METRO GROUP divests Real’s Turkish operations to Hacı Duran Beğendik

  • Sale covers all twelve stores of Real in Turkey
  • Turkey remains one of the focus countries for METRO Cash & Carry andMedia-Saturn

Düsseldorf, Germany, 2014-6-30 — /EPR Retail News/ — METRO GROUP signed an agreement with Hacı Duran Beğendik about the divestment of Real’s Turkish operations. With this move, Real will fully focus on the successful development of its business in Germany. It was agreed not to disclose the purchase price. The transaction still requires approval by the responsible competition authorities in Turkey and is expected to be closed in summer 2014. Turkey remains an important focus country for METRO GROUP’s other sales linesMETRO Cash & Carry and Media-Saturn.

The divestment of Real Turkey to Hacı Duran Beğendik covers all twelve hypermarkets and the headquarters. Real Turkey generated sales of €256 millionin financial year 2012/13 and employs a workforce of around 1,800 employees.

METRO GROUP is one of the largest and most important international retailing companies. During the financial year 2012/13 (pro forma), it generated sales of about €66 billion. The company operates around 2,200 stores in 31 countries and has a headcount of around 250,000 employees. The performance of METRO GROUP is based on the strength of its sales brands that operate independently in their respective market segments: METRO/MAKRO Cash & Carry – the international leader in self-service wholesale – Media Marktand Saturn – the European market leader in consumer electronics retailing – Real hypermarkets and Galeria Kaufhof department stores.

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International Brand Ambassador Michael Doulton to hold two exciting events in Myer Queensland stores in July 2014

  • Myer Toowoomba on Saturday 26th July 2014, 11.30 – 1.30pm. Bookings Essential – (07) 4690 3120
  • Myer Cairns on Wednesday 23rd July 2014, 12-2pm. Bookings Essential – (07) 4044 7738

Melbourne, VictoriaAustralia, 2014-6-30 — /EPR Retail News/ — For almost 200 years Royal Doulton has earned itself the reputation for excellence, innovation, creativity, quality and distinctive design. From the company’s humble beginnings in 1815, Royal Doulton has evolved into one of the world’s most famous producers of fine china and the iconic lifestyle brand it is today.

Since 1976, international brand ambassador Michael Doulton has travelled the globe promoting the much loved and admired Royal Doulton brand. In July, Michael will be back visiting Australia and New Zealand to host the 2014 Michael Doulton Tour.

The exciting 2014 tour theme is ‘Celebrating Royalty’ which focuses on the new Young Queens Collection featuring three limited edition figurines of Queen Elizabeth I, Queen Victoria and Queen Elizabeth II. This collection is a special range which upholds a century old tradition of creating figurines inspired by landmark characters of history. Royal Doulton has held a long association with the British royal family including a heritage of royal commissions.

We invite Myer customers to attend the events, please ring to secure a place at your preferred event. Any Royal Doulton tour purchases made on the day will be personally signed by Michael Doulton!

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Queen Elizabeth II Height 22cm AU$249.00 Limited Edition of 2,000

Queen Elizabeth II Height 22cm AU$249.00 Limited Edition of 2,000

 

Delhaize Group announced capital structure disclosure in accordance to the requirements of Belgian law

BRUSSELS, Belgium, 2014-6-30 — /EPR Retail News/ — Delhaize Group (Euronext Brussels: DELB – NYSE: DEG), the Belgian international food retailer, discloses the information required under article 15, § 1 and 18, § 1 of the Law of May 2, 2007 regarding the disclosure of major shareholdings in listed companies following a capital increase resulting from the exercise of subscription rights by employees.

Information as of June 25, 2014 :

·         Total outstanding capital: € 51 336 401.50

·         Total number of outstanding ordinary shares: 102 732 803

·         Total number of outstanding subscription rights (each right entitles the holder to subscribe to one new ordinary share): 2 778 234

Pursuant to Delhaize Group’s Articles of Association, the threshold as from which a shareholding needs to be disclosed has been set at 3%.

Notifications of important shareholdings to be made according to the Law of May 2, 2007 or Delhaize Group’s Articles of Association should be sent to investor@delhaizegroup.com.

» Delhaize Group

Delhaize Group is a Belgian international food retailer present in eight countries on three continents. At the end of the first quarter of 2014 Delhaize Group’s sales network consisted of 3 520 stores. In 2013, Delhaize Group posted €20.9 billion ($28.0 billion) in revenues and €179 million ($237 million) in net profit (Group share). At the end of 2013, Delhaize Group employed approximately 160 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the websitehttp://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

» Contacts

Investor Relations: + 32 2 412 2151

Media Relations:    + 32 2 412 8669

 

cautionary note regarding forward looking statements

 

Statements that are included or incorporated by reference in this press release and other written and oral statements made from time to time by Delhaize Group and its representatives, other than statements of historical fact, which address activities, events and developments that Delhaize Group expects or anticipates will or may occur in the future, including, without limitation, changes in executive management, anticipated investments in Delhaize Group’s operations in  the United States, Belgium, or other countries, timing or savings from store closures, and the anticipated benefits from any new strategies and operating profit guidance, are “forward-looking statements” within the meaning of the U.S. federal securities laws that are subject to risks and uncertainties. These forward-looking statements generally can be identified as statements that include phrases such as “guidance,” “outlook,” “projected,” “believe,” “target,” “predict,” “estimate,” “forecast,” “strategy,” “may,” “goal,” “expect,” “anticipate,” “intend,” “plan,” “foresee,” “likely,” “will,” “should” or other similar words or phrases. Although such statements are based on current information, actual outcomes and results may differ materially from those projected depending upon a variety of factors, including, but not limited to, negotiations with unions; disruptions to business caused by strikes; changes in the general economy or the markets of Delhaize Group, in strategy, in consumer spending, in inflation or currency exchange rates or in legislation or regulation; competitive factors; and supply or quality control problems with vendors. Additional risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements are described in Delhaize Group’s most recent Annual Report on Form 20-F and other filings made by Delhaize Group with the U.S. Securities and Exchange Commission, which risk factors are incorporated herein by reference. Delhaize Group disclaims any obligation to update developments of these risk factors or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments.

AHOLD REPURCHASED 2,520,031 AHOLD COMMON SHARES FOR € 34.41 MILLION BETWEEN JUNE 23 AND 27, 2014

Zaandam, the Netherlands, 2014-6-30 — /EPR Retail News/ — Ahold has repurchased 2,520,031 Ahold common shares in the period from June 23, 2014 up to and including June 27, 2014.

The shares were repurchased at an average price of € 13.6546 per share for a total consideration of € 34.41 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 118,989,051 common shares for a total consideration of € 1,544.20 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.

Wesfarmers completes the sale of its insurance underwriting operations in Australia and New Zealand to Insurance Australia Group

Perth, Australia, 2014-6-30 — /EPR Retail News/ — The sale of Wesfarmers’ insurance underwriting operations in Australia and New Zealand to Insurance Australia Group, announced on 16 December 2013, has now been completed.

As previously announced, Wesfarmers expects to record a pre-tax profit on the sale of approximately $700 million to $750 million, which will be included in the financial results for the 2014 financial year. The final sale proceeds and profit impact are subject to the completion accounts.

Wesfarmers Managing Director Richard Goyder welcomed completion of the transaction which he said would deliver value to shareholders while offering the customers and employees of the businesses the opportunity to remain with an established leading insurance organisation.

“I sincerely thank the Boards, management and team members of our insurance underwriting operations for their outstanding efforts leading up to the transaction and for the professional manner in which they have managed the business during the period through to completion,” Mr Goyder said.

For further information: Media
Cathy Bolt
Media & External Affairs Manager
+61 8 9327 4423 or +61 417 813 804

Investors
Mark Scatena
General Manager, Investor Relations & Planning
+61 8 9327 4416 or +61 439 979 398

RILA endorsed legislation introduced by Senator Johnny Isakson (R-GA) that repeals the automatic enrollment provision of the Affordable Care Act

Senator Isakson’s Bill Helps Employers Avoid Complex Administrative Challenges

Arlington, VA, 2014-6-30 — /EPR Retail News/ — The Retail Industry Leaders Association (RILA) endorsed legislation introduced by Senator Johnny Isakson (R-GA) that repeals the automatic enrollment provision of the Affordable Care Act (ACA). The bill, the Auto Enroll Repeal Act, S. 2546, reduces the complex administrative challenges imposed on retailers under the health law.

“RILA appreciates Senator Isakson’s leadership in repealing this provision under the Patient Protection and Affordable Care Act (ACA) which forces employers to automatically enroll an employee into a health plan that he or she may not want or need,” said Christine Pollack, vice president of government affairs at RILA.

In a letter to Senator Isakson yesterday afternoon, RILA states that under the automatic enrollment provision, employers with workforces of 200 or more must automatically enroll employees in health coverage plans if one is not voluntarily chosen or coverage is not declined by an employee. Automatic enrollment may cause substantial confusion for employees who may already be eligible for coverage under a spouse’s plan, a parent’s plan or a government plan.

“The auto-enrollment mandate, which forces businesses to enroll employees in a health plan even if they already have coverage, is just one more example of the ‘Washington-knows-best’ mentality that has made this law such a disaster,” Senator Isakson said. “Repealing this unworkable mandate is an important step toward starting over with real health reforms that put patients first.”

Additionally, automatic enrollment would cause significant administrative burdens to businesses in the retail industry due to the high turnover rates of their workforces.

“The automatic enrollment provision is duplicative of the law’s individual and employer mandates. As retailers work to comply with the law it is important that Congress make commonsense adjustments and repeal provisions such as auto enroll which will be too administratively burdensome and complex for retailers to comply with and for the federal government to implement,” Pollack continued.

RILA also endorsed the Auto Enroll Repeal Act, H.R. 1254, introduced in the House of Representatives last year by Congressman Richard Hudson (NC-08) and Congressman Robert Pittenger (NC-09). In February, 2012, the Labor Department acknowledged employer concerns about the complexities associated with implementing this provision (Notice 2012-17). The Labor Department has not yet issued regulations for this requirement.

RILA, the trade association of the world’s largest and most innovative retail companies, product manufacturers, and service suppliers, promotes consumer choice and economic freedom through public policy and industry operational excellence. Our members provide millions of jobs and operate more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad. RILA members offer quality and affordable health care to their employees and dependents, and are leaders in benefits design by customizing plans to meet their workforces’ specific needs.

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Allie Brandenburger
Director, Communications
Phone: 703-600-2063
Email: allie.brandenburger@rila.org

Russia’s largest food retailer “Magnit” opens the 57th “Magnit Family” store

Krasnodar, 2014-6-30 — /EPR Retail News/ — OJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the 57th “Magnit Family” store.

Please be informed that today the Company has opened its 57th “Magnit Family” store located at 205, Tamanskaya street, Yeysk, Krasnodar region, Southern federal district. Assortment of the store consists of about 9,300 SKUs, out of which about 80% 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 10 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.