Mercator news

05 February 2014
Mercator, Slovenia’s largest grocery retailer, has released its results for 2013, reporting that sales revenue decreased by 3.7% to €2.8bn alongside a loss of €26.8m. Internal and external factors at play The retailer cited ‘reduced household spending’ , ‘structural changes in the buying habits of consumers’ and internal ‘restructuring’ as contributing factors to this. This includes t...
02 January 2014
Croatia-based Agrokor, which owns the Konzum grocery chain alongside other food-oriented businesses, has received conditional approval from Serbia’s Commission for Protection of Competition to take over Mercator, the country’s second largest grocery retailer. Approval conditional on Agrokor selling a number of stores Serbia's Commission for Protection of Competition has advised that for the s...
11 December 2013
Mercator, Slovenia’s largest retailer has published its plan for 2014 in which it has reduced its sales revenue forecast by 3.5% versus its estimate for 2013. The retailer is currently subject to a potential takeover by Croatia-based Agrokor, which owns the Konzum grocery chain alongside other food-oriented businesses. Internal restructuring and wider economy are key factors Mercator advised t...
02 December 2013
Croatia-based Agrokor, which owns the Konzum grocery chain alongside other food-oriented businesses, has received regulatory approval from Slovenia’s competition regulator to take over Mercator, the country’s largest grocery retailer. Slovenian competition regulator has ‘no objections to this transaction’ At a news conference in Ljublana on Friday, Slovenian competition regulator’s Andrej Kr...
13 November 2013
Slovenia-based Mercator has announced results for the first nine months of its 2013 financial year, saying revenue fell by 3.6% to €2.06 billion. However, the retailer did note that it had been able to cut its consolidated net losses by 20% to €17.6 million. Revenues fall in majority of markets Mercator said that it had seen revenues fall in all the markets it operates in, other than Serbia w...
14 October 2013
In an interview with the Financial Times, Agrokor’s president, Ivica Todoric, which owns the Konzum and Mercator chains, said that the company was planning to list in London ‘ within the next two years ’. IPO to help fund expansion Todoric said that once the merger of Konzum and Mercator had been completed, then the IPO would occur to help fund growth. Todoric was quoted as saying: “ We be...
18 September 2013
Mercator, Slovenia’s largest retailer has appointed financial and legal advisers to assist with €1bn debt restructuring. Restructure central to Agrokor’s purchase of 53% stake in Mercator The restructuring is a condition following the agreement of Agrokor in June to purchase a 53% stake in Mercator for €240 million. Agrokor, which is based in Croatia owns the Konzum grocery chain alongside ot...
29 August 2013
Slovenia-based Mercator has announced revenue of EUR1.4 billion for the first half of 2013, a decrease of 3.3% versus the previous year.  Mercator has also reported a narrower net loss in the first half of EUR15 million, down from EUR19 million last year. Difficult economic conditions across the region The retailer cited that the decline in revenue could be attributed to ‘difficult econom...
20 June 2013
Speaking after the acquisition of a majority stake in Mercator, Agrokor’s chairman, Ivica Todoric, gave further details about expectations around the combined company. Todoric says he convinced about profitability Todoric said that he would not have acquired Mercator if he did not believe that the combined Agrokor/Mercator would create a good company that could generate profits. He was quot...
17 June 2013
Croatia-based Agrokor, which owns the Konzum grocery chain alongside other food-oriented businesses, has agreed to purchase a 53% stake in Slovenia-based Mercator for €240 million. Purchase follows period of speculation Agrokor has attempted to take over Mercator a number of times in the past, but failed due to one reason or another. The announcement on 14 June that it had acquired a 53% ...