Aug 25- Russia's consumer safety watchdog Rospotrebnadzor said it had asked retailers to withdraw some batches of detergents made by foreign companies including Henkel& Co and Procter& Gamble as they did not meet toxicological safety criteria. Russia banned many food imports from the European Union and the United States last year in retaliation to their...
*Buys Singapore-based Classic Fine Foods. *Fewer new stores planned in Russia. DUESSELDORF, Aug 6- German retailer Metro AG has bought Singapore- based restaurant supplier Classic Fine Foods Group from private equity group EQT for $290 million to help it expand in the food delivery business in Asia and Europe.
TORONTO, June 14- Canadian department store operator Hudson's Bay Co will announce a 2.825 billion euro deal for Metro AG's department store chain Kaufhof on Monday, according to a source familiar with the matter. Sources had previously told Reuters that Hudson's Bay was in the lead to buy the German chain, and had made a non-binding offer for Kaufhof with a value...
*Hope to accelerate store openings in Russia if crisis ends. BERLIN, May 7- German retailer Metro AG plans to significantly increase investment in its business in the next five years and seek out acquisitions as it aims to accelerate sales growth and profitability after emerging from years of restructuring. Europe's fourth-biggest retailer said on Thursday...
MOSCOW, April 23- Russian home electronics retailer M.video aims to achieve flat sales in the first three quarters of 2015 compared with a year ago, outperforming a declining market hit by falling consumption, its chief executive said. Russia's economy is sliding into recession, dragged down by Western sanctions imposed on Moscow over its policy in Ukraine and...
Few countries have invested more heavily in Russia than Germany after the Cold War ended. But now the rush is going in reverse. The NYT reports.
Retail sales growth in the U.K. accelerated at its fastest pace in almost 26 years – just as the industry is preparing itself for major downsizing.
European markets closed higher on Thursday as European Central Bank President Mario Draghi hinted at possible stimulus measures next month.
European equities extended a two-week sell-off to close lower on Thursday, as investors booked profits on heightened fears that the U.S. Federal Reserve could act soon start to unwind its bond-buying program.
European equities closed higher as investors remained cautious ahead of the release of the minutes from the Federal Open Market Committee's October meeting.
Tesco will slash its China exposure by taking just 20 percent of a venture with a state-run company, a deal that underlines the travails foreign retailers have had in the Chinese market.
European shares closed higher on Thursday as investors reacted to strong U.S. and European data, as well as rate decisions from the European Central Bank (ECB) and the Bank of England (BoE).
European shares closed higher on Wednesday, mirroring gains in the U.S. after Federal Reserve Chairman Ben Bernanke reiterated his commitment to maintaining loose monetary policy. However, both European and U.S. shares pared some gains after Bernanke's more hawkish comments in the Q&A session.
Best Buy's move to exit Europe has many on Wall Street hoping the big box retailer does the same in China.
European shares pared their earlier gains to close narrowly mixed Wednesday as investors watched to see if Russia will extend or increase its loan agreement for struggling Cyprus.
German billionaire Otto Beisheim, one of the founders of German retail group Metro , took his own life after being diagnosed with an incurable illness, his family company said on Monday.
European shares ended mostly flat on Wednesday, bouncing off intraday lows as many investors used the early dip to boost their exposure to equities.
--We believe that Germany- based retailer Metro AG's. profitability will continue to weaken as indicated by the company's 2012 EBIT revision to EUR2 billion from almost EUR2.4 billion. Rating Action On Oct. 11, 2012, Standard& Poor's Ratings Services revised its long-term corporate credit rating on German retailer Metro AG to' BBB-' from' BBB'.
FRANKFURT, Oct 9- Metro AG:.
*Moody's lowers Metro AG to baa3; outlook stable.