Seven takes Bauer to court over mags deal

Original article by Lilly Vitorovich
The Australian – Page: 15 : 9-Apr-20

Seven West Media has stated that Bauer Media’s contract to buy Pacific Magazines is unconditional following recent regulatory approval for the $40m deal. Seven has launched court action to ensure that Bauer completes the deal. There has been speculation that Germany-based Bauer could withdraw from the Australian market following its decision to shut down its New Zealand arm. Seven in turn has flagged the possibility of further asset sales to reduce its $541m debt.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, PACIFIC MAGAZINES PTY LTD, BAUER MEDIA AUSTRALIA PTY LTD, BAUER MEDIA KG

Kaufland exit helps Coles

Original article by Eli Greenblat
The Australian – Page: 17 : 24-Jan-20

JP Morgan analyst Shaun Cousins says Coles and Metcash have most to gain from Kaufland’s decision to abandon the $100 billion Australian grocery market before it had even opened a store. He says the gap in the market that the German retailer had sought to fill was not obvious, while Citigroup’s Bryan Raymond says Kaufland’s exit has removed a major risk from what he says has been a very rational grocery industry in the past 12 months.

CORPORATES
COLES GROUP LIMITED – ASX COL, METCASH LIMITED – ASX MTS, KAUFLAND STIFTUNG & CO KG, JP MORGAN AUSTRALIA LIMITED, CITIGROUP PTY LTD

Retail invasion over as Kaufland beats a retreat from the Australian market

Original article by Eli Greenblat
The Australian – Page: 15 & 23 : 23-Jan-20

Shares in grocery retailers Coles and Woolworths rallied on 22 January, after German supermarket group Kaufland announced that it has abandoned plans to expand into the Australian market. Kaufland has advised that its 200 employees in Australia will receive their full entitlements; the majority had previously been employed by Coles or Woolworths. Schwarz Group is believed to have invested about $500m in Kaufland’s Australian operations, with plans to open at least 20 stores across the country.

CORPORATES
KAUFLAND STIFTUNG & CO KG, SCHWARZ GROUP, COLES GROUP LIMITED – ASX COL, WOOLWORTHS GROUP LIMITED – ASX WOW

Kaufland set to open first store, suppliers told

Original article by Eli Greenblat
The Australian – Page: 19 : 30-Apr-18

Grocery suppliers have been advised by German supermarket operator Kaufland that it plans to open its first Australian stores by the end of 2018. Kaufland has been advertising for executives in the past few months, with former Metcash and Woolworths executive Mark Hewlett joining it as chief operating officer. Its latest advertisements have called for executives with experience in areas such as fashion, accessories and homewares, leading to suggestions that it might be trying to take customers from general merchandise stores such as Kmart, Target and Big W.

CORPORATES
KAUFLAND STIFTUNG & CO KG, METCASH LIMITED – ASX MTS, WOOLWORTHS GROUP LIMITED – ASX WOW, KMART AUSTRALIA LIMITED, TARGET AUSTRALIA PTY LTD, BIG W DISCOUNT STORES, COLES SUPERMARKETS AUSTRALIA PTY LTD, ALDI STORES SUPERMARKETS PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, DAVID JONES LIMITED, MYER HOLDINGS LIMITED – ASX MYR

Kaufland bid a shock to industry veteran

Original article by Simon Evans
The Australian Financial Review – Page: 18 : 10-Oct-17

Businessman Roger Drake says Australia’s supermarket sector is the most competitive it has been in four decades. Competition is set to intensify with confirmation that Kaufland will enter the local market. It recently paid $A25m for a 3.6-hectare site in Adelaide, and Drake says he had expected the German group’s first store to be in Sydney or Melbourne. Drake notes that independent greengrocers appear to have been hit harder by Aldi’s entry to the South Australian market than the Foodland stores that he owns in the state.

CORPORATES
KAUFLAND STIFTUNG & CO KG, ALDI STORES SUPERMARKETS PTY LTD, FOODLAND AUSTRALIA LIMITED, DRAKE FOODMARKETS, COLES SUPERMARKETS AUSTRALIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, KMART AUSTRALIA LIMITED, BIG W DISCOUNT STORES, CBRE PTY LTD

Aldi favours shock and awe over surprise in SA invasion

Original article by Sue Mitchell
The Australian Financial Review – Page: 26 : 19-Nov-15

Germany-based Aldi aims to open 16 stores in South Australia during 2016, with the first store slated to open on 3 February. Tom Kierath of Morgan Stanley forecasts that Aldi will boast a market share of about five per cent within 12 months of entering the state’s grocery sector. More than 35 per cent of Australians now shop at an Aldi store in an average four-week period, according to a survey by Roy Morgan Research. Aldi will also expand into Western Australia in 2016.

CORPORATES
ALDI STORES SUPERMARKETS PTY LTD, ROY MORGAN RESEARCH LIMITED, UBS HOLDINGS PTY LTD, COLES SUPERMARKETS AUSTRALIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, IGA, METCASH LIMITED – ASX MTS

Bauer takes a Nova approach to sector entry

Original article by Dominic White, Max Mason
The Australian Financial Review – Page: 26 : 12-Oct-15

Germany-based Bauer Media Group is said to still be keen to acquire commercial radio stations in Australia, after being rebuffed by Nova Entertainment in 2014. Bauer is believed to have made an indicative offer of about $A450m to acquire Nova, which is owned by Lachlan Murdoch. Bauer paid $A525m for ACP in 2012, and has since discontinued a number of print magazines.

CORPORATES
BAUER MEDIA KG, NOVA ENTERTAINMENT PTY LTD, ILLYRIA PTY LTD, ACP MAGAZINES LIMITED, DAILY MAIL AND GENERAL TRUST PLC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, SBS DISCOVERY RADIO, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC