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…
Corporate
Vers nieuws uit voeding, dranken, persoonlijke verzorging, huishoudelijke verzorging, retail en FMCG-diensten, automatisch bijgewerkt en gelinkt naar de oorspronkelijke uitgever.
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.
Nestlé Brasil Invests €93m To Expand And Modernise Araçatuba Plant
Nestlé Brasil is investing R$ 540 million (€93.3 million) in its São Paulo facility, which produces infant and medical nutrition.
French Antitrust Greenlights Euralis-Maïsadour Merger
France's competition watchdog has approved the proposed merger of agricultural cooperative groups Euralis and Maïsadour.
Nike resets online distribution in ‘fragmented’ China market
Revenue in the region fell 12% in the brand’s most recent quarter and has been dragging down the company’s turnaround.
Moth secures £11m funding to invest in expansion
Ready-to-drink (RTD) brand Moth has secured £11m in funding, backed by Puma Growth Partners, Beringea and Guinness Ventures, to accelerate its expansion. The brand will invest the…
Frasers presses Hugo Boss, but neither side gives in
Frasers Group increases its stake in Hugo Boss to 30.28%, thereby crossing the German threshold for a mandatory public offer. The British retail group is sticking to the offer of…
Philip Morris Cuts Profit Forecast Again, Ramps Up Investment In Zyn
Philip Morris cut its annual profit forecast for the third time this year, hurt by intensifying competition and negative currency swings.