Douglas hints at store closures following loss-making quarter
The Douglas perfume chain is feeling the reluctance of European consumers more and more acutely. In the third quarter, revenue fell slightly, but operating profit took a much…
European FMCG news
Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
Shein targets lower valuation for Hong Kong float after profit slide
For its planned float on the Hong Kong Stock Exchange, Shein has presented investors with a valuation in the mid-to-high $20 billions. The post Shein targets lower valuation for…
On shares plunge as Q2 sales miss expectations despite profit growth
On lowered its full-year sales outlook as second-quarter revenue growth slowed in its largest market
Douglas Core Profit Lags Market Expectations As Beauty Shoppers Seek Deals
Germany's Douglas missed third-quarter core earnings expectations, citing high price sensitivity among consumers in its key European markets.
Haacht Brewery boosts profitability, yet remains in the red
Haacht Brewery has managed to significantly improve its operating profitability, but is still in the red overall. Revenue also declined. Nevertheless, the beer producer sees a…
Sneaker brand On would rather slow down than sacrifice profit margins
Sports shoe brand On posted lower-than-expected revenue in the second quarter. Growth slowed particularly in the Americas. However, the Swiss challenger to Nike and Adidas refuses…
Smithfield Foods Trims Full-Year Forecasts As Consumers Rein In Spending
Smithfield Foods cut its annual total sales and adjusted operating profit forecasts, citing ongoing challenges.
Harrods back in the black after abuse scandal and cyberattacks
Harrods has turned its loss around and returned to profitability in the past fiscal year. The London luxury department store held its ground in a challenging luxury market and…
Harrods returns to profit after Al Fayed compensation costs
The department store reports turnover close to £1.1bn as it recovers from previous annual losses
Bell Food Group Posts Growth In Revenue And Profit In First Half
Bell Food Group has reported what it described as its 'best half-year result' to date, driven by its profitable growth strategy.
67 Pall Mall Shanghai wants to boost the profile of Chinese wine
As the countdown begins to the December opening of London wine club 67 Pall Mall's Shanghai location, founder and CEO Grant Ashton tells Joyce Yip why he believes Shanghai, "the…
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…