Food industry company news

Subscribe via RSSWhat is RSS?

Latest Insights

Russia's X5 struggles to deliver on objectives

X5 Retail Group has had a turbulent year. Management changes and a significant strategic shift that has sidelined the importance of M&A to t...

X5 CEO Gusev's departure raises concerns

News that Andrei Gusev will stand down as X5 Retail Group chief executive caused shares in the Russian retailer to sink to a 52-week low on...

Dean Best | 13 Dec 2010

In a move that surprised some industry watchers, Wal-Mart Stores said today (13 December) that it would close its office in Moscow, where it has spent two years studying how to enter Russia's fast-growing retail sector.

Petah Marian | 8 Dec 2010

Russia's leading grocery retailer X5 Retail Group's acquisition of soft discounter Kopeyka will give it a stronger base to drive aggressive growth plans in a heavily fragmented, but highly attractive market.

Dean Best | 18 Oct 2010

Russia, the world's 12th largest economy was hit hard by the global downturn. The drop in global manufacturing demand hit resource-rich Russia hard, which saw its GDP slump by 7.9% during 2009 in what was the country's worst recession in a decade.

Petah Marian | 6 Sep 2010

The spotlight was on manufacturers this week as Heinz, Kerry Group and Del Monte all posted positive numbers.

Latest News

Katy Askew | 26 Mar 2014

Space expansion and like-for-like sales gains resulted in higher sales and profits at Russian retailer O'Key Group during 2013.

Hannah Abdulla | 29 Jan 2014

Russian food retailer O'Key Group has appointed Tony Denis Maher as its new chief executive officer.

Hannah Abdulla | 24 Jan 2014

Russian food retailer O'Key Group has announced an 8% increase in like-for-like revenues for 2013.

Michelle Russell | 11 Oct 2013

Russian retailer O'Key Group said it had a "very successful" third quarter after booking an increase in like-for-like sales.

Michelle Russell | 30 Aug 2013

Russian retailer O'Key has booked an increase in first-half earnings, boosted by increased store numbers.

Katy Askew | 16 Jul 2013

O'Key Group has said it will look to reinvest margin improvements driven by improved purchasing terms into the development of its private label offer and strengthening of its price proposition.

Michelle Russell | 15 Jul 2013

Russian retailer O'Key Group has said it delivered a "strong" set of like-for-like results in the first half of the year.

Dean Best | 24 Jun 2013

The owners of Russian retailer O'Key do not plan to sell the business, the company has insisted, after an interview in which its chief executive said it could be a potential takeover target of Wal-Mart.

Michelle Russell | 29 May 2013

Russian grocery retailer Lenta is reported to be holding discussions with bankers over a potential listing in London.

Katy Askew | 29 Apr 2013

Russian retailer O'Key has booked a jump in full-year sales and profits for fiscal 2012, as the group expanded into new cities in Russia.

Dean Best | 11 Apr 2013

Russian retailer O'Key Group today (11 April) booked a 5% rise in first-quarter like-for-like sales.

Katy Askew | 22 Jan 2013

Russian retailer O'Key has seen its like-for-like sales rise during the fourth quarter, which contributed to a 24.5% increase in total revenue.

Michelle Russell | 30 Nov 2012

German retail giant Metro Group has sold its Real grocery chain in eastern Europe to French retailer Auchan for EUR1.1bn (US$1.4bn).

Michelle Russell | 29 Nov 2012

German retailer Metro Group has remained silent over reports it is closer to striking a deal to sell its Real grocery chain in eastern Europe to French retailer Auchan.

Michelle Russell | 26 Nov 2012

German retail giant Metro Group has declined to comment on reports it is in talks with several potential buyers for its Real stores in eastern Europe.

Michelle Russell | 26 Oct 2012

Metro Group has said the company's view on its Real hypermarket chain is "unchanged" despite reports linking three rivals to its stores in Russia.

Michelle Russell | 12 Oct 2012

Russian retailer O'Key has booked an increase in third-quarter sales amid a "stable" trading environment and an increase in selling space.

Michelle Russell | 4 Sep 2012

Russian retailer O'Key has said it plans to invest US$500m over the next four years on expanding in its home market.

Michelle Russell | 30 Aug 2012

Russian retailer O'Key has recorded an increase in half-year profits on the back of higher sales.

Katy Askew | 10 Jul 2012

Russian retailer O'Key said today (10 July) that second-quarter sales grew by almost one-quarter, driven by increased selling space.

Michelle Russell | 25 Apr 2012

Russian retailer O'Key saw its profits increase by more than 20% in 2011 thanks to increased sales and cost cuts.

Dean Best | 10 Apr 2012

First-quarter sales at Russian retailer O'Key were ahead of its expectations, the company said today (10 April).

Sam Webb | 19 Jan 2012

Russian food retailer O'Key has announced an increase in annual like-for-like sales.

Sam Webb | 13 Oct 2011

Russian retailer O'Key has seen its sales growth slow in the third quarter of the year.

Forgot your password?