Food Retail & Distribution

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Alon Blue Square Israel Ltd announces receipt of offer for acquisition of control of the Company

Friday, 5 Feb 2016 06:09am EST

Alon Blue Square Israel Ltd:Received an offer pursuant to which a company in the Zeevi Group would acquire 51% of the Company's outstanding shares from Alon Retail Ltd., a major Company shareholder, for NIS 85 million.In addition, the purchaser would obtain a three year option to acquire an additional 21% of the Company's shares from Alon Retail at the same price per share.As part of the transaction, the Company would enter into an arrangement with its bank lenders and other creditors, including a debt arrangement.

Axfood gives guidance on FY 2016 profit; proposes ordinary dividend for FY 2015 and extra dividend

Friday, 5 Feb 2016 01:30am EST

Axfood AB:Says proposes an ordinary dividend of 5.00 Swedish crowns per share for FY 2015 and an extra dividend of 4.00 crowns per share.Paid ordinary dividend of 4.25 crowns per share for FY 2014.Says ‍expects operating profit for FY 2016 to exceed outcome for FY 2015​​.Reported operating profit of 1.76 million Swedish crowns for FY 2015.FY 2016 EBIT 1.84 billion crowns-Thomson Reuters I/B/E/S.

HOB lowers consolidated full-year outlook and year-end dividend forecast for FY 2016

Friday, 5 Feb 2016 01:00am EST

HOB Co Ltd:Says the company lowered the consolidated full-year outlook for the FY ending June 2016.Revenue forecast decreased to 4,614 million yen from 5,083 million yen.Operating profit forecast decreased to 32 million yen from 104 million yen.Ordinary profit forecast decreased to 39 million yen from 105 million yen.Net profit forecast decreased to 0 yen from 65 million yen.Earnings per share decreased to 0.42 yen from 85.67 yen.Comments that season impact is the main reason for the forecast.Lowered year-end dividend forecast to 15 yen per share from 25 yen per share for FY ending June 2016.

VALOR plans to merge with unit

Thursday, 4 Feb 2016 11:00pm EST

VALOR CO LTD:Says the co to merge with its Gifu-based wholly owned subsidiary effective on April 1.Says the unit to be dissolved after the transaction.

SUPERVALU INC appoints new CEO

Wednesday, 3 Feb 2016 08:00am EST

SUPERVALU INC:Appoints Mark Gross President and Chief Executive Officer.Says Gross will succeed Sam Duncan, who has previously announced he will be retiring.Says Sam Duncan will be stepping down from the company's 11-person board of directors.

Performance Food Group Co reaffirms FY 2016 EBITDA outlook

Wednesday, 3 Feb 2016 06:31am EST

Performance Food Group Co:Reaffirms FY 2016 adjusted EBITDA growth outlook in the company's previously announced range of 9% to 12% and update it toward the top end of that range.

GS Holdings declares annual cash dividend for 2015

Wednesday, 3 Feb 2016 02:37am EST

GS Holdings Corp:To pay annual cash dividend of 1,500 won per share of common stock and 1,550 won per share of preferred stock for 2015.Dividend payment to shareholders of record on Dec. 31, 2015.Total dividend amount of 142,101,740,300 won.

GS Retail declares annual cash dividend for 2015

Wednesday, 3 Feb 2016 02:05am EST

GS Retail Co Ltd:To pay annual cash dividend of 850 won per share for 2015.Dividend payment to shareholders of record on Dec. 31, 2015.Total dividend amount 65,450,000,000 won.

CarrefourSA Carrefour Sabanci Ticaret Merkezi AS Names Ziya Hakan Ergin as new CEO

Wednesday, 3 Feb 2016 01:42am EST

CarrefourSA Carrefour Sabanci Ticaret Merkezi AS:CEO (General Manager) Mehmet Tevfik Nane decided to resign as of Feb. 8.Names Ziya Hakan Ergin as new CEO.

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