Food Retail & Distribution

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Dixy Group OAO to liquidate some branches

Wednesday, 30 Jul 2014 10:42am EDT

Dixy Group OAO:Board of Directors of Dixy group decided liquidate branches of the company.Those branches are: Moscow region Branch, Sankt Petersburg Branch, Yaroslavl Branch, Chelyabinsk Branch, Ryazan Branch, Moscow Branch, Kaskad Branch.Date of this decision- July 30.

Mitsubishi Shokuhin Co Ltd to merge with subsidiary

Wednesday, 23 Jul 2014 03:00am EDT

Mitsubishi Shokuhin Co Ltd:To merge with wholly owned subsidiary, engaged in real estate management, based in Tokyo, effective Sep. 1.Subsidiary to be dissolved.

MINISTOP CO LTD to merge with wholly owned subsidiary

Friday, 18 Jul 2014 02:00am EDT

MINISTOP CO LTD:To merge with wholly owned subsidiary RECODS, engaged in health care station and life support station business, effective Sep. 1.RECODS to be dissolved.

Carrefour SA announces closure of its five stores in India

Monday, 7 Jul 2014 12:35pm EDT

Carrefour SA:Intents to close its five cash & carry stores in India, where Carrefour has operated since 2010.Closure of Carrefour`s business in India will be effective at end of Sept. 2014.Until that time, company will continue to be fully engaged with all its employees, suppliers, partners and customers to ensure a smooth transition.

POPLAR CO Ltd to dissolve and forgives debts for subsidiary

Friday, 4 Jul 2014 01:00am EDT

POPLAR CO Ltd:Says to dissolve a Hiroshima-based subsidiary, which has been engaged in operation of drug stores business, and the liquidation will be in September.To forgive debts of 470 million yen borrowed by the subsidiary, expected effective in September.

LIFE to merge with wholly owned subsidiary

Friday, 27 Jun 2014 02:00am EDT

LIFE CORP:To merge with wholly owned subsidiary NIHON FOOD CORPORATION, which has been engaged in production and sale of food in Tokyo, effective March 1, 2015.NIHON FOOD to be dissolved with the company as surviving company.

Carrefour SA to exit the India market-Business Standard

Thursday, 5 Jun 2014 10:22am EDT

Carrefour SA:Is exploring the option to exit the India market, following a slowing in its business at home and the new government's opposition to foreign investment in multi-brand retailing-Business Standard.The company has reportedly engaged KPMG for helping it sell the India assets.

VALOR announces merger between subsidiaries

Friday, 9 May 2014 12:00am EDT

VALOR CO LTD:Says wholly owned subsidiary CHUBU FOODS CO., LTD. will merge another wholly owned subsidiary engaged in production and sale of bread, effective July 1.CHUBU FOODS will be the surviving company and the other subsidiary will be dissolved.

Mercator dd reaches agreement on financial restructuring with banks

Friday, 25 Apr 2014 09:40am EDT

Mercator dd:Received signed commitments from all required bank lenders to the Mercator Group, to implement the proposed financial restructuring on the basis of the detailed legal and commercial terms that are now agreed with all this lenders.This represents another step in the financial restructuring of the Mercator Group.Creditors have expressed strong support for the Mercator Group and provided the necessary support and stability to complete the implementation of the financial restructuring.The financial restructuring of the Mercator Group is one of the largest and most complex financial restructuring in the region.

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