Maasmechelen Village has 236 million euro in debt

Maasmechelen Village has 236 million euro in debt

24/10/2014 in Fashion

Maasmechelen Village has been around for 13 years, attracts 3 million visitors a year, but has stacked up one loss after another. It now has a 236 million euro debt.

ISIS chooses "peaceful" Libeert as its new name

ISIS chooses "peaceful" Libeert as its new name

24/10/2014 in Food

Belgian chocolate manufacturer ISIS has decided to change its name once again, within 12 months after its previous name change. It will now be called Libeert, as a reference to its owner family.

Online retailer Etsy opens physical store in London

Online retailer Etsy opens physical store in London

24/10/2014 in m-Tail

Online trade platform Etsy will open a pop-up store in Covent Garden, London, in December in order to boost its brand awareness. It is considering a physical store in the future as well.

Guylian opens Chocolate Café in South Korea

Guylian opens Chocolate Café in South Korea

24/10/2014 in Food

Belgian chocolate brand Guylian has opened its first Asian "Belgian Chocolate Café" in South Korea, in a Seoul shopping mall.

Picard will open 250 additional French stores

Picard will open 250 additional French stores

24/10/2014 in Food

French frozen-food chain Picard will open some 250 French stores in the next three years. It also wants to double the international share of its turnover.

& Other Stories opens first Dutch store

& Other Stories opens first Dutch store

24/10/2014 in Fashion

& Other Stories has opened its first Dutch store in Amsterdam, on the Heiligeweg. Swedish H&M's subsidiary moved into a former Intertoys store.

Food wholesaler Huyghebaert (Prima, Cashwell) declared bankrupt

Food wholesaler Huyghebaert (Prima, Cashwell) declared bankrupt

24/10/2014 in Food

Belgian food wholesale company Huyghebaert has been declared bankrupt yesterday. The owner of chains Prima, Cashwell and Uw Buurtwinkel has had a turbulent year, ending in bankruptcy and a possible job loss for 97 people.

Tesco's profit down 92 % as scandal continues

Tesco's profit down 92 % as scandal continues

24/10/2014 in Food

British market leader Tesco has published horrible 6-months results: its British like-for-like turnover fell 4.6 %, while its turnover plummeted 92 %. This goes to show that its profit numbers were blown up more than previously anticipated. ...

Amazon losses keep growing

Amazon losses keep growing

24/10/2014 in m-Tail

E-tail giant Amazon has revealed mediocre quarterly results yesterday as its turnover did not grow as much as expected ('only' up 20 % to 20.58 billion dollars) and losses have grown tenfold.

Metro and Auchan enter international purchasing partnership

Metro and Auchan enter international purchasing partnership

24/10/2014 in General

Metro Group and Auchan have just announced the launch of a new international purchasing alliance with two particular goals: the purchase of international FMCG (fast-moving consumer goods) brands and brand-less non-food items for its own brands. ...

Food

Guylian opens Chocolate Café in South Korea

Guylian opens Chocolate Café in South Korea

Belgian chocolate brand Guylian has opened its first Asian "Belgian Chocolate Café" in South Korea...

Fashion

Maasmechelen Village has 236 million euro in debt

Maasmechelen Village has 236 million euro in debt

Maasmechelen Village has been around for 13 years, attracts 3 million visitors a year, but...