French retail prices will remain low until after recession

Article Abstract:

French retail prices are affected by levels of unemployment and salaries and are not likely to rise until wages and employment improve. Food consumption growth has been stagnant, with a drop in average prices in 1993-1994. Overall retail prices were down by 2% in 1993, due to price wars. Discounted lines are set to rise as a proportion of total sales and mergers and acquisitions are also set to rise. Companies seeking growth are likely to expand outside France.

Food industry, France

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Delhaize to own Meinl Hungary by 2000

Article Abstract:

An article about the acquisition of Hungary's Csemege Julius Meinl by Delhaize, the Belgian retailer, is presented. Csemege Julius Meinl reported a pre-tax profit of HFt850m on revenues of HFt89.9bn in 1998.

Asset sales & divestitures, Acquisitions & mergers, Groceries & Rel Prods Whsle, Grocery and Related Product Wholesalers, Hungary, Belgium, Groceries and Related Products, Retail Stores, Mergers, acquisitions and divestments, Delhaize Le Lion S.A., Csemege-Julius Meinl Ipari es Kereskedelmi Rt

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Mercadona achieves full time contract objective

Article Abstract:

Spanish grocery chain Mercadona S.A. has successfully obtained labor contracts for its entire work force.

Labor force information, Sales, profits & dividends, Personnel administration, Spain, Labor relations, Mercadona S.A.

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