logo
Aldi Owners Holding Talks About Possible Merger, WiWo Reports

Aldi Owners Holding Talks About Possible Merger, WiWo Reports

Bloomberg2 days ago

The families behind parts of Germany's Aldi empire of discount supermarkets have held talks about a possible merger, WirtschaftsWoche reported on Saturday.
The discussions between the Heister family, which owns Aldi Sued, and two strands of the Albrecht family, which owns Aldi Nord, have been going on for several weeks, the magazine said, citing people close to the families it didn't identify. A proposal under which the two companies would combine under a joint holding company with shares evenly divided between the families' trusts is among scenarios being discussed, according to the magazine.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Germany-bound United flight returns to Houston, canceled due to 'maintenance issue,' airline says
Germany-bound United flight returns to Houston, canceled due to 'maintenance issue,' airline says

Yahoo

time26 minutes ago

  • Yahoo

Germany-bound United flight returns to Houston, canceled due to 'maintenance issue,' airline says

The Brief A United flight heading to Germany returned to Bush Airport on Saturday night. Houston fire officials found no issues with the plane. The flight was eventually canceled. HOUSTON - United Airlines says they're assisting customers after canceling a flight due to a plane issue. What we know The issue happened on United flight UA46, which was set to fly from Bush Airport to Frankfurt Airport in Germany. The flight reportedly took off at about 6:20 p.m. on Saturday, but officials with the Houston Airport System say the plane landed back at Bush at about 7:45 p.m. Houston fire officials say they were alerted about the plane having a mechanical issue. They had a crew waiting for the plane to return to Bush. Fire officials say the plane landed safely, and no smoke or flames were seen. United Airlines confirmed with FOX 26 that the flight was canceled that night. What we don't know There's no information on the "maintenance issue" itself. What they're saying United Airlines sent the following statement to FOX 26: "On May 31, United flight 46 from Houston to Frankfurt safely returned to Houston to address a maintenance issue. The plane had to release fuel to avoid landing overweight. The flight cancelled last night, and we expect to reaccommodate our customers and get them on their way." The Source Information in this report comes from representatives of the Houston Airport System, Houston Fire Department, and United Airlines.

Coles confirms major price move as Woolworths, Aldi supermarket war heats up: ‘Immediate relief'
Coles confirms major price move as Woolworths, Aldi supermarket war heats up: ‘Immediate relief'

Yahoo

timean hour ago

  • Yahoo

Coles confirms major price move as Woolworths, Aldi supermarket war heats up: ‘Immediate relief'

Coles is lowering the prices of hundreds of products in-store and online as the competition to win customers over rivals Woolworths and Aldi intensifies. The supermarket giants have been announcing a raft of discounts in the last few weeks. Coles has revealed plans to cut prices on 307 winter essentials and household staples across meat, bakery, pantry and dairy. It's part of its latest Down Down campaign, which will offer an average saving of 19 per cent for 12 weeks from Wednesday, June 4. It comes just weeks after Woolworths kicked off the price-slashing competition, lowering the price on 400 items until 2026. Aldi has also thrown its hat into the ring, with CEO Anna McGrath telling Yahoo Finance it 'will not be beaten on the cost of your weekly shop'. RELATED Coles and Woolworths checkout move that there's no coming back from: 'Will only accelerate' Coles, Woolworths shelves reveal devastating reality for coffee lovers: 'From $49 to $62' Aussie couple making $1,200 a day from job anyone can do: 'Went off like an explosion' Coles' winter price reductions will be on top of the products currently on Down Down pricing across stores. From Wednesday, customers will be able to shop an average of 588 discounted prices until the end of August. 'This winter we're investing in bringing prices down to deliver immediate relief at the checkout to our customers,' Coles chief commercial officer Anna Croft said. "Whether it's a leg of lamb roasting in the oven, a freezer full of batch-cooked meals, or a simple stir-fry to feed hungry mouths, Coles is helping households make meals they love at lowered prices.' Coles has also launched its first Flybuys Activate Bonus Value Points offer, which will give customers 10 times the points on more than 800 items in June. It also has a range of bonus points offered on selected Liquorland products. Croft said this will allow customers to 'supercharge their points balance' and help them accumulate the 2,000 points needed for $10 off their shop faster. Woolworths, Australia's biggest supermarket chain, announced it would be lowering prices on nearly 400 popular products until at least 2026 last month. The supermarket giant claimed families spending $150 on their weekly shop could now save an average of around $15 a week when buying the discounted products, which include chicken schnitzel, greek yoghurt and frozen berries, along with essentials like flour, bread, rice and nappies. Woolworths CEO Amanda Bardwell said the move marked the start of a 'real, tangible change' for customers and was more than short-term relief. 'This isn't just a short-term promotion; it's about lower shelf prices on the products we know customers regularly shop for, and providing genuine, lasting and dependable value they can count on,' she said. Aldi has pushed back on offering temporary discounts to customers and claimed it would come on top for customers in the supermarket price war. "We've been committed to this promise since day one as we understand that trust isn't built on flash sales, and loyalty isn't earned through discounts alone," McGrath told Yahoo Finance. "So, while some prefer to play a price-drop strategy, we remain focused on what we do best: delivering quality products at everyday low prices. We are committed to maintaining this promise." Aldi has consistently been found to be the cheapest option by CHOICE's government-funded supermarket price report. It found Woolworths was $15.83 more expensive than Aldi for a basket of 14 essential items, including milk, butter, bread, pasta, mince and fresh fruit and vegetables. Coles was $15.33 more expensive, while IGA was $23.54 more.

KKR raises conditional offer for German IT services firm Datagroup
KKR raises conditional offer for German IT services firm Datagroup

Yahoo

timean hour ago

  • Yahoo

KKR raises conditional offer for German IT services firm Datagroup

(Reuters) -Frankfurt-listed IT services provider Datagroup SE said on Sunday that KKR has made a conditional proposal to increase the potential acquisition offer to up to 58 euros ($65.84) per share. KKR initially offered 54 euros per share in an all-cash transaction valuing Datagroup at approximately 450 million euros. Under the revised terms, the offer price will rise to 56.50 euros a share if the bidder secures at least 80% of outstanding shares and if it reaches 90%, the offer will stand at 58 euros per share. If neither of these thresholds is met, the original offer price will remain unchanged, the statement said, adding that the acceptance period runs until June 6, 2025. KKR also explicitly ruled out a further increase of the offer price. Datagroup will delist from the stock exchange once the purchase is settled, with closing expected in the third quarter of 2025. The IT services provider has about 3,700 employees at locations across Germany and expects revenue to grow to between 545 million euros and 565 million euros in the current year, the company said in March. ($1 = 0.8813 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store