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Dated: 28 September 2007
Unilever Indonesia said it will buy the Buavita brand of fruit-based Vitality drinks from Ultra.
Unilever Indonesia said it will acquire the brand and related goodwill while Ultra will continue to produce juices for Unilever under a long term supply agreement. Ultra’s parent company, PT. Ultrajaya Milk Industry & Trading Company Tbk., is the largest producer of aseptic drinks using UHT in carton packs in Indonesia.
“(The acquisition) is an ideal fit with our Vitality mission of offering products that help people look good, feel good and get more out of life,” said Harish Manwani, Unilever's President for Asia and Africa. “The acquisition is fully in line with our priority of building on our strengths in developing and emerging markets."
The transaction, financial details of which have not been disclosed, is expected to be completed by early of January 2008.
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A year after unveiling its e-commerce site, Meijer will now begin offering grocery and dry good items bought in bulk from www.meijer.com. Unlike existing online grocery services that charge a delivery fee, Meijer will offer free shipping for orders of US$150 and more.
Tesco's like-for-like sales, excluding petrol, rose by just two per cent rise in the UK for the third quarter, the lowest rise in growth since 1993. However, total group sales rose 11.7 per cent
thanks to strong international performance.
Carrefour will be opening two new stores in Romania. The French retailer entered the supermarket segment in the country by acquiring the 21-store Artima chain last year for €55 million. By the end of this year, 20 Artima stores will be rebranded as Carrefour Express.
Ten Russian food retail companies have asked state banks for a total of €1.4 billion in loans to help survive the global financial crisis. The companies include X5 Retail Group, Magnit, Dixy and Seventh Continent, as well as smaller rivals Lenta, Kopeika, O'key, Holiday, Mosmart and Victoria.
The Rewe Group has been given the go-ahead to takeover 328 Plus stores from Tengelmann in Germany. The German anti-trust body, Bundeskartellamt, has unconditionally approved the acquisition by the country's second-largest food retailer.
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