METRO Cash & Carry Ukraine on a 3,6 ha land plot on Vovchynetska Street in Ivano-Frankivsk opened its 20th store bringing into the region investing EUR 20 Mio. and creating 300 new jobs for local   read more...

Unilever today announced that it has signed a definitive agreement to sell Komili, the market leading olive oil brand in Turkey, for an undisclosed amount to Ana Gida, part of the Anadolu Group.The   read more...

European Distribution Corp (CEDC) has completed its $181.5m investment in the Russian Alcohol Group, which will raise its stake in the company to 42%. It also raised its full-year earnings outlook to a   read more...

Wal-Mart and Carrefour are planning to bid for control of the Lenta hypermarket chain, according to a Reuters report, citing sources close to the sale. The report added that they will be joined by   read more...

Danisco, the Denmark-based ingredients group, has sold its sugar business to Germany's Nordzucker. The deal, announced last night (14 July), ends months of speculation over the future of the business   read more...

Parmalat has blamed economic problems at home and abroad for a cut in its profit forecast for 2008. The Italy-based dairy giant said "a major decline" in the Italian market and worsening economic   read more...

Six retailers and tobacco companies agreed to pay combined fines of Ł132.3m after admitting unlawful cigarette pricing practices. The Office of Fair Trading (OFT) said the companies - Asda, Somerfield, First   read more...

Latest figures released this morning from the Office of National Statistics show that in the year to June, the consumer prices index (CPI) rose by 3.8%, up from 3.3% in May. In the year to June, the all   read more...

Beer producers InBev and Anheuser-Busch announced an agreement to
combine the two companies, forming the world’s leading global brewer. Anheuser-Busch   read more...