The latest retail and consumer industry and company news and analysis from FriedlNews
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Austrian Retail and Consumer Headlines

Kitzbühel Wants to Cooperate with Chinese Ski Resort

Tourism association and Bergbahnen Kitzbühel want to cooperate with the Chinese ski resort Vanke Lake Songhua Resort in the future. During the visit of a Chinese delegation a memorandum of understanding on closer cooperation was signed.

May 27, 2016

AUA Increases Flight Offer to Spain and Italy

Austrian Airlines (AUA) is expanding its offer of flights to Spain and Italy. It is about to launch its first flights to Jeraz and Bari, going twice per week, it was announced.

May 27, 2016

Novomatic Takeover of Australian Rival Delayed

The planned investment of the Lower-Austrian gambling group Novomatic in the Australian rival Ainsworth Game Technology has been delayed. Ainsworth will postpone general assembly scheduled for June 3 by up to 30 days. It is at the meeting that shareholders are supposed to approve the deal.

May 25, 2016

Franz Wolfahrt Stands in Civil-Law Trial Concerning Disputed Payments

In the civil-law trial concerning disputed payments to lobbyists Walter Meischberger and Peter Hochegger, former CEO of gambling company Novomatic, Franz Wolfahrt, once again confirmed that such payments were made in connection with the targeted loosening of gambling law in 2006, although he stressed that adequate services were provided in return.

May 24, 2016

Province of Tyrol to Invest Over EUR 100 Mln in Connection with Major Sports Events

Austria's region Tyrol wants to spend over EUR 100 million (USD 111.8 million) in connection with major sports events slated for the next three years, local government representatives told a press conference.

May 24, 2016

Tyrolean Tourism Industry Books New Record in Winter Season 15/16

In the winter season of 2015/16 (November to April) the Tyrolean tourism industry booked a new record. 5.8 million holiday-makers came to Tyrol last winter season. This means growth of 4.5 percent, compared to the previous season.

May 23, 2016

Bet-at-Home Approves EUR 4.50 Share Dividend for 2015

The shareholder meeting of sport bets operator bet-at-home has approved the EUR 4.50 (USD 5.07)/share dividend for 2015 and a capital hike using the company’s own assets. The number of listed shares will double. The management board announced a special dividend of EUR 10-15 per share for 2016.

May 19, 2016

Denzel Boosts Sales and Profit

Austrian car dealer Denzel sold more last financial year raising sales by 4 percent to EUR 650 million. Over 40,000 vehicles were sold. The company made a EUR 10.6 million net profit. Among the importer’s biggest problems is finding the right employees.

May 19, 2016

Hungarian Energy Group MOL Eyes Station Chain Acquisition in Austria

Hungarian oil and gas group MOL wants to resume filling station business in Austria, from which it withdrew last year, CEO Ferenc Horvath said as cited in the daily WirtschaftsBlatt.

May 17, 2016

Investor Benko's Karstadt Retailer to Turn to Profit in FY 2015/16

German retailer Karstadt of Austrian real estate investor Rene Benko expects to see the effects of restructuring and turn to net profit in the current fiscal year 2015/16, the company said in the annual report.

May 17, 2016