Euro discord in Germany and France

Article Abstract:

The German retail trade is adopting a misguided position on the introduction of the euro, according to Arbeitsgemeinschaft der Verbraucherverbande (AgV), the country's leading consumer group. Merely putting two prices on product labels during the six-month transitional period will not be adequate. This view is not shared by Hauptverband des Deutschen Einzelhandels (HDE), Germany's leading retail association. This organization claims that the cost of shifting to the euro for the German retail trade will be at least DM30 million.

Administration of General Economic Programs, Intnl Economic Policy, Planning, Germany, International economic relations, European Monetary System

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Edeka Minden goes for broke

Article Abstract:

Edeka Minden of Germany, a retail group, has increased turnover by 6.4% to 4.6 billion deutschemarks in the past financial year, and it is aiming for turnover of a little over 6.5 billion deutschemarks. The acquisition of Otto Reichelt and its holding in Edeka Berlin-Brandenburg, are expected to contribute to increased turnover.

Edeka-Zentrale AG

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GIB suffers from US disposal

Article Abstract:

GIB of Belgium, a retail group, reported losses of 4.35 billion Belgian francs in 1995, but is continuing with its restructuring plans, including a revamp of its GB supermarkets and expansion of its Quick burger chain. Turnover in Europe rose 2.7%, with the best performance coming from its DIY and fast food operations.

GIB Group

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