Pfeiffer Group invests in Zielpunkt

Categories
Business

An Upper Austrian food industry company has purchased a Zielpunkt stake of nearly 25 per cent. The Traun-based Pfeiffer Group announced yesterday (Thurs) it acquired a 24.9 per cent interest in its Viennese rival. The company, which concentrates on the management of supermarkets in Upper Austria, did not say how much it paid for the […]

Rewe International increases its turnover in Austria

Categories
Business

Leading supermarket company Rewe International AG said its turnover in Austria soared at over seven billion Euros last year.The company, which handles the Austrian business activities of the German Rewe Group, said today (Fri) that it achieved a turnover of 7.04 billion Euros in 2010, up by 1.83 per cent compared to 2009.Rewe International said […]

Shops raked in more last year

Categories
Business

The turnover of Austria¬ís retail trade soared by nearly three per cent year on year in 2010, it has been announced.Researcher KMU Forschung Austria said today (Tues) that shops in the country generated an overall turnover from sales of 50.1 billion Euros after taxes, 2.7 per cent more than in 2009. It pointed out that […]

‘Dynamic’ Russia attracts Rewe

Categories
Business

Rewe Group boss Frank Hensel has praised Russia as an “extremely dynamic market”.Hensel said today (Thurs): “We would carry out our expansion there twice as fast if we could, but there are always some problems with property ownership issues. Russia is an extremely dynamic market though.”The German company currently runs 68 Billa supermarkets in the […]