| Business |
| Business related information |
| Agrokor Unit Gets Loan From EBRD |
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The European Bank for Reconstruction and Development has announced that it will lend E70m to Serbian retailer IDEA, part of the Agrokor conglomerate. This is the EBRD\'s first investment in the Serbian retail sector.
The investment will be used to help the company modernise its retail ne... |
| Vishal Retail to add 50 stores by March - CMD |
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Vishal Retail (VIRL.BO: Quote, Profile, Research) will add 50 stores by March 2009, taking its network of stores to 190, its chairman told investors during the discount retailer\'s annual general meeting on Monday.
\"We will be concentrating on the franchisee model for further expansion... |
| Douglas sees growth potential in E.Europe -report |
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German fragrance-to-fashion retailer Douglas Holding (DOHG.DE: Quote, Profile, Research, Stock Buzz) sees growth and profit opportunities in eastern Europe due to untapped market potential, Chief Executive Henning Kreke said in a newspaper interview on Sunday.
\"Our growth visions focus o... |
| Fashionably wealthy |
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A unique model for supply has snared fashion label Zara accolades in the global fashion stakes. Here\'s how founder Amancio Ortega stitched up the number one spot.
Last week, Spanish clothing company Zara became the world’s largest fashion retailer when its first quarter sales rose 9% t... |
| Checkpoint Systems acquires RFID-based application software and middleware company OATSystems |
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Checkpoint Systems, Inc. has entered into a definitive agreement to acquire OATSystems, Inc., the leader in RFID-based application software and middleware. The all-cash transaction is expected to close within two weeks and Checkpoint expects the transaction to be dilutive to earnings per share throu... |
| Romania: Retailers continue expansion on a rising market |
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By the end of 2009, the company will open hypermarkets in Oradea (western Romania), Buzau (southern Romania), Sibiu (center), Deva (center), Braila (south), Iasi (east), Constanta (south-east) and Bucharest.
International retail companies active on the local market opened in H1, 2008 over 256 sh... |
| Shoppers to get a ‘Bargain’ at SAAN |
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The Bargain! Shop.
The Bargain! Shop chain put forth a bid to buy 93 SAAN locations across Canada after the clothing retailer went bankrupt, forced to liquidate merchandise and shut down all stores.
“The store in Flin Flon is on our list to acquire, so our expectation would be that we woul... |
| Russia’s LUKOIL buys Turkish oil retailer |
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Russia’s second largest oil producer LUKOIL has bought 100% in Turkish oil product retailer Akpet, which has a 5% market share, the company said on Monday.
LUKOIL said the acquisition gives it access to eight oil product terminals, five liquefied natural gas (LNG) storage tanks, thr... |
| Carrefour does not plan China or Brazil sales |
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France\'s Carrefour (CARR.PA: Quote, Profile, Research), the world\'s second biggest retailer, has no plans to sell its activities in China or Brazil, its chief executive said on Monday.
At a shareholders\' meeting called to approve a change in the management structure so Jose Luis Du... |
| Bankruptcy raises doubts about retailer |
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When a 30,000-square-foot Steve & Barry\'s opened in Marketplace Mall just before Memorial Day, mall officials hoped that the hip, discount retailer would strengthen the mall.
Steve & Barry\'s, regarded then as one of the fastest growing retailers in the country, took over vacant space ... |
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