• Dixons pays €25m to merge Italian arm

    Dixons pays €25m to merge Italian arm


    Dixons has agreed to merge its loss-making Italian business with a local player as it looks to scale back its international arm.

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    Rewe Group's Billa supermarket division to exit Italy


    German retailer Rewe Group’s Billa supermarket division plans to exit Italy. Following the sale of 43 stores in 2011, the remaining operations are still suffering from the integration of 120 Standa shops purchased in 2001, which were recently rebadged to Billa.

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    Carrefour appoints Eric Uzan to head Italian operation


    Carrefour has appointed Eric Uzan to head its Italian operation, effective from April 2. Uzan has been working for the group for more than a decade. He oversaw the development of the Americas region and, more recently, worked in Indonesia, where the French retailer spun off its operation last ...

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    Metro Cash & Carry launches new price-focused format


    Metro Group-owned Metro Cash Carry in Italy has launched a new price-focused format in Chieti province, Abruzzi. The store in Sambuceto, originally opened in 1998, has been refurbished to the new model trading under the Metro Piazza Affari banner. The pilot store features prices on average 14% lower ...

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    Pierluigi Bernasconi resigns from Media-Saturn


    Pierluigi Bernasconi, the chief executive and managing director of Metro Group-controlled Media-Saturn in Italy, has resigned for “personal reasons”. Bernasconi had headed Media-Saturn in Italy for 21 years. Media-Saturn has yet to confirm the report.

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    Electronics specialist Darty to sell Italian business


    French electronics specialist Darty is to sell its Italian business to DPS Group, while retaining a 15% stake. Darty will pay the electrical goods and services provider E3m (£2.4m) as part of the deal to offload its 20 stores. The transition will cost Darty about E11m (£8.9m). In its last ...

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    Ikea Italy sales fall 2.6%


    Sales at Ikea Italy fell 2.6% to e1.6m (£1.3m) in the year ended August 30, the retailer’s first ever year-on-year decline since entering Italy in 1989. Ikea has 20 stores and more than 46 million visitors annually. It plans to invest e400m (£322m) over the next three years in new ...

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    Simply Market to open Milan flagship


    Auchan’s supermarket banner Simply Market has announced the opening of a 27,000 sq ft flagship in Milan. The store has an improved fresh produce section and a snacking area for shoppers to rest and access Wi-Fi. The outlet has an interactive terminal called ScontoSì which provides last-minute discounts for Nectar ...

  • 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.

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    Fall in turnover for CDC


    Electronics store and warehouse club operator CDC’s turnover for the second quarter ended June 30 fell 55% to E75m (£58m). The retailer’s primary trading margin was down 57% to E7.6m (£5.9m). CDC attributed the plunge to its ongoing financial burden and the negative outlook for the market.