Hot summer helps Hornbach gain market share
A hot summer and a growing number of people staying home have led to strong results for the DIY chain Hornbach. The retailer is gaining market share in all of its European…
Corporate news
Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
Pepco Lifts Full-Year Profit Forecast As It Closes Strong Fourth Quarter
Pepco Group raised its full-year net profit forecast and announced a new €400 million ($454 million) share buyback programme.
Lindt lowers outlook due to weaker demand
Lindt has revised its full-year guidance and expects a steep decline for organic sales growth from 4 to 6 per cent to 0 to 2 per cent. According to the…
Aldi to invest record £900m as it plots 40 new UK stores
Aldi is ramping up its UK expansion with plans to invest a record £900m next year, including opening more than 40 new supermarkets and expanding its distribution network. It said…
AG Barr profits rise despite £10m summer supply chain hit
AG Barr has reported a rise in revenue ahead of the wider soft drinks market, despite supply disruption during the peak summer trading period. For the 26 weeks ending 1…
Thrift+ owner acquires Hirestreet
CTR Group, which owns secondhand fashion marketplace Thrift+, has acquired fashion rental platform Hirestreet with ambitions to scale its subscription rental model. The…
European parcel tax hits Shein hard: prices rise, profits halve
The new European tax on low-cost packages is hitting Shein’s pricing model hard: operating profit fell by half in the first half of the year. The Chinese fashion giant is raising…
Comvita chair Bridget Coates faces vote of no confidence
Comvita chair Bridget Coates is facing a vote of no confidence amid a call for her removal at the honey maker’s shareholder meeting. The post Comvita chair Bridget Coates faces…
Mondelez hands control of Harmony wheat scheme to ProTerra
Non-profit ProTerra Foundation is taking on the running of Mondelez International's Harmony wheat sustainability programme. The post Mondelez hands control of Harmony wheat scheme…
India’s Anmol Industries files IPO prospectus
Indian biscuit and cake manufacturer Anmol Industries has filed draft papers for an IPO, aiming to raise up to Rs18bn ($187.4m). The post India’s Anmol Industries files IPO…
Asda backs British supplier with £250m investment
Asda has announced a £250m investment in a 10-year partnership with UK-based supplier Len Wright Salads. This agreement builds on 35 years of collaboration between the supermarket…
Asda backs British grower with £250m long-term investment
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