Dutch supermarket Laurus has reported a 3.6 per cent drop in
like-for-like sales for the first quarter, but insists the company
is set for recovery this year.
Following years of poor performance Dutch retailer Laurus has
announced it will sell its two largest supermarket chains,
attracting interest from acquisitive domestic and foreign rivals.
Dutch retailer Laurus will be glad to see the back of 2004, a year
which saw it struggle with widespread restructuring and a damaging
price war. But 2005 is not guaranteed to be any easier, as the hard
work of rebuilding its business...
Troubled Dutch retailer Laurus is to restructure its business in a
bid to make its three formats - Edah, Konmar and Super De Boer -
more competitive, the company announced this week.
Laurus, the Dutch retail group, last week reported sales of €3.8
billion for 2003, a decline of 8.5 per cent on the previous year
and a disappointment for the company which was beginning to see the
light at the end of the tunnel after...
Laurus, the Dutch retail group, has made its third set of price
cuts in two weeks, with a further 230 items at the Edah chain
benefiting from the reduction. But the company faces a difficult
few months, trying to find the right balance...
Laurus, the Dutch retail group, has finally withdrawn from the
Belgian market, the source of some of its biggest losses in recent
years. Six of its last eight stores have been sold to the Colruyt
group, with the two remaining stores...
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.
Laurus, the troubled Dutch supermarket group, can set about
restructuring its core Dutch and Belgian business now that the sale
of its loss-maknig Spanish unit, El Arbol, has been cleared by the
EU.
Dutch supermarkets and wholesale group Laurus announced at the end
of last week that it had reached a final agreement to sell its
loss-making Spanish operations to British venture capital group CVC
Capital Partners.
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...
