China aims to block European investigation into MediaMarkt acquisition
China is instructing its companies and institutions not to cooperate with the European investigation into the Chinese e-commerce giant JD.com. The Ministry of Justice in Beijing…
Corporate
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JD Sports is struggling in the U.S.
The British retailer JD Sports is seeing its revenue continue to decline and expects lower profits, primarily due to weak consumer confidence in the U.S. In Europe, however, the…
Poundland Could Face Another Ownership Change A Year After Takeover
Poundland could face a second round of ownership change as Gordon Brothers is reportedly considering a sale of the UK discount chain.
Estée Lauder Forecasts Strong Annual Profit On Resilient Fragrance Demand
Estée Lauder forecasts profit above Wall Street estimates as premium fragrance demand and China growth support its turnaround.
Where SNAP participation has fallen the most
All but one state saw a year-over-year drop in the number of people enrolled in the food assistance program in April.
Diageo cut nearly 2K jobs during restructuring
The Guinness owner said its headcount has declined by more than 6% as it prepares a $1 billion savings plan.
Land O' Lakes introduces Snack Cheese Cubes
The company also continued expansion of its Deli American in dairy cases nationwide.
Spain's Dcoop Offers €470m For Olive Oil Leader Deoleo, Report Says
Spanish agri-food cooperative Dcoop has offered €470 million ($545 million) to buy a 57% stake in olive oil producer and marketer Deoleo.
Gordon Brothers considers selling Poundland
Gordon Brothers, the owner of the British discount retailer Poundland, is considering selling the chain—which still has about 600 stores—just over a year after the acquisition.
CMA warns fuel retailers over slow price cuts as margins remain high
Fuel retailers have been criticised by the CMA for failing to pass falling wholesale costs on to motorists quickly enough, as the competition watchdog warned that profit margins…
Carlsberg can rely on soft drinks and non-alcoholic beverages
Carlsberg is raising its profit forecast despite a disappointing first half of the year. The Danish brewer is seeing synergies from the acquisition of soft drink maker Britvic…
Klarna cuts revenue outlook as European retail slowdown hits
Klarna has slashed its full-year revenue and sales volume forecasts as weaker consumer spending across Europe, particularly in Germany, weighs on the company. The payments firm…