Sunday, June 21, 2020

On Thursday, UK-based retailer Tesco and Denmark-based retailer Salling Group announced their agreement over selling a large portion of Tesco’s Polish operation to Salling Group. Tesco stated its intention to leave the Polish market altogether, Salling its intention to strengthen its Netto chain in Poland.

The deal covers 301 stores, two distribution centers and the head office. With the acquisition Salling said it seeks to improve its coverage in Southern Poland and, over 18 months at a cost of one billion z?otys, intends to merge these stores into its currently 386 strong Netto chain. Salling also takes over about 7000 employees from Tesco — Netto Poland currently has about 5000 employees. Tesco continues to run 19 stores, which were not included in this package.

The sale price, to be payed in cash, is 900 million z?otys (181 million pounds). In the 2019/20 fiscal year, Tesco said its Polish branch had a 24 million pounds operating loss with a 1368 million pounds turnover; to which the sold units contributed with a 947 million pounds turnover for a 107 million loss. At fiscal year-end, the sold units held a value of 681 million pounds in the books.

UOKiK, the Polish anti-monopoly agency, has to approve the deal. The parties said they expect a decision this year.

Tesco has suffered losses from its Polish operation for several years, as customer preference has shifted away from hypermarkets, Tesco’s preferred store size, to smaller discount stores like Biedronka and LIDL. The Sunday trade ban, introduced in 2018, also hurt sales. According to Notes from Poland (NFP), some discount stores resorted to offer postal services, a loophole which allows Sunday opening hours.

In 2015, Tesco centralized its management in the Central European region, comprising Czechia, Hungary, Poland, and Slovakia, but reverted the decision later on. At the time, the company invested in e-commerce and started home deliveries, but Gazeta Prawna reports only 0.5% of Polish grocery turnover comes from this segment, compared to 7% in the United Kingdom.

In the past few years, Tesco Polska has cut expenditures by streamlining its product range, halving its staff, shutting off home deliveries in parts of the country, and closing off stores, reportedly including last year its Poznan distribution center. Deutsche Welle (DW) reported in mid-2019, 62 Tesco outlets had closed within a year. Staff layoffs left meat, fish and delicatessen departments without designated shop assistants, and forced staff canteen closures and administration simplifications.

Tesco sold its roughly 2000 Thai and 74 Malaysian stores to Charoen Pokphand in March; announced leaving its joint venture with China Resources Holdings in February; and in 2015 sold its South Korean chain HomePlus. Speaking to Portfolio.hu, Matt Simister, Tesco’s CEO for Central Europe, explained that the company held a 4% share of the Polish retail market, compared to its 16% share in Hungary, and stated they want to stay in Hungary. In a DW report in March of last year, Dave Lewis, CEO of Tesco, stated they did not have intentions of leaving Thailand or Poland.

Tesco’s Polish operation, according to Gazeta Wyborcza in March, is too big for a single monolithic sale. The chain’s press release reported 22 sold units in the past year and a half, for around 200 million pounds. NFP named the Kaufland chain and property developer Echo Investment among the buyers.

Both Tesco and Salling entered the Polish market in 1995.

Sunday, August 6, 2006

A man who fell ill after participating in a drug trial at Northwick Park Hospital in north-west London earlier this year has revealed he has the early signs of an “aggressive” form of cancer.

David Oakley was one of six men who volunteered to take part in a trial of a drug intended to cure conditions like rheumatoid arthritis and leukemia in March. But after taking the drug, the thirty-five year-old suffered multiple organ failure and prominent inflammation.

Mr Oakley, who lives in west London, told today’s Mail on Sunday that doctors have informed him he has “definite early signs” of lymph cancer. He also fears he could develop other debilitating illnesses like rheumatoid arthritis, multiple sclerosis, chronic fatigue syndrome and lupus. He will now undergo tests to see what treatments will be required. “It’s very frightening,” he told the newspaper. “I’m trying not to be too down about the thought of having chemotherapy or that I might die.”

Mr Oakley was paid £2,000 for his involvement in the trial, and that money subsidised his marriage to wife Katrina in June. He now fears their hope of having children has been jeopardised as a result of his ill health. “Katrina and I had planned to start trying for children six months after getting married, but we can’t do that now. Everything is on hold.”

There is nothing to suggest that Mr Oakley’s cancer was triggered by the experiment. He is now seeking compensation from Parexel, the company which organised the drug trial. “Really, I’m just trying to do my bit and pointing out their mistake. If someone doesn’t point it out it could happen again and there’s no way I would like to see someone else go through what we’re going through right now.” Earlier this year, six men had to be admitted to an intensive care unit at the same hospital, in another Parexel drug trial which caused much upset.

Sunday, August 6, 2006

A man who fell ill after participating in a drug trial at Northwick Park Hospital in north-west London earlier this year has revealed he has the early signs of an “aggressive” form of cancer.

David Oakley was one of six men who volunteered to take part in a trial of a drug intended to cure conditions like rheumatoid arthritis and leukemia in March. But after taking the drug, the thirty-five year-old suffered multiple organ failure and prominent inflammation.

Mr Oakley, who lives in west London, told today’s Mail on Sunday that doctors have informed him he has “definite early signs” of lymph cancer. He also fears he could develop other debilitating illnesses like rheumatoid arthritis, multiple sclerosis, chronic fatigue syndrome and lupus. He will now undergo tests to see what treatments will be required. “It’s very frightening,” he told the newspaper. “I’m trying not to be too down about the thought of having chemotherapy or that I might die.”

Mr Oakley was paid £2,000 for his involvement in the trial, and that money subsidised his marriage to wife Katrina in June. He now fears their hope of having children has been jeopardised as a result of his ill health. “Katrina and I had planned to start trying for children six months after getting married, but we can’t do that now. Everything is on hold.”

There is nothing to suggest that Mr Oakley’s cancer was triggered by the experiment. He is now seeking compensation from Parexel, the company which organised the drug trial. “Really, I’m just trying to do my bit and pointing out their mistake. If someone doesn’t point it out it could happen again and there’s no way I would like to see someone else go through what we’re going through right now.” Earlier this year, six men had to be admitted to an intensive care unit at the same hospital, in another Parexel drug trial which caused much upset.

Sunday, May 21, 2006

Andrew Martinez, a former student at the University of California at Berkeley who was better known as “The Naked Guy” in the early 1990s, committed suicide on Thursday. He was 33.

Guards at the Santa Clara County Jail reportedly found Martinez unconscious in a jail cell, with a plastic bag cinched around his neck, at about 11:19 p.m. Wednesday. Martinez was taken to a local hospital where was pronounced dead early Thursday. He had been incarcerated since January 10 on charges of battery and assault with a deadly weapon.

Martinez is best known for attending his classes in the nude in the fall of 1992. He became an instant celebrity, appearing on national television talk shows where he defended his practice as a form of free speech and a challenge to sexual repression in Western society.

Martinez was eventually expelled from UC Berkeley for violating the school’s code of conduct, and Berkeley city officials passed a strict anti-nudity ordinance.

Family and acquaintances report that Martinez had been suffering from undetermined mental illness over the past decade for which he never found comprehensive treatment, and had been in and out of halfway houses, psychiatric institutions, and jail.

Said close acquaintance Bryan Schwartz, a civil rights lawyer in Washington, D.C., “He was a person with tremendous gifts and charisma who could have been a great asset to our society, but instead I feel like society — me included — failed him. It’s such a waste.”

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