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…
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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…
Tesco adds Deliveroo and Uber to q-commerce offering
As well as its own Tesco Whoosh service, shoppers at the UK’s largest supermarket will soon be able to order via Deliveroo and Uber Eats. Responding to the growing demand for…
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…
OpenAI ‘rogue’ AI incident raises trust questions for the future of agentic commerce
OpenAI says that one of its advanced AI agent systems effectively hacked another company during a testing exercise. The post OpenAI ‘rogue’ AI incident raises trust questions for…
Harvesting Change: Europe’s Fruit And Vegetable Sector Looks Overseas For Answers
Amid a variety of challenges, Europe’s fruit and vegetable sector is looking overseas for answers. Jimmy Nicholls reports.
Givaudan's Organic Sales Top Market Estimates On Fragrance Strength
Givaudan beats Q2 sales estimates driven by surging fragrance demand, while its flavours unit recovers from a Q1 decline.
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…
Lidl Adds Paw Patrol Characters To Own-Brand Products
Lidl is launching a Paw Patrol collection across its own-brand range, with products that meet the World Health Organisation’s nutritional criteria.
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.
Ocado To Build Robotic Warehouse For European Retailer
Britain's Ocado said it plans to build a large robotic warehouse for a fast-growing European national retailer.