Italy: Mayora sees profit rise 43% in fiscal 2021
Italian Mayora, also known as Despar Centro Sud, posted revenue growth of 43% in 2021, to €22 million, with revenues up 5.3% to more than €900 million. The company’s compound annual growth rate (CAGR) was 14.2 %, EBITDA grew by 44% year-on-year and profit increased by 63%.
Carrefour Polska opens its first franchise model hypermarket in September
Carrefour Polska will open its first large design store in Belchatow in September this year, run by an independent entrepreneur and owner of the chain. The move follows the format’s success in the supermarket segment.
Polish division of Geronimo Martins misleads consumers with advertising, watchdog says
Polish supermarket chain Biedronka, part of Portugal’s Geronimo Martins, could be fined up to 10% of annual sales, consumer watchdog UOKiK says, over an advertising campaign the regulator may have misled.
UK: Asda confirms that shoppers across the country can now access its loyalty scheme
Asda has announced that it will offer access to its loyalty programme, Asda Rewards, to all 633 stores in the UK, online delivery via asda.com and its click and collect service. Customers can earn Asda Rewards by scanning their app at the checkout every time they shop. By completing in-app tasks: Fruits and Vegetables Bonus – Buy 10 Fruits and Vegetables and get €1.77 in your Cashpot.
UK: Earth & Wheat appoints CEO, launches recruitment drive
Wonky bread and biscuit subscription service Earth & Wheat has launched a recruitment campaign as part of its expansion of operations in the coming year. This comes after the company, which was founded by James Eath 18 months ago, appointed Amin Benjoi as a director. The company added the Cracked Biscuits box to its range last November and entered the vegetable market with its ‘Wonky Veg’ box in May.
HelloFresh is now counting on the US as Europeans leave
HelloFresh continues to grow despite a post-pandemic sales slump. The German company’s growth has come mainly from the US, which now accounts for more than half of revenue. “The second quarter is always weaker than the first quarter,” CEO Dominic Richter told analysts, pointing out that HelloFresh has lost 500,000 customers since the start of the year. As New Year’s resolutions die down, people order fewer food boxes. The rising cost of living and economic uncertainty also play a role this year, particularly in Europe. In the US, “only” 220,000 customers ditched HelloFresh.
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