As Edeka increases its stake in Picnic, sells off its Bringmeister delivery service and launches a new private label range, we round up news from the retailer. Edeka increases its stake in Picnic… Edeka has increased its stake in Picnic, without releasing details about how much of the latter business it now owns. Before this increase Edeka owned a 10% stake in Picnic and a 35% share of its...

Germany-based Edeka generated sales of €61 bn in 2020, a rise of 9.5%, or €5.3 bn, on the previous year. The performance was driven by COVID-19, which saw it position itself as a responsible grocer, while it also added new stores across its major banners. Strength across banners… Edeka branded stores generated sales worth €33.1 bn, a rise of more than €4 bn on 2019’s figure, with 82 new sto...

Trade publication Lebensmittel Zeitung has reported that Edeka is to leave the AgeCore buying alliance. The step follows its establishment of the Everest alliance with Netherlands-based, pureplay retailer Picnic. Short term uncertainty likely to be resolved in 2021 Although Edeka’s departure has not been completed, as talks are on-going about the sale of its shares, if it is confirmed i...