Italy news

16 March 2021
As Carrefour receives approval for its takeover of Supersol in Spain and cuts prices on everyday staple products, amongst other developments, we round up news from the retailer. Carrefour completes acquisition in Spain… Carrefour’s acquisition of the Supersol chain has been approved by the local competition authority, Defensa de la Competencia, which will enable it to complete its €78m purc...
16 March 2021
The SPAR Austria Group announced its 2020 results, reporting total sales rose 5.6% to €16.6 bn. In its home market, SPAR Austria’s food sales increased 16% to €8.32 bn, helping it gain market share during the year and, it claims, ‘ making it the new market leader in Austria ’. Total Group sales reach €16.6 bn… SPAR Austria said all its three business divisions – food retail, sports retail a...
09 March 2021
Aldi opened its 100 th store in Italy in January 2021, while local competitor, In’s Mercato, set out plans to open 30 stores during 2021 and how it was aiming to embed its brand identity and sustainability commitments. Aldi opens 100 th store in Italy Aldi reached a new milestone in Italy by opening its 100th store. The discounter operates in six regions including; Emilia-Romagna, Friuli-...
18 February 2021
Announcing its full year results, Carrefour has reported like-for-like sales growth of 7.8%, as sales, including VAT, reached €78.6 bn. The retailer also saw an improvement in its recurring operating margin, which increased to 3.1%, from 2.9%, with its recurring operating income rising by 16.4% to €2.1 bn. France: Carrefour enjoys strongest growth in almost 20 years In its home market Carre...
01 February 2021
Amazon has launched its Fresh grocery delivery service in Italy, initially available in Milan. The retailer also announced it is planning to launch an online store in Poland. Amazon Fresh launches in Milan Customers in Milan now have access to more than 10,000 products from categories including meat, fish, fruit and vegetables, pasta, organic, eggs, home care, and local artisanal products. ...
18 January 2021
Market leader Conad has announced its preliminary results and is expecting to have generated a turnover of €15.7 bn, an increase of 10.2%, in 2020. Meanwhile, Todis revealed its results, saying it had seen an increase in turnover and like-for like (LFL) sales. Conad’s sales performance in 2020 Conad announced its preliminary results for 2020, saying it expected to increase its turnover by 1...
18 January 2021
Italy-based Gruppo Selex announced it expects to have increased its turnover by 31.7% to €16.2 bn in 2020. Meanwhile, it said it had enjoyed a strong start to 2021 with the joining of the SUN consortium as shareholders. Strong sales performance Selex announced its total turnover is expected to reach €16.2 bn in 2020, an increase of 31.7% compared to 2019. The group ended 2020 with 3,207 sto...
18 January 2021
Having entered in preliminary discussions around a potential transaction, these have now ended, with Carrefour and Couche-Tard switching their focus to explore opportunities for operational partnerships. Opposition to any deal The discussions had been initiated by Couche-Tard’s “friendly approach” to Carrefour with the objective of acquiring the France-based retailer. However, these d...
14 January 2021
Canada's Couche-Tard, which operates the Circle K chain of convenience stores globally, has submitted a non-binding offer letter to Carrefour for a "friendly combination" at a price of EURO 20 per share, in a US$20bn deal. The terms of the transaction are under discussion, but there can be no certainty at this stage that these discussions will result in any agreement or transaction. Retail’s d...
26 November 2020
(Last updated 26/11/2020) As Western European countries are facing a second wave of COVID-19 infections, several governments are implementing stricter restrictions including second national lockdowns. Here is an update of the latest announcements across the region Germany Latest ( update 26/11/2020) : Lockdown to be extended until at lest 20 December, with non-essential busines...