Industry Developments

Drinks group Central European Distribution Corporation (CEDC) has agreed a deal with Russian Standard that will see the latter pump up to US$310mn into the drinks firm in exchange for... 2012-04-27

At the same time as curbing the consumption of beer and spirits with additional taxes, the Russian government has signalled its support for the domestic wine industry. A statement from... 2012-04-13

French newspaper Les Echos has reported that local drinks group Belvédère has received interest in its Polish vodka brand Sobieski and could be considering a sale. The report suggests... 2012-03-02

A report in the Wall Street Journal has stated that Eastern European brewer StarBev, owned by private equity firm CVC Capital Partners, has been the subject of a number of takeover... 2012-02-23

Belgian retailer Louis Delhaize has announced plans to build up to 17 hypermarkets in Romania after securing a loan of EUR210mn from the European Bank of Reconstruction and Development... 2012-02-22

Russian-based vodka producer Russian Standard has made an offer to Poland-based Central European Distribution Corp (CEDC) that could see it take a 32.99% stake in the business. CEDC... 2012-02-03

A report by Russian news channel RT has stated that local sparkling wine producer Abrau-Durso is planning to list on the Moscow Stock Exchange. According to the report, the firm will... 2012-02-02

After revealing that it expects its net income to have fallen by 21.6% in 2010 due to a challenging business environment, Slovenian retailer Mercator has announced that it intends to... 2012-02-01

UK-based biscuit company Burton's has announced plans to build sales of its Wagon Wheel brand in the Russian market. Speaking to the Financial Times the company's CEO Ben Clarke stated... 2012-01-30

Russian mass grocery retail (MGR) operator X5 Retail Group's recent financial showing is reflective of an increasingly challenging demand environment in the country. Although X5 reported... 2012-01-26