The Coca-Cola Company took several strategic steps in 2020 – an unprecedented year defined by a global pandemic and other disruptive challenges – to position its brands, business and organization for sustainable growth, Chief Financial Officer John Murphy shared during the Morgan Stanley Global Consumer & Retail Conference. Read more »
The Ferrero Group shares its latest updates on its commitment for 100% of packaging to be reusable, recyclable or compostable by 2025. The latest updates include a raft of new activities and collaborations including Nutella joining forces with Loop and Carrefour in Paris, France for a new 10-store reuse pilot scheme, Ferrero becoming a member of the Ellen MacArthur Foundation - taking part in... Read more »
Nestlé has today joined the Exponential Roadmap Initiative, a coalition of organizations acting in line with the UN 1.5°C ambition on climate change. Members include technology innovators, scientists, companies and NGOs, all working to accelerate climate action. The Initiative is an official partner of the United Nations' 'Race To Zero' campaign. Read more »
Lineage Logistics Holdings, LLC (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has acquired Pago Sp. z o.o. (“Pago”), a leading warehousing, distribution and transport logistics provider in Poland from its current ownership, including Tönnies International Holding... Read more »
Coming soon - the premiere of the advertising spot "TAKE THE CHALLENGE - SOUR MADNESS" - realized as part of the project under the title Export expansion of the ARGO company through participation in the promotion program of the Polish food specialties industry under sub-measure 3.3.3 SUPPORT FOR SMEs IN THE PROMOTION OF PRODUCT BRANDS - GO TO BRAND, UNDER THE INTELLIGENT DEVELOPMENT OPERATION... Read more »
Panattoni, the leading industrial developer in Europe, is to expand its warehousing assets near Warsaw. Already the developer has 176,000 sqm of industrial space at its disposal in the village of Janki and it has just announced the creation of more. The company has purchased a further 3.14 ha next to the S8 - one of the most important expressway roads in Poland (Wrocław – Białystok). Such a... Read more »
Panattoni, the European industrial real estate market leader, has started construction of a warehousing facility for a meat producer and exporter. The 10,153 sqm BTS (build-to-suit) facility is being built near Ostróda in Poland’s Warmian-Masurian province. Read more »
Panattoni, the European industrial space leader, is continuing to strengthen its position in Pomerania as the local infrastructure rapidly improves in the region and the e-commerce segment booms. One of Panattoni’s existing customers, Globalway – a supplier of (among others) toys, furniture, sports accessories and interior furnishings produced in China – has decided to lease the whole of... Read more »
Eurocash Group’s revenue in the first half of 2020 reached PLN 12.1 billion, up by 2% from the same period of 2019. In this year’s first six months, EBITDA reached PLN 337 million, compared to PLN 338 million in the previous year. Eurocash Group estimates that additional costs related to the COVID-19 pandemic reduced its results by approx. PLN 17 million. Eurocash Group’s net result in H1... Read more »
Organic growth reached 2.8%, with real internal growth (RIG) of 2.6% and pricing of 0.2%. Growth was supported by sustained momentum in the Americas, Purina PetCare and Nestlé Health Science. Divestitures and foreign exchange reduced sales by 12.3%. Total reported sales decreased by 9.5% to CHF 41.2 billion (6M-2019: CHF 45.5 billion). The underlying trading operating profit (UTOP) margin... Read more »
Panattoni, the market leader in industrial real estate in Europe, has released its results for H1 2020. Over the period, the developer signed leases for more than 1 mln sqm, which is more than twice the space leased in the same period of 2019. In the second quarter of 2020, its transaction volume was over 671,500 sqm, which was 57% higher than in the previous three months. Read more »
Jantar Ltd. has created the Jpartner program that is going to develop a sales network for self-service cash registers, as well as software dedicated to retail. Read more »
Tesco today announces the sale of its business in Poland to Salling Group A/S. The transaction, which is subject to antitrust approval, includes the sale of 301 stores together with the associated distribution centres and head office. Read more »
Panattoni, market leader in industrial real estate in Europe, has completed the construction of the 8,260-square-metre logistics centre for DSV Solutions in Skarbimierz. The BTS facility is dedicated to handling the logistics of two Mondelēz International production plants in the vicinity – a Chocolate factory and a Gum & Candy factory. The project was delivered at the Wałbrzych Special... Read more »
AmRest (EAT), a leading European multi-brand, foodservice and digital platform, today reported its financial results for the first quarter 2020. Read more »
Eurocash Group’s revenue in the first quarter of 2020 reached PLN 5.92 billion, up by 8% from the same period of 2019. Sales in the wholesale segment went up by 6% y/y and in the retail segment by 12% y/y. EBITDA exceeded PLN 126 million, 4% higher than last year. Costs related to the COVID-19 pandemic reduced the Group’s results by approx. PLN 10 million. Eurocash Group closed this... Read more »
Panattoni, market leader in industrial real estate in Europe, has allocated PLN 500,000 to buy medical supplies for three hospitals. Institutions in Poznań, Białystok and Szczecin were chosen in consultation with the Ministry of Health. As part of the aid, the developer will provide medical masks, nitrile gloves, non-contact thermometers and packs of medical caps. Read more »
At the end of the Q1 2020, the total supply of modern warehouse space in Poland exceeded the level of 19 million sq m. The Warsaw market (three zones) maintained its leading position and accounted for nearly 23% of the total supply in the country (4.3 million sq m). Read more »
As the dynamic development of the COVID-19 pandemic impacts the global economy, a reliable and realistic evaluation of the future business performance of Henkel is currently not possible. As a consequence, the Management Board of Henkel AG & Co. KGaA has decided today that the forecast for fiscal 2020 published in the Annual Report 2019 will no longer be upheld. Read more »
At Nestlé, we care deeply for people and for the communities in which we operate, and we have an essential role to play during the COVID-19 crisis. Food and beverages help keep people healthy and enhance their quality of life. We care about our responsibility to provide good nutrition, especially for the most vulnerable in society – children, the elderly and those struggling with illness. Read more »
Countries that have not adopted the Euro, or are not pegged to it, have each seen a ca. 10% depreciation in currency value, during the period February to March 2020. The Romanian Leu is the exception which has depreciated just 1%, largely due to central bank intervention. Therefore, as the majority of leases in CEE are denominated in Euros, this can come as an additional strain to occupiers,... Read more »
Panattoni, market leader in industrial real estate in Europe, has started building a distribution center for a manufacturer of sportswear and accessories. The BTS facility with an area of over 67 000 sqm is under construction in Czeladź - completion of phase one is planned for H1 2021. Read more »
Lublin is the most rapidly developing city in Eastern Poland. The city has become synonymous with rapid social and economic progress, which has allowed it to join the ranks of the most attractive places to live and do business in Poland. Lublin has also developed a strong position in Central and Eastern Europe. International rankings place the city on an equal footing with Eastern European... Read more »
AmRest (EAT), a leading European multi-brand, foodservice and digital platform, reported its financial results for the full year 2019. Read more »
ARGO Sp. z o.o. pursues the project entitled „Argo’s Exports Expansion” through participation in the Polish food specialties promotion program called Supporting SMEs in Product Brand Promotion – GO TO BRAND, Within the Intelligent Development 2014-2020 Operational Program, Priority Axis No. 3 Support for Innovation in Companies. Read more »
The first meal of the day - is it also the most important meal? Muesli, porridge, yoghurt drinks and co. are making their grand appearance in the breakfast snacks product segment of ISM Cologne. With the aid of trendy products, the international exhibitors are lending breakfast a new image. Make sure you too demonstrate which new products the market needs next year! Read more »
Work is at full swing at the construction site of the central warehouse for PepsiCo in Mszczonów, where the world leader in the production of food and beverages decided to consolidate its logistics and warehouse processes in our country. Read more »
Over 2/3 of Poles declare that they are ready to pay more for domestic food produced in an ecological way while nearly 1/3 check if the product was made in Poland. This is what the results of the first report indicate which was included in the public opinion poll cycle in the POLISH OPINION MONITOR project – a joint initiative of PKO Bank Polski, the Foundation of the Institute for Market and... Read more »
PLN 2-4 billion will have to be allocated by packaging companies to adapt to regulatory changes related to promoting the circular economy, analysts Santander Bank Polska and SpotData estimate. According to the report they prepared, the total development of the industry until 2025 will require investments at a level of approx. PLN 20-25 billion... The packaging sector invests much more than most... Read more »
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