This Tuesday (5 July), FEMSA, a Mexican Coca-Cola bottler and convenience store operator, announced its all-cash offer to acquire Swiss convenience and foodservice retailer Valora. The deal is subject to regulatory approval, but if approved, FEMSA has agreed to purchase all the publicly held shares of Valora Holding AG for 260 Swiss francs per share, totaling CHF1.1 bn (€1.1 billion). It expect...

SPAR International published its 2021 annual report with a 3.3% growth on global turnover at €41.2 bn, even better against 2019 at +10.7%. Europe’s dominance continues Europe’s responsible for 80% of the global turnover of the SPAR business, reporting positive year on year growth. Western Europe took €25.6 bn in 2021 which was +1.8% year on year and +13.4% vs 2019. Other European markets in...

Across all its operations, Migros has grown sales by 2.2% to CHF28.85 bn in 2021. Core business performing well Across the grocery business, Migros generated sales growth. Denner, its discount banner grew by 1.3% to CHF3.8 bn and convenience banner Migrolino grew by 4.3%. Migrol increased sales by 18.3% to CHF1.45 bn, driven by rising oil prices. Supermarkets and hypermarkets saw sales fall...