Carrefour to acquire DIA France for enterprise value of 600 million euros

PARIS, 2014-6-23 — /EPR Retail News/ — Carrefour announces, as part of an exclusivity agreement with DIA, the signature of a put option with a view to acquire DIA France for an enterprise value of 600 million euros.

With more than 800 stores totaling nearly 550,000 m² to date, DIA France recorded sales under banners of 2.3 billion euros in 2013.

This transaction would contribute to the growth of Carrefour’s multiformat store network in its domestic market and would allow Carrefour to best serve its customers by offering services tailored to the evolution of their consumption habits.

The completion of the transaction is subject to the signature of final agreements following consultations with DIA France’s employee representative bodies and to the approval of the relevant antitrust authorities.

###

Glen Tully receives Global Co-operator Award from The Canadian Co-operative Association and Co-operative Development Foundation of Canada

Saskatchewan, Canada, 2014-6-23 — /EPR Retail News/ — The Canadian Co-operative Association and Co-operative Development Foundation (CDF) of Canada recognized Glen Tully with the Global Co-operator Award for his commitment to its international development work. The award was presented June 16 at the Canadian Co-operative Association and Co-operatives and Mutuals Canada Congress in Moncton, N.B.

Tully is the co-chair of CDF’s Build a Better World campaign, which has a goal to raise $12 million by 2016. He encouraged people to make donations in honour of his retirement from being Federated Co-operatives Limited’s President and Chair of the Board in March. He personally matched the first $7,500 and has raised $17,900 for the campaign.

“I think this is a little bit of what as co-operatives we can give back to society that makes society and the world a better place to live,” Tully said of the campaign. “I believe it’s about sharing the impact that a relatively small contribution in our terms and the difference it can make in developing countries to alleviate poverty.”

The Global Co-operator Award is the highest honour presented to an individual or organization that has consistently demonstrated an extraordinary commitment to the international development work of the CDF. The awards committee considers leadership, lasting achievement and continued engagement in their decision.

Tully has previously been awarded the Canadian Co-operative Achievement Award in 2009.

###

Barry Delaney (right), Vice-Chair of the Co-operative Development Foundation (CDF) of Canada, presents Glen Tully with the Global Co-operator Award.

Wegmans Food Markets donated $25,000 to Achievement Center of Erie, PA to help fund the construction of outdoor play therapy area at Millcreek Township

ERIE, PA, 2014-6-23 — /EPR Retail News/ — Wegmans Food Markets has donated $25,000 to the Achievement Center of Erie, PA to help fund the construction of an outdoor play therapy area at the Center’s new location in Millcreek Township. Expected to open early this fall in what was formerly a Walmart store, the site will house Erie Homes for Children and Adults and the Achievement Center’s new space.

“They do so many wonderful things for children with a wide range of special needs at the Achievement Center,” said Katie Duchnowski, store manager for Wegmans’ Erie store. “They work with children from birth to age 21, their services bring about better outcomes for the children and their families, and they help regardless of the family’s income. The difference they make is so important to this community that we wanted to be good neighbors and show our support.”

The Achievement Center has served the region’s most developmentally, physically and emotionally challenged children for over 90 years. As the number of children the agency served expanded, it outgrew its space on West 6thrd Street in Erie. The move to Millcreek Township opens the door to consolidating operations into one location, increasing space for treatment, and updating treatment equipment and information technology resources. The move will allow the Center to serve another 700-750 children over the next five years.

“All children learn about their world through play,” said Rebecca Brumagin, Executive Director of the Achievement Center “But for children diagnosed with physical, developmental, emotional or behavioral issues, play can also be a powerful form of therapy that helps them gain skills to meet their challenges more successfully. That’s why this donation from Wegmans, which we will use to build one of two outdoor play therapy areas for children enrolled in our programs, is so important.”

The Achievement Center estimates the cost of buying and renovating its new home at about $6 million. A capital campaign called “Beyond Expectation,” with the aim of raising $1.5 million, will help reach that goal.

“The Center has such a strong record of providing life-changing services to thousands of families in the Greater Erie area that we view this donation as an investment in our community’s future,” said Duchnowski.

About the Achievement Center 

  • More than 400 highly qualified pediatric therapists, physicians and clinical support staff serve 3,500 children from four counties in Pennsylvania and Western New York State.
  • Helps children from birth to age 21 with developmental delays, cognitive challenges, mental health diagnoses, behavioral/emotional issues, or autism spectrum and ADHD disorders.
  • Provides services that reduce the need for hospitalization, residential treatment, specialized schools and foster care.
  • Engages the whole family in therapy; helps parents acquire therapeutic skills and knowledge.
  • Treats autistic children to the extent possible at their regular schools to better integrate them into their classrooms.
  • The Center’s therapists have advanced levels of education and experience in pediatric fields. Of year-round therapists, 63% hold masters degrees, 33% hold bachelor’s degrees, and five individuals hold doctoral degrees.

##

Wegmans Food Markets, Inc. is an 84-store supermarket chain with stores in New York, Pennsylvania, New Jersey, Virginia, Maryland, and Massachusetts. The family-owned company, founded in 1916, is recognized as an industry leader and innovator. Wegmans has been named one of the ‘100 Best Companies to Work For’ by FORTUNE magazine for 17 consecutive years.  In 2014, Wegmans ranked #12 on the list.

Contact Information:  Michele Mehaffy, Consumer Affairs Manager, Buffalo Division, 716-685-8170

Morrisons announces another round of price cuts that will lead to 135 everyday products becoming permanently cheaper

Bradford, England, 2014-6-23 — /EPR Retail News/ — Morrisons announces another round of price cuts, taking effect on Monday (23 June), that will lead to 135 everyday products becoming permanently cheaper.

The latest round of cuts will see prices slashed by as much as 41%, with an average reduction of 14%. Cuts will be across a mix of everyday products, predominantly in the grocery and household areas of store. They will include an even split of big-brand and own-brand products.

The announcement comes in the same week as a sharp fall in inflation and the first decrease in food prices for eight years. Morrisons launched its I’m Cheaper price cuts on 1 May 2014 reducing the cost of 1,200 products by an average of 17 per cent. According to the Office for National Statistics, food prices across the sector have fallen by 0.6% and Morrisons is an important contributor to easing the pressure on household budgets.

Examples of the latest price cuts:

Item Old price New price Saving %
Morrisons Peeled Plum Tomatoes 400G £0.55 £0.39 29.1%
Rocky Bars 8pk £1.69 £1.00 40.8%
Morrisons P&L Tuna Steak in Water 200G £1.29 £1.19 7.8%
Allinson White Flour 1.5kg £1.72 £1.50 12.8%
Morrisons Mushroom Stir Fry £1.29 £0.99 23.3%
Flash Spray Bleach 500ml £2.00 £1.50 25.0%
Morrisons Crinkle Cut Oven Chips 900G £1.15 £1.00 13.0%
Whiskas Fish Choice 12x100g £3.68 £3.50 4.9%
Morrisons Giant Pineapple £2.00 £1.25 37.5%
Don Mario Canned Tomatoes 400g £1.09 £0.69 36.7%

Morrisons Chief Executive, Dalton Philips said:
“This is another major price reduction programme. We are making a real difference to the cost of the weekly family shop by reducing prices on products that our customers use regularly. These are permanent price cuts, not promotions, and they won’t be the last.”

Morrisons lower prices will be included on its pioneering Price Checker website. Offering unprecedented transparency, the site (powered by mysupermarket.co.uk), gives customers the ability to view the pricing history of an item – so they can decide whether an item is a bargain or not.

Russia’s largest food retailer Magnit opens 55th “Magnit Family” store

Krasnodar, 2014-6-23 — /EPR Retail News/ — OJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the 55th “Magnit Family” store.

Please be informed that today the Company has opened its 55th “Magnit Family” store located at 11, Chistopolskaya street, Kazan, Republic of Tatarstan, Volga federal district. Assortment of the store consists of about 9,900 SKUs, out of which about 90% are food items. There are 13 cash desks
installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9 am to 11 pm.

For further information, please contact:

Timothy Post
Director, Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Dina Svishcheva
Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-4554 x 15101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562

Company description:
Magnit is Russia’s largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of March 31, 2014, Magnit operated 23 distribution centers and over 8,200 stores (7,341 convenience, 215 hypermarkets, and 700 cosmetics) in more than 1,905 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS consolidated financial statements for 2013, Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 million USD. Magnit’s local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor’s of BB. Measured by market capitalization, Magnit is one of the largest retailers in Europe.

Scotherbs to supply Sainsbury’s range of fresh cut herbs

LONDON, 2014-6-23 — /EPR Retail News/ — Scotland’s fresh herb grower and packer, Scotherbs has secured a deal to supply Sainsbury’s range of fresh cut herbs. Available in supermarkets across Scotland, Northern Ireland and North West England, products range from coriander to mint.

Sainsbury’s has worked with Scotherbs since 2009 having established a regional supply base of branded herbs before an extended move to a 20-strong own brand range. The new deal will bring their fresh herbs to select supermarkets throughout the year. During May to September, 80% of the herbs will be grown from local land farmed by Scotherbs and packed at their site in Longforgan, Perthshire.

Scotherbs grow their herbs predominately across 250 acres of southern facing slopes in Tayside, which feature ideal growing conditions of naturally irrigated soils with typically dry, sunny seasonal weather. Outside of the home growing season, herbs are sourced from a range of specialist growers to meet Sainsbury’s standards, such as Rosemary coming from Turkey and Parsley grown in Spain.

Andrew Restall, Sainsbury’s fresh herbs buyer said: “We’ve worked with Scotherbs on a local basis for five years, it’s fantastic to see a local Perthshirecompany with so much passion continue to prosper.”

Sainsbury’s now sources 25 pre-packed fresh herb products ranging from parsley to lemon thyme from Scotherbs which is a great addition to our own brand range. Sainsbury’s has strong relationships in Scotland across both our branded and own brand products. Within the last year Sainsbury’s has launched 100 branded products in Scottish stores, working with 70 local suppliers. We also work with over 300 Scottish farmers and growers as part of our Development Groups.

Ronnie Leggett, Managing Director at Scotherbs continues: “We’re delighted to announce at the Royal Highland Show that we’re extending our range within Sainsbury’s stores. With our experience as growers and being part of the Sainsbury’s Produce Development Group we’ve seen the benefit of sharing best practice to address challenges and enhance the shopper herb offering.”

Scotherbs started in 1988 initially serving local restaurants and shops in the Scottish market. Since that time the business has developed to be the grower, packer and marketer of large volume of fresh herbs in Scotland, serving retail, foodservice and food manufacturing sectors across the UK.

Notes to editors

  • There are 20 products in the range including fresh coriander, mint and parsley.
  • Prices range from 80p to £1.50
  • We work with over 300 Scottish farmers and growers, who supply us with the majority of their produce, as part of our Development Groups.
  • We work with 70 regional suppliers in Scotland to provide our Scottish stores with over 550 lines specific to the Scottish market.
  • Last year we launched over 100 new regional branded lines into our Scottish stores
  • We have 82 stores in Scotland, employing over 8,300 people
  • Sainsbury’s has a stand at this year’s Royal Highland Show where we will be showcasing some of our fabulous own-brand Scottish-produce and celebrating our partnerships with the farmers and growers supplying us

AHOLD REPURCHASED 2,622,529 AHOLD COMMON SHARES FOR € 35.36 MILLION BETWEEN JUNE 16 AND 20, 2014

Zaandam, the Netherlands, 2014-6-23 — /EPR Retail News/ — Ahold has repurchased 2,622,529 Ahold common shares in the period from June 16, 2014 up to and including June 20, 2014.

The shares were repurchased at an average price of € 13.4815 per share for a total consideration of € 35.36 million. These repurchases were made as part of the € 500 million share buyback program announced on February 28, 2013 as increased by € 1.5 billion to a total amount of € 2 billion announced on June 4, 2013.

The total number of shares repurchased under this program to date is 116,452,642 common shares for a total consideration of € 1,509.79 million.

During the share buyback program, Ahold publishes a press release every Monday with a weekly update. Click here to view all the relevant information of these these weekly updates. Separate weekly press releases are available upon request. Please send an email to communications@ahold.com if you would like to receive one or more of these weekly releases.

US Foods opened wholesale food and restaurant supply store CHEF’STORE in Tempe, Arizona

New Food and Restaurant Supply Store Provides Food Industry Professionals with Everything They Need to be Successful at Competitive Prices Seven Days a Week 

Rosemont, Ill., 2014-6-23 — /EPR Retail News/ — US Foods today opened the country’s fourth CHEF’STORE in Tempe, Ariz. CHEF’STORE is a wholesale food and restaurant supply store featuring an assortment of more than 6,000 pantry staples, specialty products and other must-have items for chefs, restaurant owners and other food industry professionals.

“CHEF’STORE features everything from fresh produce and meats to pantry staples and cookware and makes getting the right products at the right prices easier than ever for chefs and restaurateurs,” said David Schreibman, executive vice president of strategy and business development, US Foods. “With its expansive selection, wholesale prices and no membership fee, CHEF’STORE is now the destination for Tempe area chefs and food lovers looking to buy great food.”

The 60,000 square-foot store employs about 40 local residents and membership is free and open to everyone. CHEF’STORE is conveniently located at 3115 S McClintock in Tempe and easily accessible from anywhere in the area.

“CHEF’STORE is the answer for Tempe-area chefs and restaurant owners looking for a convenient way to get everything they need seven days a week,” said Steve Humphreys, region president, US Foods. “With its intuitive layout and wide easy to maneuver aisles, customers can get in and out quickly and back to business.”

Food safety is a top priority for US Foods and the temperature controlled areas in the store ensure that food is always kept at its proper temperature. Through its Stay Cool program, CHEF’STORE provides complimentary frozen gel packs and offers cooler bags and other products to ensure proper food temperature when customers transport perishables.

“CHEF’STORE is going to change the way local food industry professionals shop,” Humphreys said. “We’ve designed every aspect of the store to cater to our customers’ needs and make the shopping experience as easy as possible. With products in our store 2 of 2 available in case and individual quantities, CHEF’STORE makes getting all the quality products our customers need and expect from US Foods even easier.”

The additional CHEF’STORE locations can be found in Charlotte, North Carolina, Oklahoma City, Oklahoma and Columbia, South Carolina.

To learn more about CHEF’STORE, visit www.usfoods.com/chefstore.

About US Foods
As one of America’s great food companies and leading distributors, US Foods is Keeping Kitchens Cooking™ and making life easier for customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. With approximately $22 billion in annual revenue, the company offers more than 350,000 products, including high-quality, exclusive brands such as the innovative Chef’s Line®, a time-saving, chef-inspired line of scratch-quality products, and Rykoff Sexton®, a premium line of specialty ingredients sourced from around the world. The company proudly employs approximately 25,000 people in more than 60 locations nationwide. US Foods is headquartered in Rosemont, Ill., and jointly owned by affiliates of Clayton, Dubilier & Rice LLC and Kohlberg Kravis Roberts & Co. L.P. Discover more at www.usfoods.com.

Contact

Lisa Lecas, Manager
Corporate Communications, US Foods
Office: 847-720-8243
Lisa.Lecas@usfoods.com

The Scottish Retail Consortium calls on the Government to help keep down the cost of doing business and assist retailers to expand and create jobs

LONDON, 2014-6-23 — /EPR Retail News/ — The Scottish Retail Consortium (SRC) is calling on the Scottish Government to do more to help keep down the cost of doing business and cost of living, and assist retailers to expand and create jobs.

In a new paper ‘Scottish Retail: Creating Jobs, Investing in Communities, Boosting Growth’ submitted to the devolved administration’s Finance Secretary earlier this month, the SRC has put forward 24 detailed policy recommendations across five key areas – business rates, taxation, charges and levies, regulation, and infrastructure and skills.

The detailed submission from the leading trade association comes ahead of the expected publication this autumn of the Scottish Government’s spending and taxation plans for 2015/16.

The retail industry is Scotland’s largest private sector employer, providing 255,000 jobs, and the SRC’s members include well known high street, online and grocery retailers.

The SRC’s recommendations include:

– Ensuring the business poundage rate rises no faster than elsewhere in the UK
– Implementing the promise not to renew the £95 million rates levy on larger retailers
– Maintaining the council tax freeze or holding any rises to a minimum
– Keeping the rates of the newly devolved taxes competitive
– Reviewing the proliferation of government-inspired self-regulation, voluntary agreements and codes of practice
– A building standards system which better facilitates retail investment and expansion
– Greater levels of investment in town centres and transport infrastructure

David Lonsdale, the Director of the Scottish Retail Consortium, commented: “We fully support the Scottish Government’s objective of increasing sustainable economic growth.

“The retail industry has a great story to tell in terms of creating jobs and investing in our communities, and the Scottish Government’s next Budget provides a fantastic opportunity to assist the sector to further build on its strong record.

“That is why our members believe that at the heart of the Scottish Government’s next tax and spending plans should be measures which help keep down the cost of doing business and cost of living, provide for a smarter regulatory environment, and give retailers the tools to grow.”

ENDS

Note to editors: The Scottish Retail Consortium’s submission to the Scottish Government on its Budget for 2015/16 can be downloaded by clicking on the link to the right.

For further information contact:

David Lonsdale
SRC Director
07801 629088
david.lonsdale@brc.org.uk

Or

David Martin
SRC Head of Policy & External Affairs
07880 039743
david.martin@brc.org.uk

British Retail Consortium, 21 Dartmouth Street, Westminster, London, SW1H 9BP. 020 7854 8900. info@brc.org.uk