Tesco acquires three shops from Proudfoot Group
Tesco has reportedly bought three shops from family run independent supermarket chain Proudfoot Group.
Corporate news
Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
Naked Wines posts mixed full-year results
Naked Wines has reported mixed full-year results for the 52 weeks ended on 30 March 2026, with revenue decreasing by 20 per cent year-on-year to £199.1m. The brand’s adjusted…
Sligro gains customers despite weak hospitality market
Sligro Food Group gained market share in the Netherlands and Belgium in the first half of 2026. However, profitability fell sharply. Revenue for the foodservice wholesaler is also…
Oatly ups revenue forecast as Europe outperforms on volumes
Oatly has raised its forecast for underlying sales after growth in North America and overseas, although the oat-drinks maker remains loss-making. The post Oatly ups revenue…
How Belgium and Portugal saved Fnac Darty’s first half (of the year)
Fnac Darty posted virtually no revenue growth in the first half of 2026. Although Belgium, Luxembourg, and especially Portugal saw solid growth, the electronics retailer saw sales…
JD Wetherspoon issues fourth profit warning as food and labour costs bite
JD Wetherspoon has warned that annual profits will fall below expectations after weaker-than-anticipated fourth-quarter sales combined with mounting food, labour and energy costs…
EU outlines its objections to JD.com’s acquisition of MediaMarkt
The European Commission is taking a new step in the proceedings regarding JD.com's planned acquisition of MediaMarkt owner Ceconomy. Specifically, the EU is investigating whether…
Nestlé strikes €3bn waters deal as sales beat forecasts
Nestlé has agreed to place its global water business into a €4.9bn (£4.3bn) joint venture as the KitKat and Nescafé maker posted better-than-expected second-quarter sales growth…
Diageo teams face cuts of up to 30% in major cost overhaul
Diageo is cutting up to 30 per cent of roles across some teams as new chief executive Sir Dave ‘Drastic Dave’ Lewis launches a sweeping restructuring of the Guinness and…
Turnaround at Carrefour Belgium: first operating profit in five years
Despite a declining market share and revenue under pressure, Carrefour in Belgium posted an operating profit last year for the first time since 2021. However, the retailer…
Price cuts drive double-digit growth at Action
Price cuts, expansion, a growing customer base, and strong demand for summer products helped Action achieve a 14% increase in revenue in the first half of the year. However, the…
Nestlé Beats Q2 Organic Sales Expectations, Forms Waters Joint Venture
Nestlé beats Q2 sales expectations and is targeting €3bn from a new waters joint venture with Platinum Equity.