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Retail Industry

Insolvent DIY Chain BauMax Ended Its Operations

Insolvent DIY chain BauMax ended its operations completely on Friday with many stores sold to Obi of Germany. Seven stores did not attract a buyer. Some 700 employees in total are at risk of losing their jobs.

October 30, 2015

Niki Lauda Acquires Stakes in Benko's Real Estate Firms

The private foundation of former Formula 1 driver Niki Lauda will acquire 1% of Signa Prime and a 10% stake in Signa Retail.

July 17, 2015

Billa Invests EUR 100 Million in Bulgaria in Next Years

Supermarket Chain Billa plans to invest some 100 million euros in Bulgaria and to open around 40 new stores.

April 10, 2015

Spar to Relaunch "Huma” Shopping Park in Vienna-Simmering

The starting signal for building work to turn the HUMA Shopping Center into probably the most modern shopping center in the capital has already been given in December 2014. A shopping center with more than 90 shops, restaurants, catering outlets and services, 2000 free parking spaces and 800 jobs is being built at a traditional location in Vienna-Simmering on a gross leasable area of 50,000 square meters.

February 17, 2015

New Owner E-Tec Brings DiTech Back Into Business

The brand DiTech has been purchased after the bankruptcy by the Upper Austrian Computer Dealer e-tec. Now the newly established DiTech Electronic GmbH starts operations. The first stores open already at the beginning of September.

August 29, 2014

Tengelmann to Launch Online Gardening DIY Chain in Austria

The German online gardening DIY chain GartenXXL, a subsidiary of the Tengelmann group, is setting up in Austria. The range of offered products includes over 20,000 products from brands such as Gardena, Fiskars, Bosch or Kettler. The products shall be offered via gartenxxl.at. After successful launching in Austria, GartenXXL intends to expand to other countries in CEE/CESEE.

July 22, 2014

Austria: Creditors of DiTech Faced With Total Losses

The Austrian computer equipment retailer has filed for insolvency proceedings at the end of March.

May 12, 2014 · Updated: May 13, 2014; 10:55

Amazon Gets New Warehouse in the Czech Republic

US-based online retailer Amazon will get a warehouse in the EIA informationsystem in the Černovická terasa industrial zone in Brno.

May 12, 2014

German Retailer Metro Faces Massive Losses in CEE

Sales in CEE declined 14.8 percent last year for German retail and wholesale enterprise Metro Group.

May 9, 2014

Austria DIY Chain BauMax Avoided Insolvency

Austrian leading DIY chain bauMax announced cost saving programs as part of its restructuring measures in Turkey, Romania, Bulgaria and Croatia. BauMax intends to focus on profitable business locations only.

May 9, 2014