First AVA city store exceeds expectations
The compact city store that AVA opened in late August in downtown Leuven is off to a strong start: the initial results are exceeding expectations, especially in the office…
Corporate news
Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
Gimber turns to profit thanks to cans and sharper focus
After a few difficult years, Gimber has returned to profitability. The Belgian ginger drink brand cut costs and expanded into export markets, while cans and new flavors are…
JD Sports sales fall 0.7% to £5.9bn as adjusted PBT drops 19.7%
Sportswear retailer maintains guidance despite lower first-half sales as statutory pre-tax profit climbs 74.6%
Co-op Group HY sales rise 2.4% despite weak consumer demand
Co-op invests in food deals, discounts and Aldi price-matching to drive trade and footfall
Huws Gray’s CEO & CFO on turning rapid growth into a national retail platform
After a period of acquisition-led expansion, Huws Gray is investing in training, technology and a single national identity. CEO Daksh Gupta and CFO Jon White explain how the…
Müller in talks to acquire dairy peer Vogtlandmilch
Germany's Unternehmensgruppe Theo Müller has confirmed it is in talks to acquire local dairy peer Vogtlandmilch. The post Müller in talks to acquire dairy peer Vogtlandmilch…
Kingfisher raises profit guidance despite weaker B&Q sales
The group's H1 adjusted pre-tax profit rose 9.9% to £404m as total sales including marketplace activity grew 1.6%
BrewDog launches ‘Under New Ownership’ campaign with £50m Tilray backing
BrewDog has launched its first major marketing campaign under Tilray ownership, backed by £50m of investment and a raft of grocery, convenience and on-trade promotions. The “Under…
E-commerce is growing the fastest in Southern and Eastern Europe
Total European e-commerce revenue rose by 7% last year, from 842 billion euros to 911 billion euros. Although all regions showed growth, the pace varied. European regulations and…
Joe & Seph’s lands £100k Saudi supermarket deal with government backing
Joe & Seph’s has secured a £100,000 export deal with one of Saudi Arabia’s largest supermarket groups as the London-based popcorn brand steps up its international expansion. The…
First crack in promised continuity following Flying Tiger acquisition
Less than six months after Modella Capital promised to support the existing management team following its acquisition of Flying Tiger Copenhagen, Chief Financial Officer Christian…
Nestlé’s Russia destiny looks doomed with “sizeable” revenue hit on exit
It’s plausible Nestlé will have to write-off Russian assets following the Kremlin’s seizure of its operations, with a “sizeable” revenue hit. The post Nestlé’s Russia destiny…