America wants to block Electrolux - General Electric deal

America wants to block Electrolux - General Electric deal

02/07/2015 in Electronics

American courts might intervene in the deal Swedish Electrolux and General Electric have struck. The former wants to acquire General Electric's household appliance division, but America might scupper the arrangement. ...

Nike founder will step down next year

Nike founder will step down next year

01/07/2015 in Fashion

Phil Knight, Nike founder and chairman, has said he will resign in 2016. He founded the company in 1968, alongside Bill Bowerman, was its CEO until 2004 and has been its chairman for the past 48 years. 

Fashion designer Donna Karan (DKNY) throws in the towel

Fashion designer Donna Karan (DKNY) throws in the towel

01/07/2015 in Fashion

Fashion designer Donna Karan has decided to no longer create new collections for her own company, Donna Karan International. She will stay on in an advisory role and will now turn most of her attention towards her Urban Zen foundation. ...

Ocado invests in technology to entice international partners

Ocado invests in technology to entice international partners

01/07/2015 in Food

British online food retailer Ocado managed an 18 % turnover increase in the first half of its fiscal year, until 17 May. Operational profit grew 11 % but its EBITDA dropped 4 % to 7.2 million British pounds (10.2 million euro), while its net debt mor...

Belgian turnover drop for Hema's first quarter

Belgian turnover drop for Hema's first quarter

01/07/2015 in General

Store chain Hema's turnover dropped nearly 3 % in Belgium and Luxembourg over the course of the first quarter, compared to the first quarter last year. Overall, its turnover did increase, but its net income dropped.

Amazon Prime Now comes to Europe

Amazon Prime Now comes to Europe

30/06/2015 in m-Tail

Amazon's Prime Now service will no longer be exclusive to American customers as the American online giant has now expanded the service to the United Kingdom. British customers will now also experience package deliveries within the hour. ...

Kraft Heinz management takes shape

Kraft Heinz management takes shape

30/06/2015 in Food

A next step in the merger of food giants Kraft Foods and Heinz is the revealing of its new management team, in which Heinz will occupy eight out of the ten seats.

Hermès in eye of the storm after leaked production footage

Hermès in eye of the storm after leaked production footage

30/06/2015 in Fashion

French fashion label Hermès is in the eye of the storm after animal welfare organization PETA published footage of its factories. Hermès manufactures leather-wear and the footage shows the abysmal treatment of crocodiles and alligators in those facil...

German chain to sell islands

German chain to sell islands

30/06/2015 in General

German store chain Tchibo, mainly known for its coffee, will sell 7 island in collaboration with real estate company Vladi Private Island which has several celebrity clients.

German glasses store Mister Spex opens Belgian web shop

German glasses store Mister Spex opens Belgian web shop

30/06/2015 in m-Tail

German online web shop for glasses, Mister Spex, has launched a Dutch version of its web shop, which will service the Netherlands and Belgium for free.

Food

Kraft Heinz management takes shape

Kraft Heinz management takes shape

A next step in the merger of food giants Kraft Foods and Heinz is the...

Fashion

Nike founder will step down next year

Nike founder will step down next year

Phil Knight, Nike founder and chairman, has said he will resign in 2016. He founded...