Heineken subsidiary Alken-Maes in the red
The Belgian brewer Alken-Maes, part of the Heineken Group, ended 2025 with a decline in revenue and a substantial net loss in a shrinking market. The company does not expect to…
Corporate
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Lifeway delivers record revenues in Q2
Gross Profit Margin equaled 19.5%, compared to 28.6% in the prior-year period, primarily reflecting elevated milk prices, temporary increases in resin costs for packaging and…
Nomad Foods slashes EPS forecast on debt restructuring
Nomad Foods has slashed its EPS guidance as the Findus brand owner posted an anticipated decline in second-quarter sales and profits. The post Nomad Foods slashes EPS forecast on…
HelloFresh continues to shrink: “A strategic choice”
HelloFresh has once again reported a decline in revenue and the number of orders for the second quarter of 2026. The company says it is focusing on existing customers with high…
Vafo notches up another acquisition with Pets Deli
Czech pet-food group Vafo has made another acquisition, buying German direct-to-consumer brand Pets Deli for an undisclosed sum. The post Vafo notches up another acquisition with…
Morrisons debt hits £7.52bn following takeover
Supermarket balance sheet weighed down by fresh lease liabilities and mounting preference share obligations
Frasers Group close to Harvey Nichols pre-pack acquisition
Sources close to the negotiations indicate Frasers Group plans to retain all UK retail locations
Sephora opens first Glasgow store as UK expansion accelerates
Sephora has opened the doors to its first Glasgow store at Silverburn as it continues to ramp up its UK expansion. The 4,940 sq ft shop, which opened today, marks Sephora’s second…
Toss secures £660k in investment funding
Condiment brand Toss has secured £660,000 in funding from a collection of venture capital, angel investors, and industry founders. The investment will be used to grow brand…
Apetit issues profit warning as hot weather hits peas
Apetit has cut its full-year profit outlook, citing “challenging” weather conditions in Sweden that are expected to reduce pea crop yields. The post Apetit issues profit warning…
Restaurant chain Exki posts its first profit in six years
For the first time in six years, Exki, the Belgian chain of healthy “fast casual” restaurants, returned to profitability last year, although profits remain very modest. The first…
Coolblue to open second Walloon store in Gosselies
Coolblue is continuing its expansion in French-speaking Belgium. It took a while after the opening of its first Walloon store in Hognoul, but the second one will open in Gosselies…