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.
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Will open a state-of-the-art supermarket in Woluwe-Saint-Lambert near Brussels, Belgium
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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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
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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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.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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