Issue 2018 September 4th

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    Coca-Cola is to buy the Costa coffee chain from owner Whitbread

    Coca Cola has agreed to pay £3.9bn to purchase Costa Coffee from Whitbread, which had intended to spin off the chain as a separate firm, but said a straight sale was more profitable. Chief executive Alison Brittain said Whitbread would now focus on its Premier Inn hotel business in the UK and Germany. Whitbread bought [...]
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    IKEA Centres unveils plans to extend Russian leisure offers

    IKEA Centres is unveiling major new modern parks and outdoor spaces across its portfolio of Russian malls. The state of the art parks and outdoor spaces mark a key milestone in IKEA Centres vision to transform its 14 MEGA branded Russian retail destinations into vibrant meeting places for the next generation and a more omni [...]
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    Polish acquisitions and expansion lead CEE markets

    Atrium European Real Estate has signed an agreement to acquire Wars Sawa Junior, a prime retail asset located in the centre of Warsaw, for €301.5m. The vendor is PFCEE, a fund managed by CBRE Global Investors. Following the transaction, Atrium’s loan to value ratio will increase from 33.5% to approximately 37%, in line with the company’s expectations. The transaction [...]
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    Amazon joins Apple as $1 trillion business

    Amazon has become the second company to be valued by Wall Street at $1tn, a matter of weeks after Apple reached the milestone first. Today, a rise in the share price of Amazon, which is listed on the Nasdaq stock exchange in the US, briefly took it above the trillion-dollar watermark for the first time. The company’s [...]
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    ECE successfully concludes ‘At Your Service’ pilot

    ECE has successfully finished the trial of the services offered at Alstertal-Einkaufszentrum (AEZ), which were implemented in the context of its “At Your Service” campaign. Consequently, the already high customer satisfaction ratings have increased further, as shown by the results of a survey conducted at the end of the “At Your Service” pilot project at [...]