The latest retail and consumer industry and company news and analysis from FriedlNews
Page 1/58

Austrian Retail and Consumer Headlines

Baumax Sale Continues, Trade Unions Negotiate

The trade union of privately employed (GPA/djp) wants to push through a social plan and employment foundation to finance further training of employees before the pending sale of the DIY chain Baumax. The trade union representatives are in the middle of negotiations it was stated.

September 2, 2015

Hot Summer Boosts Ottakringer Beer Consumption

Hot summer weeks boosted the sales of beverage producers, which earlier went down. Also in case of the listed beer and mineral water company Ottakringer sales and profits in the first half of the year were under previous year's level. However, the summer was successful, the head of the company Sigi Menz said. He reckons with higher sales and profit in 2015 than in 2014.

September 1, 2015

Kopf: Not More than 1,100 Baumax Employees Can Lose their Jobs

The head of the labor office Johannes Kopf said that the 1,100 employees of Baumax registered in the early warning system of the labor office is the maximum number of people who may lose their jobs. As he recalled, in case of the bankruptcy of Alpine, 4,000 people were registered in the system, but only 500 actually became unemployed, as most jobs were taken over.

September 1, 2015

Baumax Sale to OBI - Fate of 3,800 Jobs in Austria Uncertain

After the sale of most Baumax shops to Obi and Supernova it is still uncertain how many of the 3,800 jobs in Austria will be lost. Above all, the jobs at the Baumax headquarters in Klosterneuburg are at risk.

August 31, 2015

Casinos Austria International Dip Southwards in H1

Casinos Austria International (CAI, the foreign subsidiary of Casinos Austria gambling group, posted a loss of EUR 572,000 (USD 0.646m) in H1 2015. A year before the loss had amounted to EUR 2.43 million. Meanwhile revenue of the company slipped from EUR 70 million to EUR 67.5 million y/y, following the sale of the Canberra casino.

August 31, 2015

Spar Boosts Sales in H1, Loses Market Shares in Austria

The Spar group, including CEE subsidiaries and Hervis, managed to raise its sales by about 3 percent in H1 to EUR 2.67 billion. However, in Austria the group's market shares shrank. The company made a net profit of EUR 29.8 million after EUR 20.7 million (USD 23.4 million) last year.

August 28, 2015

OBIB Holding New CEO Hails Novomatic Gambling Takeover Plans

State holding OBIB (formerly OIAG) new CEO Martha Oberndorfer welcomes the plans of listed gambling group Novomatic to take over a significant stake in competitor Casinos Austria, she told APA in an interview.

August 25, 2015

DYI Chain Obi in Talks with Regulator on BauMax Takeover

German DIY chain Obi is reportedly in talks on the potential takeover of indebted retailer BauMax with Austrian competition authority BWB, APA was told by a source close to the process.

August 24, 2015

GVC Raises Price in Offer for Bwin.Party to GBP 1.03 Per Share

Listed online betting group bwin.party may see UK firm GVC Holdings raise the price in the offer yet again to at least GBP 1.03 per share, according to the British newspaper The Times.

August 20, 2015

DHL Offensive in Austria Pulls Down Post AG Share

The announcement of Deutsche Post to expand the parcel dispatch business for online trade in Austria, has weighed down on the price of Post AG shares. Around midday Post’s shares were losing 6.7 percent to EUR 35.40 (USD 39.128), while Deutsche Post’s shares fared much better, as it was mostly stable.

August 19, 2015