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

Dunkin’ Donuts Struggling in Austria

US bakery and coffee shop chain Dunkin’ Donuts wants to continue operation in Austria. The creditors of the insolvent firm agreed to a reorganization plan.

August 24, 2016

Write-Offs Drag Down Novomatic’s Profits in H1

The Lower-Austrian gambling group Novomatic, which is planning to take control over the partially state-owned Casinos Austria, raised its sales again in the first half of the year. However, on the operating level the company earned less due to non-planned write-offs.

August 24, 2016

Do & Co Holds on to Plans in Turkey

The political turmoil in Turkey is apparently no obstacle for the businesses of the Austrian catering company DO&CO;. The company will, as planned, continue "its activities in Turkey and has expressed commitment to its long-term projects”. The renewal of the contract with Turkish Airlines is currently subject to negotiations.

August 23, 2016

Salzburger Festspiele Generates EUR 215 Million Added Value per Year

The president of the Salzburg Festival (Salzburger Festspiele), Helga Rabl-Stadler, presented a new study proving the financial significance of the event. According to the study the festival generates added value of EUR 215 million per year in the whole country.

August 22, 2016

Austrian Hospitality Group Launches Joint-Venture with Iran

Austrian hospitality group DoN will provide catering for Iran's rail customers under a joint venture DoNA launched with a private Iranian entrepreneur Mohammad Khalaffi, Don's spokesman told APA.

August 22, 2016

Hotel Group Valamar to Build another Two Resorts on Istria

Croatian hotel group Valamar, in which the Vienna-based investment company EPIC holds a 43-percent stake, will invest HRK500 million (almost EUR 67 million) in the expansion of two luxury resorts on Istria. In the autumn the modernization of three existing facilities in Rabac in the Kvarner bay will be launched. They will be opened in the next tourist season in 2017.

August 22, 2016

Novomatic Takes Over Lotterien Arm in Albania

After several lossmaking years Austria’s lottery operator Österreichischen Lotterien is backing out of the Albanian market, selling its local subsidiary to competitor Novomatic, WirtschaftsBlatt daily reports. Incidentally Novomatic is currently also busy with the takeover of Casinos Austria, i.e. the parent company of Lotterien.

July 29, 2016

Arcotel Hotel AG Takes Over Third Hotel in Vienna Donau-Zentrum

Austrian Arcotel Hotel AG is opening a four-star hotel in Vienna's Donau-Zentrum in May 2017. It is its third facility in the Austrian capital. In December 2015 the firm had acquired Parkhotel Castellani in Salzburg. As of May next year the company will control 12 hotels in Austria altogether.

July 27, 2016

Wine Exports Fell 1.1 Percent in 2015

After eight good years, last year marked a decline of wine exports, the wine industry in Austria reports today. The export value was EUR 143 million, less by 1.1. percent y/y. Austrian winemakers have shipped in total 48 million liters of wine abroad.

July 27, 2016

Heta Bad Bank Sells Iconic Holiday Inn Sarajevo Hotel

Bad bank Heta sold the Holiday Inn hotel in Sarajevo to tourism group Europe d.d., the company said. The iconic Holiday Inn Sarajevo was home of foreign correspondents during the 1984 Winter Olympics and throughout the siege of Sarajevo during the Bosnian War. The price was not disclosed.

July 20, 2016