AUSTRIA: SPAR TO TAKE OVER MEINL FOOD OUTLETS

Article Abstract:

The Austrian retailer Julius Meinl gives up its former core sector, food retail trade. The remaining outlets are to be sold to Spar. Meinl is to retain only the flagship store Meinl am Graben in Vienna. After the cartel authorities prevented the sale of the whole chain to Billa in 1998, Meinl planned to convert the 95 stores in eastern Austria into gourmet stores like Meinl am Graben. The retailer has already spent a significant sum on the modernisation.

Spar

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AUSTRIA: NEW PLANS OF JULIUS MEINL

Article Abstract:

After giving up food retail business in the home country, Austrian Julius Meinl is to concentrate on coffee and marmalade, east Europe and banking. The small but profitable investment bank Meinl-Bank manages assets worth double-digit billions of schillings. Meinl is to retain the gourmet store and luxury restaurant Meinl am Graben in Vienna. The concept could also be exported, for example to large cities in Germany. Meinl earned Sch 10bn from the sale of its food retail chain to Spar, and is now planning investments in other sectors.

Strategy & planning, Banking Institutions, Depository Credit Intermediation, Retail Trade, Fruit and Vegetable Canning, Eastern Europe, DEPOSITORY INSTITUTIONS, Pure Jams & Preserves, Canned fruits and vegetables, Banks (Finance), Jam

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AUSTRIA: JULIUS MEINL BUYS ZUMTOBEL COFFEE DIVISION

Article Abstract:

Austrian Julius Meinl group is buying the coffee division of F.M. Zumtobel Industrieholding AG, Dornbirn. Zumtobel roasted more than 1,000 tons of coffee annually and turned over about Sch 130mn with coffee. The company has been particularly successful with its 1,000 Zumtobel Kaffee Depot coffee shops in Austria and southern Germany. The acquisition strengthens Meinl's position in western Austria and in the catering segment. Meinl wants to expand the Zumtobel coffee brand and coffee shops.

Eating places, Restaurants & Food Service, Food Services and Drinking Places, Zumtobel AG

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