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

Austrian Retail and Consumer Headlines

German Subsidiary of Novomatic Accused of Manipulation

The German Novomatic subsidiary Löwen Entertainment has been accused of manipulation. Providers of slot machines suspect that market leader Löwen can set the machines so that they can pay out less money in own 350 Löwen halls and more in locations of other providers.

Yesterday

Private Investor Puts EUR 2 Million in Animal Tracking System Tractive

Upper Austrian start up for animal tracking system Tractive has found an investor. Frenchman Harold Primat living in Switzerland is going to invest EUR 2 million (USD 2 million) in the company, Trend economic magazine reports.

February 5, 2016

Eybl Takeover Drags Sports Direct Down, Firm is in Red for 2014/15

The takeover of Austrian sports gear retailer Eybl/Sports Experts by British discount shop Sports Direct has turned into a financial disaster. Sportsdirect.com Austria GmbH posted a loss of over EUR 45 million (USD 50 million) for FY 2014/15, with the revenue shrinking to EUR 188.7 million, WirtschaftsBlatt reports.

February 5, 2016

Novomatic: Czech Investor May Seek Settlement Over Casinos Austria Takeover

Gambling group Novomatic and a Czech consortium (Austrian Gaming Holding), who compete in the race for a majority stake in state-run casinos operator Casinos Austria, may seek a settlement over the issue, Novomatic CEO Harald Neumann said at the international gambling fair ICE in London.

February 4, 2016

Baumax Asset Stripping Proceeds, 200 Jobless

The asset stripping of insolvent DIY chain Baumax continues: The sale of shops to OBI and other market players has cost over 500 employees their jobs. At the end of January some 191 former Baumax workers were registered as unemployed, the job market agency AMS told APA.

February 4, 2016

Novomatic Wants Casinos Majority

Austria's competition watchdog BWB ordered an indepth investigation of the planned takeover of majority stake in staterun casinos operator Casinos Austria by gambling group Novomatic citing competition concerns as well as legal doubts, BWB said on Wednesday evening. The decision takes into account, among others, the legal dispute between Novomatic and another party interested in Casinos takeover, a Czech consortium, BWB explained.

February 4, 2016

Competition Regulator to Decide on Casinos Takeover by Novomatic on Wednesday

Austria's competition regulator BWB will decide on Wednesday on the planned majority takeover of state-owned casinos operator Casinos Austria by gambling group Novomatic. Options include issuing a green light for the deal or else ordering a deepened investigation by cartel court.

February 2, 2016

Kotanyi Foods Raises 2015 Revenues to EUR 143 Mln

Spices producer Kotanyi raised 2015 revenues by 2 percent to EUR 143 million (USD 155.2 million), the company said without giving earnings figures.

February 1, 2016

New Operators for 88 Zielpunkt Branches

The future of 88 branches of the bankrupt supermarket chain Zielpunkt has been secured for now: 10 retail companies received the approval of the antitrust authorities (BWB), following preliminary investigation. Most of the branches will go to companies from the retail trade.

February 1, 2016

McDonald’s Austria Raises Sales

In reaction to dropping sales and guest numbers in the USA the fast-food chain decided to adjust its operations. This involved also going for a more healthy image. Also Austria was affected. By the end of 2016 all 196 branches in Austria are supposed to switch to the new concept

January 28, 2016