NETHERLANDS: Laurus reports 2002 turnover down 14.8%
Dutch supermarket retailer Laurus said it generated turnover in 2002 of €5.5bn (US$5.9bn), a decrease of 14.8% year-on-year. Laurus attributed the fall in turnover to the sale and closure of some of the company's operations. In 2002, the company sold off its loss-making Spanish operations to UK venture capital CVC Capital Partners.
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