• Agrokor Group: Creditor’ Council Unanimously Confirms Settlement Plan

    Agrokor Group: Creditor’ Council Unanimously Confirms Settlement Plan

    Members of the Temporary Creditors’ Council have, at the meeting held on 19 June, 2018, unanimously accepted the settlement plan between the debtors and all creditors submitted to the Council by the Extraordinary Commissioner and have given approval to the Commissioner to deliver the adopted wording as a common settlement plan proposal to all creditors by publishing it...

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  • Poland’s Enterprise Investors acquires Croatian grocery chain Studenac

    Polish Enterprise Fund VIII, a private equity fund managed by Enterprise Investors, signed an agreement to acquire a 100% stake in Studenac, a chain of neighbourhood grocery stores operating in Croatia’s region of Dalmatia, Enterprise Investors said. The value of the transaction was not disclosed. The Polish fund acquires Studenac as the food retail market in Croatia...

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  • Lidl inaugurates new 55 million euros distribution facility in Serbia

    German retailer Lidl has inaugurated a new 55 million euros distribution centre in Nova Pazova, Serbia, as the company prepares to open its first stores in the country. The 45,000 square-metre facility can store up to 30,000 pallets, features 120 loading ramps and can supply up to 100 stores once it is operating at full capacity. The centre also features five...

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  • Carrefour, Google sign ambitious digital agreement

    Carrefour, Google sign ambitious digital agreement

    Carrefour and Google have announced the signing of a major new strategic partnership, which will focus on three digital initiatives to drive growth at both groups. The groups said that while Carrefour will contribute its product expertise and know-how in logistics and sales, Google will offer its technology and skills in AI, cloud, and new consumer shopping interfaces. The...

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  • Carrefour, Systeme U confirm five-year purchasing partnership

    Carrefour and Systeme U have announced the signing of a five-year purchasing agreement, involving the purchase of national brands, international brands, and French agricultural products. The signing of the agreement follows the announcement that both retailers had entered into negotiations in April. In a statement, Carrefour said that the partnership is expected to be...

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  • Orkla to build new biscuit factory in Latvia as consolidation drive continues

    Norwegian food group Orkla is consolidating its biscuit operations into a yet-to-be built plant in Latvia that will see its two existing sites close down. The move is part of the company’s overall moves to cut the number of manufacturing facilities and make its operations more efficient. Orkla’s biscuit plants are located in the Swedish town of Kungälv and...

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