Moves by Dutch grocery retailer Laurus to lift itself back into the
black appear to be working, with a leap back into profit in the
first half. But the streamlined group still has a long way to go.
Colruyt is to buy part of the loss-making Belgian operations of
Dutch retailer Laurus for an undisclosed sum, including the Spar
franchise business. Laurus is still negotiating the sale of its
other Belgian units.
A failed revamp of Dutch stores and poor results from Belgium and
Spain kept Dutch retailer Laurus firmly in the red in the first
half. But the recent acquisition of a stake by Casino, and cash
promised for restructuring, should aid...
Swiss-based chocolate company Barry Callebaut said this week that
it is currently in discussions with the Unions about the proposed
closure of its cocoa processing factory in Bussum, Netherlands