Locked content Biedronka the go-to store for 47% of Poles – survey

Nearly half (47 percent) of shoppers said that Biedronka is their primary source of FMCGs, up from 45 percent in 2016 and 44 percent in 2015. Altogether, discount stores were the go-to FMCG retailers for 55 percent of shoppers, according to research firm GfK’s survey. Kaufland was the primary place ...

Locked content Bounty Brands acquires FMCG firm Profi

FMCG company Bounty Brands Hokding Limited has acquired Polish soup and meat products producer Profi, Bounty Brands informed. “Profi is also developing in the rapidly expanding healthy food segments, such as meals ready to eat, fresh soups and lunch salads. Bounty Brands is planning on accelerating ...

Locked content Eurocash profit at PLN 52.5 mln in Q2

FMCG company Eurocash reported an attributable net profit of PLN 52.5 million in Q2 2016, which means 8 percent increase y/y, the company informed in a market filing. The company’s operating profit amounted to PLN 70 million, 7 percent less than in the previous year. Sales revenue grew by 3.1 percen...

Locked content Eurocash keen on Żabka in order to overtake Biedronka

Wholesale FMCG giant Eurocash is interested in taking over Poland’s biggest convenience store network Żabka, Eurocash CEO confirmed. “Eurocash is interested in new acquisitions, including taking over Żabka retailer,” Eurocash CEO Luis Amaral told Portuguese newspaper Jornal de Nego...

Locked content Czech deputy PM eyes acquisitions in Poland

Czech billionaire and deputy Prime Minister, Andrej Babis who purchased Good Food, a Polish firm from the fast-moving consumer goods sector (FMCG), this April is planning further purchases in Poland. According to media reports, Babis could spend some PLN 160 million (1 billion Czech crowns) on the P...

Locked content Eurocash’s profits fall, revenue up in H1

In the first half of the year, wholesale FMCG distributor Eurocash recorded a decline in its net profits, however it improved its sales revenue, a press release read. Consolidated net profits stood at PLN 45.2 million, compared with PLN 50.7 million (a decline of 4.2 percent) in the corresponding pe...

Locked content New FMCG firm on the horizon

WSE-listed GK Delko has signed a letter of intent with PPHU Specjał and Polski Tytoń in order to establish a new entity in FMCG sector, Puls Biznesu daily reported. Firms whose “offers dedicated to retail stores complement each other” may become shareholders of the new join-stock company...

Locked content Eurocash kickoffs LunchBox machines project

FMCG company Eurocash has launched its LunchBox machines project, the firm had recently registered the trademark. LunchBox slow food meals include breakfasts, lunches, deserts, snacks as well as coffee. The machines are available 24/7. Majority of the products are produced in Poland. A customer is a...

Locked content Hortex to acquire frozen food distributor

Food producer Hortex has signed a preliminary deal to acquire frozen food distributor Ren. Under the agreement, which has to be approved by the Office of Competition and Consumer Protection, Hortex will also acquire shares in a number of food distributors owned by Ren.  “The deal will allow Ren to i...