Mercator

Maxim, the legendary Ljubljana restaurant, has closed after serving as a hub of haute cuisine in the Slovenian capital for more than 50 years.

Located near Slovenia's parliament building, the headquarters of NLB and the Cankarjev Dom cultural centre, Maxim has for years been a place where the elite met either for business or pleasure.

Ljubljana – Mercator, the leading grocery group in Slovenia, generated EUR 2.2 billion in sales revenue in 2021, up 1.6% over 2020, while its net loss decreased from almost EUR 157,000 to EUR 2,150, shows its annual report released on Monday.

Ljubljana – Dnevnik reports on Tuesday that after the Slovenian retailer Mercator had been transformed from a joint stock company into a limited liability company at the beginning of the month, the procedure has been launched in the region to merge certain business functions of Mercator and the Croatian retail chain of Konzum.

Ljubljana – Mercator, Slovenia’s largest retailer, recovered from last year’s deep loss as it posted a net profit of EUR 12.6 million for the first nine months of the year. Sales revenue was up by almost a percent to EUR 1.63 billion, shows the group’s earnings report released on Thursday.

Ljubljana – Ljubljana Mayor Zoran Janković entered a not guilty plea at an arraignment hearing at the Ljubljana District Court on Friday in a case of tax evasion concerning the sale of retailer Mercator shares in 2006. His two sons also pleaded not guilty as well but they did not attend the hearing.

Ljubljana – Retail group Mercator posted a net profit of EUR 10.6 million in the first half of the year after reporting a loss of EUR 69 million in the same period a year ago due to property revaluation and writedowns. Sales revenue was down 0.4% to EUR 1.1 billion.

Ljubljana/Zagreb – Croatia’s Fortenova Group increased its share in Slovenian retail group Mercator from 88.1% to 89.11% during a takeover bid for the remaining 724,764 Mercator shares Fortenova does not already own. A total of 154 Mercator shareholders accepted Fortenova’s offer of EUR 36 per share in cash.

Ljubljana – Fortenova, a group based in Croatia’s Zagreb, published on Wednesday a takeover bid for the remaining 724,764 shares of Slovenian retail group Mercator it does not already own. It is offering to pay EUR 36 per share in cash.

The bid is open for 29 days, that is until 23 June, unless it is extended, the group said in the Slovenian newspaper Delo on Wednesday.

Zagreb – The Croatian group Fortenova and Slovenian retailer Mercator have signed a contract under which the latter will get a EUR 385 million loan to restructure its debt to creditor banks, in a move that further enables the transfer of the Slovenian retailer from the bankrupt former owner Agrokor to Fortenova.

Belgrade – Serbia’s competition protection authority has cleared the transfer of Slovenian retailer Mercator to Croatian group Fortenova, thus clearing yet another hurdle for the step that follows the bankruptcy of Fortenova’s predecessor Agrokor. Fortenova expects the transfer to be completed at the end of the month.