Costco Tops Estimates As Discount Gas, Bulk Deals Draw Inflation-Weary Shoppers
Costco Wholesale beat quarterly estimates, recording strong comparable sales growth as inflationary pressures drove consumers to its discount gas stations...
Corporate news
Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
FrieslandCampina takes majority stake in Indonesia peer Ultrajaya Milk
Dutch dairy business FrieslandCampina is taking a majority stake in Indonesian peer PT Ultrajaya Milk Industry. The post FrieslandCampina takes majority stake in Indonesia peer…
Zuora bets on AI-powered subscriptions
Zuora, a provider of subscription billing and revenue management software, has launched a new AI capability that allows users to approve and execute operational tasks directly…
Britain's Tesco Invests In Venture Fund To Spur Food Innovation
Tesco has committed £20 million to a venture capital fund launched by Leon Restaurants co-founder Henry Dimbleby to help drive innovation across the...
McDonald’s pilots retail media network in billion-dollar advertising push
McDonald’s has been trialling a new media network in the States, as the fast-food giant looks to turn its digital and physical customer touchpoints into a new advertising revenue…
Another record profit for Lidl’s international division
Lidl's international operations once again posted strong revenue and profit growth in the past fiscal year. The discount retailer appears to be keeping rising costs well under…
AO to report 20% H1 profit jump amid Jessops acquisition
Retailer confirms Jessops acquisition as revenues rise 5.5% across the group
Poundland owner considers separate sale for Irish Dealz division
A buyer could still acquire both businesses together, or Poundland could be sold through a management buyout
Former H&M executive takes on global retail role at Mango
Mango has appointed Katarzyna “Kasia” Niemirowicz Majtas as chief retail officer. The former H&M executive will be responsible for the further expansion of the physical store…
Crosta Mollica And European Pizza Group Combine In €1bn Merger
Crosta Mollica and European Pizza Group have announced a merger to form one of Europe’s largest pizza enterprises.
Delivery Hero CEO Östberg To Stay On Beyond March 2027 Amid Uber's Takeover Bid
Delivery Hero said on Thursday that its co-founder and CEO Niklas Östberg would remain chief executive beyond March 31, 2027.
Bramble fund eyes debut investment after Tesco backing
Tesco is putting £20m ($26.4m) into a fund formed to “speed up change across the UK food system”. The post Bramble fund eyes debut investment after Tesco backing appeared first on…