Dutch retail chain Ahold is seeking to leapfrog its rivals with the purchase of Spar’s Czech outlets. Ahold has agreed to pay over 5 billion crowns for the 36 Czech hypermarkets and 14 supermarkets operated by the Austrian firm. The extra annual sales of around 15 billion crowns would catapult Ahold from third to first place as the Czech Republic’s biggest retailer. Ahold currently trails Kaufland and Tesco. The deal has still to be approved by the Czech competition office.
Positive news for Czech consumers as EU readies anti-dual food quality rules
Czech town offered million hours of free porn in promotional move
Proposed new Prague development framework sets urban targets for future decades
Most successful ever Czech crowd funding project fuels relaunch of iconic Čezeta scooter
Floating Czech crown fails to realise worse fears