Diageo targets $1 billion savings after FY sales decline
The Smirnoff and Johnnie Walker owner reported a net sales decline of 2% for the year ending 30 June 2026 before unveiling $1.2 billion restructuring plan The post Diageo targets…
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Zizzi to give first 30 students at each of its restaurants in England, Wales and Ireland a free pizza when they buy a drink on results days
Discover what's happening in retail today, Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and much more…
French beauty chain Aroma-Zone to be acquired by Swiss investor
The Swiss investment fund Partners Group announced Thursday that it has entered into exclusive negotiations to acquire the French natural beauty and wellness brand Aroma-Zone from…
Etsy axes 12% of workforce despite strong second-quarter results
The restructuring is expected to be complete by the end of Q3, resulting in around $35m (£26m) in severance, employee benefits and related costs
Frurt continues UK expansion with new Leicester service branch
Discover what's happening in retail today, Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and much more…
Ralph Lauren reports higher-than-expected growth in turnover and profit
Ralph Lauren closed the first quarter of its fiscal year with net revenue of $1.96 billion (approximately 1.7 billion euros), up 14% from a year earlier. Following this…
Struggling Diageo to cut costs by more than a billion
Beverage manufacturer Diageo, owner of Johnnie Walker, Smirnoff, and Baileys, plans to make significant cost cuts following a decline in revenue, while simultaneously investing in…
Ebay lifts FY outlook as luxury, collectibles and resale sales climb
Marketplace raises revenue guidance following higher earnings, improved margins and double-digit growth across key categories
Lewis bets on Guinness and RTDs in Diageo recovery strategy
Sir Dave Lewis is going deep with cost cutting at Diageo, but he is also intent on restructuring the business to unlock greater value from its portfolio, writes Ron Emler. The…
Edeka-tegut Merger - German Regulator Flags Competition Concerns
Preliminary assessment from Germany's competition regulator has identified competition concerns regarding the merger of Edeka and tegut.
Mr. Marvis breaks the 100 million euro mark and doubles profits
The Dutch pants brand Mr Marvis is doing well: in 2025, its revenue exceeded 100 million euros for the first time, and its profits doubled. Significant marketing investments…
DoorDash Projects Strong Growth As Delivery Demand Holds Firm
DoorDash forecast Q3 gross order value and core profit above Wall Street estimates after topping results for the prior three months.