Buyer(s) found for Metro and Makro in Belgium –

Auchan inaugurates first Food market in Ivory Coast
French retailer Auchan has inaugurated its first Food market in Ivory Coast and plans to open 4 comfort retailers by The prime of this month. The primary outlet, spanning 900 sq. metres, is located Inside the municipality of Cocody in Abidjan. The 4 MyAuchan retailers will open their doorways by The prime of this month, collectively with one every in Cocody and Abobo and two in Yopougon.
Supply: esmmagazine.comĀ 

Belgium: Low cost chain Colruyt’s revenue falls as inflation, strong rivals take toll
Supermarket chain Colruyt reported a 25% decline in its full-yr earnings, citing extreme inflation, declining volumes in meals retailers and growing market competitiveness in each prices and promotions. Colruyt, acknowledged for its discount Food market chain, said its internet revenue fell to 288mln euros ($299.98mln) Inside the yr ended March 31, in the direction of 385mln euros a yr earlier, excluding one-off end outcomes. The group had anticipated a “vital to strong decrease” Inside the annual revenue.
Supply: reuters.comĀ 

Egypt: Spinneys opens a second retailer alongside the north coast
For the second time on the North Coast, Spinneys has hosted a launch ceremony to rejoice the opening of one other new retailer in Alamein. Located in Marina Valley proper reverse to Marina gate 5, The mannequin new retailer options an in-retailer bakery, a gourmand delicatessen and cheese counter, a poultry and meat part, and current fruit & greens …….


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