Axfood AB

AXFO

SE0006993770

Food Retail & Distribution

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2024-12-06 pm EST			5-day change	1st Jan Change
236.90 ^SEK	+0.17%		+1.37%	-13.22%

Nov. 27	Stockholm Bullets - Saniona rallies on license deal	FW
Nov. 27	Good time to step into Axfood - EFN	FW

New CEO for City Gross after Axfood acquisition

November 04, 2024 at 03:16 am EST

After the grocery company Axfood acquired City Gross, a new CEO is now appointed for the unit.

The former marketing manager of Willys, Patrick Grabenbauer, will be the new CEO of City Gross. In addition to a new CEO, the business has also got a new board.

"With Axfood as the new owner, we will now invest in City Gross and strengthen the chain's position. Patrick Grabenbauer has been a key person behind Willys' success for a long time and has a solid experience of, among other things, brand and concept development, digitization and business development," says Nicholas Pettersson, CEO of Willys and newly appointed chairman of City Gross.

The acquisition of City Gross was completed on November 1.

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Latest news about Axfood AB

Stockholm Bullets - Saniona rallies on license deal	Nov. 27	FW
Good time to step into Axfood - EFN	Nov. 27	FW
Di adds AAK to dividend portfolio, Atrium Ljungberg removed	Nov. 21	FW
Postnord and Axfood expand their focus on parcel boxes	Nov. 18	FW
Sales in the grocery trade rose 5.0 percent in October - Dagligvaruindex	Nov. 14	FW
Cliens Small & Micro Cap fell 4.8% in October - invests in Axfood	Nov. 11	FW
Axfood's share a good option for patient investors - Di	Nov. 08	FW
Food prices rose by 0.2% in October - Matpriskollen	Nov. 05	FW
Chelonia Select increased 1.99 percent in October - positive effects from Hoist and Byggmax	Nov. 05	FW
Thomas Ekman was forced out of the CEO job at Axel Johnson - Di	Nov. 04	FW
Axfood Chairman to Exit in March 2025	Nov. 04	MT
New CEO for City Gross after Axfood acquisition	Nov. 04	FW
Axel Johnson CEO to step down after just over a year - declines re-election as Chairman of Dustin and Axfood	Nov. 04	FW
Axfood AB Announces Thomas Ekman Chairman of the Board to Leave At the AGM on 19 March 2025	Nov. 04	CI
Nordnet's savers bought report winners and sold report losers in October	Oct. 31	FW
Lowered profit estimates for Axfood after report	Oct. 31	FW
Avanza savers bought most Investor, Axfood and Concentric in October	Oct. 31	FW
Board member of Axfood buys shares for just over SEK 0.2 million	Oct. 25	FW
Target price cut for Axfood after disappointing report	Oct. 25	FW
Danske Bank lowers target price for Axfood to SEK 225 (255), reiterates sell - BN	Oct. 25	FW
Kepler Cheuvreux lowers target price for Axfood to SEK 290 (310), reiterates Buy	Oct. 25	FW
DNB lowers target price for Axfood to SEK 300 (320), reiterates Buy - BN	Oct. 25	FW
Carnegie lowers target price for Axfood to SEK 260 (300), reiterates hold - BN	Oct. 25	FW
SEB lowers target price for Axfood to SEK 230 (240), reiterates sell - BN	Oct. 24	FW
Axfood AB, Q3 2024 Earnings Call, Oct 24, 2024	Oct. 24

Chart Axfood AB

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Company Profile

Axfood AB is a Sweden-based company engaged in the food retail and wholesale trade in Sweden. The Companyâs retail business is conducted through three wholly owned chains: Willys, specializing in discount food retail; Hemkop, which is engaged in the sales of food retail products, and PrisXtra, which is a grocery chain serving the Stockholm market. The Company owns and operates over 200 retail stores. The Companyâs wholesale business is conducted through Dagab, which supplies Axfood Group and the Vi chain, and Axfood Narlivs, a convenience store wholesaler. Axfood has a portfolio of private labels, including Hemkop, Garant, Garant Ekologiska varor, Aware, Saklart, Func and Fixa. Among others, the Company operates via Middagsfrid AB. The Company's major shareholder is Axel Johnson AB.

Employees

13,000

Sector

Food Retail & Distribution

Calendar

2025-01-30 - Q4 2024 Earnings Release

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