Michael Kors a drag in Q1 as Jimmy Choo kicks revenue up 10%
Owner Capri Holdings suffered from woes at its larger label, as total revenue fell more than 3% compared to last year, though margins and profits expanded.
Corporate news
Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
Scandi Standard Acquires Ireland's Glenhaven Foods For €127m
Swedish poultry producer Scandi Standard has signed a definitive agreement to acquire Ireland-based Glenhaven Foods for €127 million.
The biggest food M&A deals of 2026 so far
Companies focused on clean-label ingredients and high-protein made up the bulk of acquisition activity as big brands strategically capitalize on new trends.
Former Carrefour CEO Daniel Bernard has died
Daniel Bernard, who served as CEO of Carrefour from 1998 to 2005, passed away on the night of August 4–5. He expanded the retailer’s international operations, oversaw the merger…
Michael Kors’ disappointing performance weighs on Capri Holdings’ results
Capri Holdings saw a decline in revenue in the first quarter of its fiscal year, primarily due to Michael Kors's underperformance, despite strong results from Jimmy Choo.
Kraft Heinz Raises Forecasts As New CEO's Turnaround Push Drives Sales Beat
Kraft Heinz raised its annual outlook after quarterly sales beat estimates, as price increases offset weaker volumes across key markets.
Organic distributor Marma acquires eight brands from Distribio
Consolidation in the organic sector continues: Starting August 1, Marma of Tienen will take over the distribution of eight organic food brands from Distribio. Both companies hope…
Daily Pour acquires The Rum Lab events portfolio
Media and events platform The Daily Pour has bought rum festival organiser The Rum Lab and its affiliated events The post Daily Pour acquires The Rum Lab events portfolio appeared…
Shein worth only half as much at IPO
Shein plans to go public on the Hong Kong Stock Exchange this month and is aiming for a valuation of 30 to 40 billion U.S. dollars. That is much less than the fashion giant was…
UK on brink of decades-low cereal crop – research
The UK faces its worst cereal and oilseed harvests in decades as heatwaves and droughts cut yields, a non-profit has warned. The post UK on brink of decades-low cereal crop –…
Bottler Coca-Cola HBC Lifts Profit Forecast As Demand Stays Strong
Switzerland-based bottler Coca-Cola HBC narrowed its annual organic operating profit growth towards the higher side of its forecast range.
Casa Bacardí ploughs millions into expansion
Puerto Rican rum Bacardí has opened its barrel warehouses to the public for the first time following a multi-million-dollar expansion The post Casa Bacardí ploughs millions into…