| Business |
| Business related information |
| Leading Zimbabwe Retailer Edgars Announces Round Of Store Closures |
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Reflecting widespread distress among businesses in Zimbabwe, the Edgars retail chain said Friday that it has closed 19 of 55 stores countrywide, will shut another five of its clothing outlets soon, and plans to shutter 14 of its Express stores.
Edgars cited government price controls as the main r... |
| Yamada Denki to buy rival retailer Kimuraya |
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Japan\'s largest consumer electronics chain, Yamada Denki Co., said it will acquire a 94.25 percent equity stake in Tokyo-based discount retailer Kimuraya Select on Wednesday.
Yamada Denki will buy 73,433 Kimuraya shares from Asset Managers Co., a turnaround firm that reconstructed Kimuraya aft... |
| Changes to the Board of Directors of Wincor Nixdorf AG |
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Jürgen Wilde (60), member of the Board of Directors at Wincor Nixdorf AG and responsible for the retail segment, will relinquish his post for health reasons at the end of the Annual General Meeting on January 28, 2008. The company\'s Supervisory Board agreed to Mr. Wilde\'s request at its meeti... |
| German food retailer Tengelmann plans to enter its Plus discount unit into JV |
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German food retailer Tengelmann AG is planning to enter its discount unit Plus into a joint venture with other market participators, a company spokeswoman said.
She declined to comment further on a report by Financial Times Deutschland that said Tengelmann is in talks with its competitors Edeka a... |
| New technologies and consolidation of market players lift 2008 outlook |
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BRUSSELS, Belgium, May 2007 — TOSHIBA TEC Corporation, the leading retail and industrial automation solutions provider, laid out its vision of the future on the announcement of financial results of operations for the year ended March 31, 2006. Sales for fiscal year 2005 ended at 443 billion Yen... |
| Foodworks focuses on growth in 2008 |
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Independent supermarket group FoodWorks has unveiled ambitious targets, including plans to launch or redevelop 300 stores, and to break the dominance of Coles and Woolworths in the retail industry.
FoodWorks said on Thursday it had plans to launch or redevelop 300 stores and to introduce 150 entr... |
| Swiss erotic retailer Stoeckli confirms interest in buying Germanys Beate Uhse |
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Patrik Stoeckli, the Swiss retailer of erotic products, said he is interested in acquiring German rival Beate Uhse AG and will hold talks with the latter on Sept 11, confirming a report in the Sunday tabloid SonntagsBlick to German news agency DPA.
A spokeswoman for Beate Uhse denied there would ... |
| Romanian Oil Company Sells 75% Stake to Kazakh Firm |
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Rompetrol Group, Romania's second largest oil retailer and producer, announced Monday is has sold 75 percent of its shares to Kazakhstan’s state energy company.
Rompetrol President Dinu Patriciu refused to name the value of the transaction with KazMunaiGaz. With Rompetrol’s market value at... |
| Retailer Valora could become takeover target again |
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Swiss retailer Valora (VALN.S: Quote, Profile, Research) could again find itself as a takeover target nearly a year after France's Lagardere (LAGA.PA: Quote, Profile, Research) approached the group, and appears good value with its shares close to a new year low.
Valora shares have fallen some 2... |
| Retalix 2nd-Quarter Loss Narrows |
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NEW YORK - Retalix Ltd., an Israeli software maker for food retailers and distributors, said Tuesday its second-quarter loss narrowed, helped by an increase in product revenue.
For the three months ended June 30, the company reported a loss of $1.8 million, or 9 cents per share, compared with a l... |
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