Retail

Don't fear Amazon say backers of revival for European grocers

Europe’s grocery stocks find favour with some investors with hopes for better 2018.

bloomberg

20.12.2017

Battered by concerns over the threat posed by Amazon and discount competitors, Europe’s grocery stocks are finding favour with some investors on hopes for a better 2018.

While increasing competition is a worry, changes to buying relationships with suppliers should help ease margin and price pressure going forward, according to Ian Ormiston, a European equity fund manager at Old Mutual Global Investors, whose European Equity (ex-UK) Fund holds both Ahold Delhaize and Carrefour.