Food industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

RUSSIA: Space, LFL growth lifts O'Key result

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.

RUSSIA: O'Key appoints ex-Wimm-Bill-Dann boss as CEO

29 Jan 2014

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

RUSSIA: Retailer O'Key claims "industry-leading" LFL growth

24 Jan 2014

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

RUSSIA: O'Key Group records "successful" Q3

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.

RUSSIA: O'Key H1 earnings climb

30 Aug 2013

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

RUSSIA: O'Key to reinvest in price proposition

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.

RUSSIA: O'Key records "strong" H1 sales growth

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.

RUSSIA: O'Key owners have "no plans" to sell retailer

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.

RUSSIA/UK: Retailer Lenta "in talks over listing"

29 May 2013

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

RUSSIA: O'Key books jump in sales, profits

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.

RUSSIA: Retailer O'Key reports "healthy" Q1 sales

11 Apr 2013

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

RUSSIA: O'Key sees Q4 sales growth

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.

GERMANY: Auchan buys Metro's Real eastern Europe unit

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).

GERMANY: Metro silent over Auchan talks for Real deal

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.

GERMANY: Metro tight-lipped over Real eastern European sale talks

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.

GERMANY/RUSSIA: Metro "unchanged" on Real despite takeover talk

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.

RUSSIA: O'Key records Q3 sales climb

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.

RUSSIA: O'Key sets out store expansion investment

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.

RUSSIA: H1 profits up at retailer O'Key

30 Aug 2012

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

BRICs and beyond: Russia's X5 struggles to deliver on strategic objectives

22 Aug 2012

X5 Retail Group has had a turbulent year. Management changes and a significant strategic shift that has sidelined the importance of M&A to the group's expansion plans have combined with an intensely competitive market to leave Russia's largest retailer losing share to its peers. Katy Askew suggests the next 12 months will be telling for the company.

On the move: X5 CEO Gusev's departure offers cause for concern

16 Jul 2012

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 Saturday (14 July). The market responded negatively to fears that an unstable management team will be unable to drive growth as X5 struggles to improve organic sales trends. The sudden nature of the announcement and lack of clarity over the reasons for Gusev's departure augmented these concerns. Katy Askew reports.

RUSSIA: Retailer O'Key reports Q2 sales up one-quarter

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.

RUSSIA: O'Key FY profits climb on cost savings

25 Apr 2012

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

RUSSIA: Retailer O'Key Q1 sales beat company forecast

10 Apr 2012

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

RUSSIA: O'Key announces FY LFL sales growth

19 Jan 2012

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

RUSSIA: O'Key sales growth slows

13 Oct 2011

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

RUSSIA: O'Key profits up despite higher costs

1 Sep 2011

Russian retailer O'Key has hailed a successful year so far after reporting a 12% rise in half-year profits despite a difficult trading environment.

RUSSIA: Retailer O'Key sees Q2 sales accelerate

12 Jul 2011

Russian retailer O'Key today (12 July) reported faster sales growth in the second quarter of 2011 as the company recovered from a fatal accident at one of its stores in January.

RUSSIA: Retailer O'Key sees profits jump in 2010

3 May 2011

Russian grocery retailer O'Key's net profit jumped during 2010, more than quadrupling to reach RUB3bn (US$109.6m).

RUSSIA: O'Key results hit by roof collapse

8 Apr 2011

Russian grocery retailer O'Key said today that its were hit by reduced traffic following the collapse of a roof in one of its St Petersburg stores.


Forgot your password?