Fortenova Group: latest news, analysis and trading updates | ESM Magazine

Croatia's Konzum Introduces Payment In Cryptocurrencies

Croatia's largest food retailer, Konzum, has introduced an option of paying with cryptocurrencies in its online shops and will accept nine cryptocurrencies...

Fortenova Changes Management Structure In Bosnia And Herzegovina

Fortenova Group has announced plans to implement a new management structure for its retail companies Konzum and Mercator in Bosnia and Herzegovin...

Fortenova Group Sees Revenue Up 35% In First Half

Fortenova Group has reported 35% year-on-year growth in consolidated revenue from continuing operations in the first half of its financial year. Th...

Discounters Ramp Up The Competition In Bosnia & Herzegovina

Retailers Lidl and Mere have announced that they are seeking to break into the grocery retail market in Bosnia and Herzegovina. Both are hoping to succe...

Serbian Retail Market Worth €4.8bn, Delhaize Biggest Player

Serbia’s grocery retail market grew by 4.8% last year, finishing 2020 with a turnover of €4.8 billion. On a year-on-year basis, non-food sale...

Mercator Group Reports Profit Of €3.1m In Q1 2021

Slovenian retailer Mercator Group has reported a profit of €3.1 million, up 183.9% year-on-year, in the first quarter of its financial year. The gr...

Fortenova Group Commences Transfer Of Shares From Mercator

Croatia's Fortenova Group has commenced the process of transferring the shares of Poslovni sistem Mercator to Fortenova Group. The shares held by Sberba...

Fortenova Group Divests Frozen Food Business To Nomad Foods

Fortenova Group has sold its Frozen Food Business Group (FFBG) to Nomad Foods for €615 million. FFBG consists of the business units Ledo Plus (Croa...