Starbucks cuts another 224 jobs despite growing revenue
Starbucks is cutting 224 office jobs as part of a new round of restructuring under CEO Brian Niccol. The cuts will affect employees based at the Seattle headquarters and those in…
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The Friday Checkout: Walmart and Target each put a unique spin on grocery
In reporting their latest earnings, the retailers made clear that they depend heavily on their food and beverage businesses as they look to stand out to consumers.
Coty Sees Weak Quarterly Profit, Withholds Annual Forecasts In 'Transition Year'
Coty has forecast current-quarter earnings below expectations and withheld its annual outlook, calling fiscal 2027 a 'transition year'.
Danone is allowed to acquire Huel for 1 billion euros
Danone has been given the go-ahead to acquire Huel: the British meal-replacement manufacturer has received approval from the competition regulator. The 1 billion euro deal is…
Libstar issues profit warning linked to impairments
South African food company Libstar has warned first-half earnings will decline, with impairments and other non-recurring items holding back profits. The post Libstar issues profit…
Bubs manufacturer wants to buy Dutch candy maker as Swedish candy goes viral
The Swedish company Orkla Snacks wants to acquire The European Candy Group. By acquiring this Dutch candy manufacturer, Orkla will gain additional production capacity, now that…
Alibaba profits hit by AI spending despite strong cloud growth
Alibaba has reported a sharp fall in quarterly profits as the Chinese technology giant ramps up investment in its AI infrastructure. The post Alibaba profits hit by AI spending…
John B. Sanfilippo & Son taps protein window with capacity investment
After “record” sales, John B. Sanfilippo & Son is targeting an additional $300m in revenue growth from new capacity in protein bars. The post John B. Sanfilippo & Son taps protein…
ESM's Retail Wrap – Continente, Mercadona, SOK, Anora, Carrefour Belgium
Continente relaunches recycling initiative, Mercadona expands store network, SOK restructuring plan puts more than 100 jobs at risk.
Alibaba revenue rises 9% to RMB268.95bn as AI Cloud sales surge 45%
Group adjusted EBITDA falls 14% to RMB39.14bn as investment in technology and AI weighs on earnings
Mamas and Papas completes refinancing after FY sales hit £170m
Growth across the period was supported by investment in the brand's direct retail operations
NewsTeam invests ‘heavily’ in anticipation of major supply push
The UK's largest home newspaper delivery company says the market is heading towards a single major distributor for home and retail channels