Denmark: Coop Danmark signs franchise deal with co-ops

Article Abstract:

Coop Danmark will sign franchise deals with the 500 independent co-operative societies in January whereby the societies will be turned into franchise stores. This move will make it easier for Coop to gain a better control of the stores. The independent co-operative societies, in turn, will obtain an option for expansion in their local environment. This deal aims to strengthen the individual co-ops' means of competition. Similar deals are meant to be introduced for all independent co-operative societies within Coop Norden (Nordic).

Marketing procedures, FOOD STORES, Licensing/Sales Agreements, Coop Norden, Coop Danmark

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DENMARK: FDB NOT TO LAUNCH BANKING SERVICES

Article Abstract:

FDB, the major Danish retail group, has decided not to start offering banking services such as loans and savings accounts. The reason behind the decision is that it would cost more than DKr 100mn (USD 14mn) to introduce the services. Director Henning N Jensen says that even though retail group in neighboring countries have introduced banking services and credit cards, these service usually don't generate profits.

Strategy & planning, Financial Services, Finance and Insurance, FDB

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