Austrian Times RSS FeedsLike the Austrian Times Facebook page!Follow us on Twitter!


Events for July
M T W T F S S
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3
Add your event FREE

Today

Videos


BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria


Cosmo&Nanu

The new owner of struggling supermarket chain Zielpunkt has rubbished rumours that he plans a sale.

Satek says sale speculations are baseless

The new owner of struggling supermarket chain Zielpunkt has rubbished rumours that he plans a sale.

Business newspapers are speculating about a sale of the firm in the foreseeable future due to stagnating earnings and decreasing turnover. Zielpunkt has 300 stores in Austria. Most of them are situated in capital Vienna. The enterprise has around 3,000 employees. Zielpunkt’s turnover dropped from 550 million in 2010 to 540 million Euros last year.

German-Czech businessman Jan Satek and two business partners, whom he refuses to identify, took over Zielpunkt as of 1 January. The engagement was made public in February. Satek – who explained he had paid a "seven-digit figure" to acquire Zielpunkt – told the Kurier today (Tues) that he had not been holding talks about a takeover with German supermarket enterprise Edeka.

Satek was nominated as Zielpunkt boss by German-Luxembourgian investment company BluO in 2010. Zielpunkt has a low one-digit market share in Austria where market leaders Billa, Spar Austria and Hofer claim 80 per cent altogether. A spokesman for Edeka denied claims that the firm was negotiating a takeover of Zielpunkt with Satek.

Zielpunkt was named Plus for some years in a failed attempt to increase its earnings. Satek said he was convinced that Zielpunkt had good chances to prosper in the near future despite the current difficulties. Austria’s leading supermarket companies manage around 5,000 stores at the moment, according to a study. Back in 2004, there were 5,700 supermarkets in Austria. Zielpunkt was called Plus between 2003 and 2008.

Renowned businesspeople and former People’s Party (ÖVP) Health Minister Maria Rauch-Kallat are part of its supervisory board. Rauch-Kallat underlined that she had not invested in Zielpunkt. Speaking to the Kurier, the ex-politician said that her husband Alfons Mensdorff-Pouilly had not done so either. Mensdorff-Pouilly is one of Austria’s best-known lobbyists. He consulted leading telecommunications company Telekom Austria (TA) and was allegedly involved in some of the firm’s most crucial takeovers and assignments in recent years.

Austrians are spending 12 per cent of their incomes on average on food. Households of the country have a monthly food shopping budget of 220 Euros. Another 110 Euros are paid out in cafes and restaurants, federal statistics authority Statistik Austria found. Milk and potatoes are Austrians’ favourite fresh food. Every Austrian consumes 38 litres of milk and nearly 10 kilograms of potatoes a year. Apples are in third place with an average annual consumption of seven kilograms.

Agrarmarkt Austria (AMA) said sales of organic food helped Austrian supermarkets and specialised shops to a profit of 304.4 million Euros in 2011. This is a decrease of 0.6 per cent compared to 2010, according to AMA. Especially organic eggs, potatoes and milk are in great demand.

Austrian Times


Are you on Facebook? Like the Austrian Times on Facebook and win great prizes!


Cosmo and Nanu
ORF Watch

Related articles: Vienna focus

  1. An Austrian Island Escape at the Insel Hotel

    » Travel 2013-04-01

    Looking out of the window you may think of anything other than summer, but it is rapidly approaching and that means one thing - Summer holidays!

  2. A night of glitz and glamour at Vienna Filmball 2013

    » Panorama 2013-03-18

    Glamour and glitz were out in force at the weekend as stars from Austria and further afield flocked over the red carpet into the Vienna City Hall for a night of awards, dance and partying!

  3. Bonbon Ball crowns Miss Bonbon 2013!

    » Panorama 2013-02-11

    By far the sweetest event in the Vienna Ball season - the Bonbon Ball took place this weekend.

more related articles tagged "Vienna focus"

Related articles: EU

  1. Best of the bookshelf in May, part four

    » Panorama 2012-05-31

    A Harvard University professor’s book on the killing of Osama Bin Laden, a collection of funny experiences on planes and many more interesting releases are out now.

  2. Drachma reintroduction 'would mean social explosion'

    » General News 2012-05-31

    A renowned economist has warned from reintroducing the drachma in Greece.

  3. EC warns debt-ridden Austria

    » General News 2012-05-31

    Austria has been criticised for its high public debts.

more related articles tagged "EU"

Related articles: crisis

  1. Drachma reintroduction 'would mean social explosion'

    » General News 2012-05-31

    A renowned economist has warned from reintroducing the drachma in Greece.

  2. EC warns debt-ridden Austria

    » General News 2012-05-31

    Austria has been criticised for its high public debts.

  3. Property prices keep climbing

    » Business 2012-05-31

    A real estate expert has expressed concerns about property prices in Austria.

more related articles tagged "crisis"

Tag cloud:
sale  Edeka  Zielpunkt  Austria  Kallat  ndash  supermarket  German  Pouilly  takeover  Satek  Mensdorff  digit  Kurier  Euros  Rauch  rsquo  food  leading  potatoes

Latest News

 

Teen Dying Of Cancer Killed At Charity Event After Ride In Porsche Goes Wrong
The family of a sick boy who was offered a trip in a high-performance Porsche because he was dying of cancer is suing the charity after the Porsche he was travelling in crashed head-on into oncoming traffic.

Japanese Pervert Planned Natascha Kampusch Style Kidnap
A Japanese man inspired by Austrian pervert Wolfgang Priklopil kidnapped a 10-year-old girl and kept her in a purpose-built cellar where he planned to train her to become the perfect wife.

German Hiker Yodels For Help After Getting Trapped In Cattle Grid
A portly hiker dressed in traditional Lederhosen was rescued after he yodeled for help after getting stuck for three hours in a cattle grid.

Austrian Wine Grower Sets New Record For Maturing Grapes
An award-winning Austrian winegrower is believed to have set a new record after leaving harvested grapes for an incredible nine months before fermenting them to create an ultra-sweet white and red wine.

Austrian Castle Owner Shocked By Airplane Wheel In Duck Pond
An Austrian castle owner got a shock after discovering this massive aircraft wheel had landed in his duck pond.

Glock Receives Austrian Award At Birthday Party
Austrian gun maker Gaston Glock has celebrated his 85th birthday with a huge ceremony in which the charitable work of himself and his wife Kathrin was honoured with a top Austrian award, and confirmation that this year two streets and a business park are to be named after him.

Sausage Surprise As Giant Wurst Is Pinched
Austrian police are hunting crooks who broke open a market stall and stole a 1.5 metre sausage worth over 2,000 EUR in the picture postcard village of St Michael in the region of Lungau.

Multi Coloured UFOs In Formation Over Austria
Austrian officials say they are baffled to explain a UFO sighting in which dozens of people reported seeing between 50 and 100 objects flying in formation.

Priests Furious After Porn Films Shot In Local Parish Church
A furious Austrian Catholic priest has complained to police after discovering a local woman had apparently been using his church as a studio to make porn films.

Two metre snake sends woman motorist fleeing
An Austrian motorist got a shock after noticing something hanging down from under her car – and realising it was a huge two metre snake that had ended up curled around the engine.

 


Mala Vrata

The most popular stories –
last 7 days



Don't moan alone, the Ombudsman Investigates.

Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.

Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.


Austrian Zimmers