German retailer Edeka has announced the acquisition of juice manufacturer Albi. According to Edeka, by taking over Albi – one of the leading fruit juice producers in Germany – the group will strengthen its positioning in the fruit juice segment. Albi will also complement the portfolio of Edeka fruit juice subsidiary Sonnlander, the firm added. Albi is a family-owned company that was founded in 1928, producing a range of fruit, …
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Leading supermarket chain Kaufland has entered the race to acquire Tengelmann’s Kaiser’s Tengelmann stores, according to a report in Focus. The move comes after competition authorities objected to a proposed takeover by the Edeka chain which was announced last October. At the time, Tengelmann said that Edeka would be taking over both Kaiser’s retail outlets and the online subsidiary Tengelmann E-Stores GmbH, with the aim of integrating the business into …
German retail chain Tengelmann, which is active in sectors including groceries, textiles and DIY, has announced that it is to sell off the entirety of its supermarket business to rival Edeka. Previously, Tengelmann had announced that its supermarket arm, which operates under the name Kaiser’s Tengelmann, was to undergo a thorough analysis and that different courses of actions were to be considered. The business, which operates 451 stores, employs 15,958 …
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