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

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

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

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

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

Novomatic Awaits Approval of Australian Rival for Planned Takeover

Gambling group Novomatic is yet awaiting the approval of Australian rival Ainsworth GM for the planned takeover of 52.5 percent stake. The meeting is scheduled for June 3. At least 50 percent of minority shareholders of Ainsworth need to agree to the proposed deal assuming the price AUD 2.75 per share and a total value of AUD 500 million (EUR 323 million). The management previously expressed its support for the takeover, but analysts and minority shareholders were critical.

May 13, 2016

Partial Victory for Do & Co Subsidiary Henry am Zug Against ÖBB

ÖBB train caterer Henry am Zug, a subsidiary of Do & Co recorded a partial victory at the administrative court, as the court (VwGH) ruled in a case concerning concealing information from the traffic inspection office of the city council in Vienna against the municipal authorities. Since taking over catering in ÖBB trains in 2012, Do & Co has faced accusations of trade unions of violating labor law. An administrative fine of EUR 1.3 million (USD 1.5 million) is looming over the catering business.

May 9, 2016

Bawag Laying Off Further 180 to 200 Employees

Bawag Bank will optimize its branches and in course of the process will cut 180 to 200 jobs. 70 to 80 of the affected employees are supposed to be sent back to their actual employers - Post AG.

May 3, 2016