fallen into administration

    Bike specialist Hein Gericke crashes into administration


    The British division of German motorbike specialist Hein Gericke has fallen into administration.

  • News

    Grocer Delhaize reports operating profit dip


    Grocer Delhaize reported sales up 5.9% to E5.5bn (£4.48bn) for the first quarter of 2012 but underlying operating profit dropped 16.9% to E189m (£153.8m). In the US, sales were down 1.2% to $4.6bn (£2.84bn), corresponding to a dip of 0.6% in like-for-likes. At the end of March, Delhaize operated 1,541 ...

  • News

    Grocer Delhaize reports profit decrease


    Grocer Delhaize reported underlying operating profit down 10.2% to E935m (£789m) for the full year 2011. According to the retailer, the decline was due to soft sales and price investment in the US partly offset by cost savings across the group. Net profit slipped 17.4% to E475m (£400m) primarily as ...

  • Consumers flock to large shopping centres such as Westfield Stratford City, with their prime retail offer

    The big picture of development


    The scale of development in the UK and the rest of Europe is polarising. With a handful of plans for mega schemes in the pipeline, and other boutique and niche projects being pushed forward, Mark Faithfull considers whether the middle ground has been squeezed out.