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Swedish Food Giants Cite External Factors for Price Hikes Amid Tough Competition

Minister for Finance Elisabeth Svantesson (M) called on Thursday representatives for the food industry to a meeting due to the high food prices. But the food giants blame the price increases on circumstances they cannot control.
Swedish Food Giants Cite External Factors for Price Hikes Amid Tough Competition

Dadgostar Urges Legislation to Tackle Soaring Food Prices in Sweden

The Left Party's party leader Nooshi Dadgostar says that the government needs to legislate if the food giants do not start lowering their prices. For example, introduce an excess profit tax so that the incentive to raise prices in this way does not exist, says Dadgostar at a demonstration against the food giants.
Dadgostar Urges Legislation to Tackle Soaring Food Prices in Sweden

Trade ahead of crisis meeting: No Swedish phenomenon

Representatives of the food industry, who are invited to next week's crisis meeting, believe that they are already doing everything they can – and hope for understanding. It is not a Swedish phenomenon, says Karin Brynell, CEO of Svensk Dagligvaruhandel.
Trade ahead of crisis meeting: No Swedish phenomenon

These are the companies with the lowest confidence

Northvolt, Tesla, and H&M. These are some of the companies with the lowest confidence among Swedes, according to the latest confidence barometer.
These are the companies with the lowest confidence

Axfood: Difficult to predict food prices

The low-price chain Willys continues to strengthen its market position. When it comes to food prices, there are many factors that can affect the future.
Axfood: Difficult to predict food prices

Hybrid meat takes its place on store shelves

Mixing minced meat with vegetables has become a hit. The new hybrid minced meat is cheaper, healthier, and more environmentally friendly.
Hybrid meat takes its place on store shelves

The Food Chain Gets a New CEO

Recently, it became clear that the food company Axfood got the thumbs up from the Competition Authority to buy the competitor City Gross. In connection with Axfood becoming the new owner, City Gross gets a new board of directors where Patrick Grabenbauer becomes the new CEO, the food chain announces in a press release.
The Food Chain Gets a New CEO

Small savers abandon Tesla and Ericsson

Small savers brought home the winnings in the price rockets Ericsson and Tesla. This is shown by new monthly statistics from Nordnet and Avanza.
Small savers abandon Tesla and Ericsson

Gaming companies surged on report-heavy stock exchange

The Stockholm Stock Exchange fluctuated up and down on the season's most report-filled trading day. Upwards pulled the gaming company Evolution, while the major banks weighed down.
Gaming companies surged on report-heavy stock exchange

New Axfood CEO Named Businesswoman of the Year

Axfood's new CEO Simone Margulies is appointed Årets Ruter Dam. The prize goes to the woman who during the year has taken the most influential executive position.
New Axfood CEO Named Businesswoman of the Year

Meal Boxes Being Discontinued and Merged

The food suppliers are having a tough time economically. Now, Axfood is announcing that it is discontinuing Middagsfrid and merging the cash registers in an agreement with Linas Matkasse, according to a press release.
Meal Boxes Being Discontinued and Merged

New Billion-Loss - More Owner Capital to Mathem

It was again a billion-loss for Mathem, shows the annual report for 2023, writes Dagligvarunytt, which has been noted by Dagens industri. But now the owner group behind the food delivery company announces that the new financing round has brought in at least 800 million kronor, writes DI Digital.
New Billion-Loss - More Owner Capital to Mathem

Axfood CEO presents report with a setback

The food concern Axfood falls hard on the Stockholm Stock Exchange after an interim report for the second quarter, down 8 percent. The unexpectedly weak result is primarily due to disruptions in logistics, according to outgoing CEO Klas Balkow.
Axfood CEO presents report with a setback

Competition Shrinks – Axfood Buys Citygross

Food conglomerate Axfood, with Willys and Hemköp among the chains, is buying competitor Citygross. Fewer players are a risk for worse competition, according to the Competition Authority, which has analysed the food market over the past year in the wake of soaring prices.
Competition Shrinks – Axfood Buys Citygross

Axfood winner on struggling Stockholm stock exchange

The Stockholm stock exchange fell on Tuesday. The broad OMXS-index decreased by 0.
Axfood winner on struggling Stockholm stock exchange
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