Food Retail & Distribution

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Heracles SA announces reorganisation, chairman resigns

2:30am EST

Heracles SA:Announces reorganisation after validation of recovery plan by Commercial Court in Paris.Will merge Heracles and Ares, which is holding 1855 and ChateauOnline brands.Says 1855ec and Cave Privee will merge to create platform for e-commerce Plan implies liquidation of subsidiary Caves de la Transat.Says as part of continuation plan will create trust fund for financial partners of group with 24.5 million shares or 43.8 pct of capital.Creation of trust means no money for externalization of Aphrodite, holding of founders of group.Says after operation Aphrodite will not hold any shares in Heracles anymore.Says Emeric Sauty de Chalon will leave all his functions once AGM has been held.

Jeronimo Martins SGPS SA gives outlook for Q4/2014

Thursday, 27 Nov 2014 12:11pm EST

Jeronimo Martins SGPS SA:Says, due to the market performance and volume growth, is confident on the sales’ trend for Q4.Confirms store expansion for 2014 will be running only up to the end of Oct., with the consequent reduction of capex programme for 2014.

Kesko Oyj to restructure divisions; cuts 227 jobs

Thursday, 27 Nov 2014 02:01am EST

Kesko Oyj:Kesko to change its divisional structure and seek more competitive multi-channel home and speciality goods trade.Starting from Jan. 1, 2015, Kesko Group's reportable segments will be the grocery trade, the home improvement and speciality goods trade, and the car and machinery trade.Says building and home improvement trade and the home and speciality goods trade will be combined into the home improvement and speciality goods trade division.Says will reduce 193 jobs as a result of the negotiations regarding the division restructuring.Says will also cut 34 jobs from VV-Auto and VV-Autotalot.

Woolworths Ltd reaffirms FY 2015 net income guidance - Conference Call

Wednesday, 26 Nov 2014 08:00pm EST

Woolworths Ltd:Reaffirms guidance for FY 2015 growth in net profit after tax of between 4pct and 7pct.Reported net profit of A$2.542 billion in FY 2014.FY 2015 net profit of A$2.588 billion - Thomson Reuters I/B/E/S.


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Provider: Bohai Securities Co.,Ltd.
Provider: Wright Reports
Provider: Wright Reports
Provider: GlobalData
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