Pepco today announced it had begun to narrow the negative LfL trend and curtailed CapEx. The company is signalling price investment - in line with

Pepco this morning alluded to data suggesting Central and Eastern European shoppers will rebound over the next year. Management has sensibly scaled back it

Pepco are holding their corporate marketing event today. The outline appears to be in line with our previous comments, in that store roll-out will be

Exactly how the LfL calculations work in a given period is always hard to tell. The sales/store data does deviate somewhat from the LfL published this morning. Let’s say it’s flat.  But the real cracker will

Following the sudden departure of Pepsi’s CEO, the company is announcing a profit warning for the year, along with sweeping changes in Pepsi’s

Trevor Masters has resigned out of the blue and with immediate effect. We know of no reason for the move yet and stunned as we are by the rocky move, we are

Poundland had a better Q3 than we expected with +9% LfL growth. Pepco, meanwhile, came in right on target with €831m of revenue, down -1.2%. The market seemed

Tis done. The restructuring is complete - all the way to the next restructuring. Our analysis and model already reflect the new reality. The CVRs have been

Yesterday was Restructuring Effective Day as the Amsterdam District Court homologated the plan in spite of objections raised by a

Pepco are launching a €300m bond to repay their term A facility of equal size. It is interesting to see the bond market out in front of the private lenders on such a

Pepco’s H123 underlying EBITDA came in slightly low at €211m vs our expected €230m. “The Group remains confident…” in its EBITDA guidance for the year

The restructuring plan was accepted by all classes except the SIHL equity. The plan is therefore set to be accepted. This morning Pepkor have