Aldi to open seven UK stores in November, creating up to 210 jobs
Supermarket chain accelerates national expansion with £370m property investment
Corporate
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Revolution Beauty narrows H1 loss to £1.9m as turnaround gathers pace
Adjusted EBITDA moves into profit at £2m, while gross margin rises to 43.6% and online sales increase 22%
Reckitt Lowers Annual Guidance On Manufacturing Struggles In North America
Reckitt lowered its annual revenue forecast as weak consumer demand and North American manufacturing constraints weighed on Q3 growth.
Aryzta To Consolidate German Operations, Completes Second French Bolt-On Acquisition
Aryzta has announced plans to consolidate its German retail and foodservice manufacturing operations at Eisleben in Germany.
Competition regulator blocks Unox deal between Unilever and Zwanenberg
If Zwanenberg Food Group acquires the Unox and Zwan brands from Unilever, it could lead to higher prices for smoked sausages, cooked sausages, and soups, fears the Dutch…
Reckitt posts mixed third quarter results, lowers outlook
Household goods manufacturer Reckitt posted mixed third quarter results with like-for-like net revenue increasing by 3.3 per cent year-on-year to approximately £2.7bn. Reckitt’s…
Looking East: Rud Pedersen On Central Asia’s Retail Prospects
Rud Pedersen discusses Central Asia’s grocery retail prospects as Umai Holding plans to acquire Kazakhstan’s Vkusnaya Korzinka.
Rising Costs Squeeze Profits Across Serbia’s Retail Sector – APR
Serbia’s biggest retailers face rising operating expenses, eroding profit margins, and mounting financial losses, notes APR.
Aldi to open seven stores in November amid £370m investment
Aldi will open seven new stores across the UK in November, creating up to 210 jobs as the supermarket continues to expand its estate.
Marks & Spencer Invests In Cutting Meat Prices To Support British Farmers
UK retailer Marks & Spencer has announced an investment to lower prices of select British meat products as it seeks to support local farmers.
Actus Nutrition acquires Erie Foods
Erie Foods began in 1938 as a casein manufacturer and has grown over nearly nine decades into a supplier of dairy protein ingredients and custom processing services for the food…
Zevia nabs $20M investment to fund turnaround
The money from GP Investments will help the better-for-you soda brand diversify its product offerings and increase distribution.