The EPGC investment group owned by Czech Daniel Křetínský and Slovak
Patrik Tkáč, has submitted a public offer for the German business group
Metro. Reuters reported that EPGC had said in a press release that it was
offering amounts for shares that valued Metro at EUR 5.8 billion.
The bid is contingent on EPCG reaching sufficient shares to take control of Metro, a spokesperson for the former said.
Reuters said the investment was part of Mr. Křetínský’s strategy of diversifying his holding into the food and retail sectors. He already owns the tabloid Blesk and Sparta football club.
The Anti-Monopoly Office has fined the food chains Billa and Penny Market
from the REWE group 164 million crowns for abusing their dominant position
on the market.
Both chains reportedly requested a special fee from their suppliers for buying their products, which is banned by the law. The decision is legally binding and both food chains have accepted it.
The centre-right Civic Democratic Party wants the lower house to review the
2016 legislation which stipulates that stores over 200 square metres must
remain closed on given public holidays. The party wants to see the law
scrapped on the grounds that it restricts the rights of both salespeople
and the public.
The legislation was approved thanks to support from the Social Democrats, Christian Democrats and the Communist Party. The ANO government, whose deputies voted against it in 2016, has now taken a neutral stand to the proposal. Under the legislation shops will be closed on December 25th and 26, and shopping hours on December 24th will be restricted.
Cardinal Dominik Duka has criticized the German supermarket Lidl for
erasing crosses on top of an iconic Greek church from its food packaging.
In a letter to the Greek ambassador to the Czech Republic, Duka said it was an unprecedented and uncivilized act. He also warned that the removal of real crosses from churches could follow.
The supermarket giant digitally removed several crosses on the Greek Orthodox building in Santorini from products in its own-label Greek food range which is sold all around Europe.
Lidl representatives said they avoided the use of religious symbols because they didn't want to exclude any religious beliefs.
One of the biggest retail outlets to open in Prague in recent years has been Hamleys, the first Central European branch of the famous UK toy shop. Hamleys was brought to the city by entrepreneur Pavel Čmelík, who had previously introduced other British brands, such as shirt- and suit-maker T.M. Lewin, to the Czech Republic. When we spoke at his office overlooking the bustling Na Příkopě St., the conversation took in pricing, Czech tastes and other aspects of his franchise-based business. But I first asked Čmelík about his own background.
The anti-trust office is preparing to launch administrative proceedings against a number of multi-national food chains, the ctk news agency reports. It has been repeatedly criticized for neglecting this business sphere by the Chamber of Commerce which points to food chains growing profits at the expense of both suppliers and consumers. The anti-trust office said it was conducting close to two dozen investigations into suspected cartel agreements and irregularities.
Čestlice is the name of a small village just outside the eastern city limits of Prague. But it is also the location of a giant out-of-town shopping and warehouse complex filled with large box-type supermarkets. Around me I see a Bauhaus, Kika, JYSK, an Elektro World, and a huge Makro store. There is also a large Aqua Centrum here – a swimming centre. It is just off the D1 motorway, which heads towards the city of Brno. But, surprisingly, this place is also home to a newly-opened farmers’ market.