Mercator news

25 May 2016
Darko Knez, Executive Vice President of Agrokor’s Retailing Business Group and previously CEO of Konzum, is to leave the Croatian conglomerate. 17 year career spanning variety of roles In a press release announced yesterday, Agrokor revealed that he is to ‘seek new business challenges in private enterprise’ , after a successful 17 year career at Agrokor. During his time at Agrokor, ...
27 April 2016
In this update, we look at what happened at retailers across the region in the first quarter of 2016, including investment plans, online developments, merger & acquisition activity and changes at the top. INVESTMENT PLANS & NEW STORES Poland • Carrefour is to launch 150 new stores with a focus on the convenience channel and invest €61m in store modernisation in 2016. • Jerónimo ...
12 April 2016
Slovenian market leader Mercator has revealed that it achieved sales revenue of €2.6bn, alongside an operating profit of €61.5m and a net profit of €20.2m in 2015. The retailer advised that sales revenue was 1.6% lower than in 2014, although data is not perfectly comparable due to changes in the retailer’s structure. In 2014, Mercator reported a net loss of €44.5m. 2015 highlights: €77.4m ...
07 April 2016
Croatian conglomerate Agrokor, owner of the Konzum and Mercator grocery chains has revealed that it has launched a new online mall, abrakadabra, as well as making a series of senior-level appointments. Agrokor’s new online mall: abrakadabra As part A007, Agrokor’s  strategic online project , the Company has launched  abrakadabra , a new online store. The website offers over 100,000 p...
14 March 2016
Mercator, owned by Croatian conglomerate Agrokor, has revealed it is rebranding stores in Montenegro, in addition to launching a new concept store, IDEA London, in Serbia. Montenegro: rebranding Roda to IDEA Mercator has begun the process of rebranding its Roda stores in Montenegro to the Idea banner. As part of the rebranding process, the converted stores will also offer Konzum's priva...
08 February 2016
Slovenian market leader Mercator has revealed its business plan for 2016, targeting revenue of €2.6bn and a profit of €55.3m. Mercator is yet to reveal its 2015 results, although the 2016 revenue target is 1.9% lower than that achieved in 2014. Positive economic backdrop 'Positive GDP growth is expected in all markets' , which should 'positively influence domestic consumption', while ...
04 January 2016
Serbian retailer Aman, which operates around 140 stores, has received regulatory approval to acquire seven stores from Mercator, owned by Croatian conglomerate Agrokor. Acquired stores are located across Serbia The majority of Aman’s stores are located in Belgrade and the surrounding areas. Most stores that it is acquiring from Mercator are located across the country, although two are i...
24 December 2015
Croatian conglomerate Agrokor has made further changes to strengthen its management teams, while Konzum, the grocery retailer that Agrokor owns, has appointed a new Management Board. New appointments for Ante Todorić and Darko Knez Ante Todorić , currently Executive Vice President for the Retailing Business Group has been appointed as Deputy President of Agrokor’s Management Board. ...
11 November 2015
Agrokor, the Croatian owner of the Konzum and Mercator grocery retail chains has recently announced a senior management reshuffle. The move will see a number of key changes: Dražen Kocijan , currently Managing Director of Tisak, Agrokor’s news stand business has been appointed as the Managing Director of Velpro , Agrokor’s wholesale operation. The appointment follows other senior ro...
02 October 2015
Croatian conglomerate Agrokor, which owns the Konzum and Mercator grocery chains amongst other businesses, has reported that 2014 revenue increased by 16% to HRK 35.5bn (€4.63bn), largely attributed to the acquisition of Mercator However, Agrokor also reported a net loss of HRK 225.5m (€29.6m). Synergies driven by Mercator acquisition Commenting on the results, Zdravko Maric, executive d...