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Food Retail & Distribution

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Daikokutenbussan to merge with Okayama-based unit

Wednesday, 23 Aug 2017 05:44am EDT

Aug 23 (Reuters) - Daikokutenbussan Co Ltd <2791.T>:Says it plans to merge with a Okayama-based wholly owned unit on Sept. 30, which is mainly engaged in production and sales of bread and confectionery .Says the unit will be dissolved after merger.

Liquor Stores posts qtrly adj share $0.11

Wednesday, 9 Aug 2017 11:35pm EDT

Aug 9 (Reuters) - Liquor Stores Na Ltd :Liquor Stores NA Ltd reports second quarter 2017 results, new members of senior management changes to board, and change to the frequency of dividend payments.Qtrly Canadian same-store sales were $119.6 million, down 3.9 percent.Qtrly adjusted basic earnings per share $ 0.11.Qtrly US Same-Store sales were $52.5 million, down 4.5 percent.Richard Perkins has stepped down from board to take on role of executive vice president.Announced appointment of Kenneth Barbet as new chief executive officer of company, effective as of today.Qtrly sales $208 million versus $ 209.2 million.From Q4, anticipates paying a dividend of $0.09 per quarter rather than previous monthly dividend of $0.03.

Russia's Lenta signs agreement to lease 14 hypermarkets

Friday, 28 Jul 2017 04:04am EDT

July 28 (Reuters) - Russia's Lenta Ltd said on Friday::It signed agreements with MCapital and OTZR for long-term leases of 14 hypermarkets in Moscow and Russian regions, currently operated under the NASH brand with the total selling space of approximately 78,400 sq.m.;.The agreements contemplate a 15-year arrangement;.The agreement includes seven hypermarkets with total selling space of around 43,600 sq.m located in Moscow and another seven hypermarkets with total selling space of around 34,800 sq.m located in the Moscow region, Nizhniy Novgorod, Chelyabinsk, Perm, Ryazan, Yaroslavl and Rostov-on-Don;.The average size of the stores is around 5,600 sq.m of selling space;.Lenta's Chief Executive Officer, Jan Dunning said: "While Lenta remains primarily focused on its organic expansion, we continue to pursue strategic opportunities in parallel.".Lenta will provide more details and revised store opening guidance at a later stage..


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