Delhaize looks to future with new Brussels store

Article Abstract:

Delhaize "Le Lion" SA, a retailer based in Belgium, will open a state-of-the-art supermarket in Woluwe-Saint-Lambert near Brussels, Belgium. The third millenium type of supermarket will offer a wider selection of imports while customers may compare prices with a hand-held scanner enjoying coffee at a new espresso bar. Delhaize's recent closure of a site nearby leaves the total number of Delhaize markets in Brussels at 32 with roughly 1,800 outlets worldwide. Although construction costs of the new store was roughly 30% higher than normal, it is expected to pay off despite offering the same prices as any other Delhaize outlet, said executive director of the supermarket's division Claude Allard.

Comment:

Will open a state-of-the-art supermarket in Woluwe-Saint-Lambert near Brussels, Belgium

Belgium, Delhaize Le Lion S.A.

---

Venator to sell its 357 Woolworth stores in Germany

Article Abstract:

Venator Group Inc., which adopted Woolworth Corp. as its new name, will sell its 357 Woolworth stores in Germany to a group of managers led by Britain, UK-based venture capital firm Electra Fleming Inc. for $552 million. The move is aimed at helping Venator concentrate on its core business of apparel retailing and athletic-footwear via such chains as Champs Sports and Foot Locker. Venator will take an after-tax gain of $16 million, or 12 cents a diluted share, after it completes divesting the Woolworth locations in Germany.

Comment:

Leads a group of managers in buying 357 Woolworth stores in Germany from Venator Group Inc for $552 mil

Asset sales & divestitures, Acquisitions & mergers, Germany, Venture Capital Companies, Miscellaneous Intermediation, Foot Locker Inc., Electra Fleming Inc.

---

Tesco's Irish unions accept pay pact, ending dispute

Article Abstract:

Tesco PLC's unions in Ireland have accepted a pay package offer after a strike that led to the closure of the company's 76 Irish branches. The unions represent 9,500 Tesco employees in Ireland.

Ireland, Grocery stores, Personnel administration, Tesco PLC, Labor relations

Similar abstracts:

• Abstracts: Oman looks to private sector. Chile completes satellite navigation trials. Finding new funds: private investment is behind the region's infrastructure development
• Abstracts: Pot-holes on the road to Brussels. The door creaks open
• Abstracts: Enemies of the state, without and within. Don't wait, reintegrate: Colombia. Don't celebrate yet
• Abstracts: 10 to the minus 15 seconds of fame. Minus Triple-A: Nigeria. Minus the goat: Brazil
• Abstracts: Uighurs face bleak future in Xinjiang. ABB scales back in region

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.