In the past quarter, German Henkel - manufacturer of brands like Schwarzkopf, Persil and Pritt - sold more, although the negative impact of the exchange rates meant turnover ended up lower than last year. Luckily for Henkel, profit did increase.
The court in Düsseldorf cancelled the approval German Minister for Economic Affairs and Energy Sigmar Gabriel gave for Edeka's acquisition of Kaiser's Tengelmann. The judge feels the Minister had displayed insufficient levels of objectivity.
German household appliance manufacturer Miele is set to launch a full web shop in November, one that will also sell household appliances. Several retail partners will be enlisted to ship and install everything the customer ordered.
German textile chain KIK is on its way to Antwerp. The discounter is currently mostly active in Eastern Europe, but aims to expand a lot over the next few years, with Belgium as a potential growth area.
The dieselgate scandal may have major repercussions for Volkswagen: it is not unthinkable the German car company will halt its diesel car production. On top of that, its board still faces legal problems.
In its past fiscal year, German DIY chain Hornbach has raised its consolidated turnover by 5 %, partially thanks to a good performance in the Netherlands: its Dutch turnover growth even reached a double-digit growth.
German Metro Group had to allow a 1 % turnover drop in its second quarter, because of its international activities. The German market provided the company with a turnover boost, but that was too small to compensate fully.
The German cartel office Bundeskartellamt has fined several supermarket chains for their share in a price fixing scheme. Edeka, Metro and Netto all kept the prices of several beers artificially high, while AB InBev is also mentioned in the investigation.
Turnover for German group Beiersdorf, parent company for Nivea among other brands, has dropped nearly 2 % in the first quarter. The company points to exchange rate fluctuations, which had a sizeable negative effect.