Hugo Boss is launching a new five-year plan, aiming to double its turnover by 2025. The German fashion house wants to attract younger people and is revamping its stores.
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Dutch coffee giant JDE Peet's has seen a resurgence of its hospitality turnover in the second quarter. Nevertheless, its sales growth came primarily from home consumption.
PepsiCo is selling (part of) its juice branch: the soft drink producer is transferring Tropicana, Naked and other juice brands to a new joint venture with French investment group PAI Partners.
The Belgian tax authorities are demanding 380 million euros from Ahold Delhaize. The dispute goes back to the acquisition of the American Delhaize branches during a restructuring in 2018.
Alibaba attracted 45 million new customers in the past quarter. It is the first time that the Chinese e-commerce giant has exceeded 25 billion euros in quarterly turnover, but due to large investments, profitability fell.
The result of the vote on the formation of the first American trade union at Amazon may be declared invalid. The e-commerce giant allegedly pressured its employees to vote against it.
The concept of a "war for talent" is mainly associated with the competition between companies when recruiting engineers and other technical profiles. In the UK, an actual "war for drivers" has erupted, with more and more retailers offering all kinds of financial incentives to attract new truck drivers.
Vietnam has knocked Bangladesh off second place in the international ranking of clothing exporters. While both countries saw their export figures decline due to the coronavirus crisis, the decline in Bangladesh was much steeper.
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Due partly to strict cost control, Heineken more than doubled its operating profit in the first half of the year. Nevertheless, the Dutch beer giant warns that more expensive raw materials are starting to weigh on margins.
In the fourth quarter, Procter & Gamble's sales exceeded analyst expectations. However, the FMCG giant warns that rising raw material and freight costs will weigh on earnings for the current year.
Cosmetics giant L'Oréal managed to increase its market share in all divisions and all regions in the first half of 2021. The company has therefore expressed great confidence about the future.
After several difficult quarters, the tide seems to be turning for Danone. The French dairy giant recorded growth in all segments, although more expensive raw materials weighed down its profit margins.
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Amazon posted sales of more than 100 billion dollars last quarter, for the third time in a row. However, new CEO Andy Jassy starts off on a downbeat because he is unable to match last year's record figures.
Luxembourg's privacy watchdog CNPD has fined Amazon a record 746 million euros for a breach of GDPR.
From now on, American HelloFresh customers can add a range of basic products to their meal package. This is not a first: the service already exists in the Benelux.
Walmart is opening up its e-commerce solutions to other retailers. Through a partnership with Adobe, the supermarket chain will integrate access to its marketplace, as well as its various online and in-store fulfilment and pick-up technologies, into the Adobe Commerce Platform.
Wundermart, a company that installs unstaffed stores in offices, hospitals and hotels, has raised over 10 million euros of fresh capital. The firm intends to use the money to accelerate its international expansion.
Today, Zalando is launching in three additional markets: Croatia, Estonia, and Latvia. Moreover, the company is expanding its partnership programme into six new markets.
In the second quarter, German sportswear brand Puma saw its turnover and profitability rise sharply. All regions and product divisions contributed to the strong growth.
Frozen food giant Iglo is confronting consumers with their responsibility in the collective effort to make the food chain more sustainable. "Efforts to protect the climate and increase sustainability also come at a price that cannot be borne in the long term by manufacturers alone", the company states in a remarkable press release.
Although Nestlé's turnover increased by a mere 1.5 per cent in the past six months, the Swiss company immediately raised its expectations for the full year. Thanks to coffee, keeping the teleworkers awake.
AB InBev saw revenue rise dramatically above pre-pandemic levels in the second quarter, but increased costs kept earnings below expectations.
Milka manufacturer Mondelez is on track after a strong second quarter. Sales rose by 12.4 per cent, and the profit was also higher than expected. The confectionery giant is therefore going on an acquisition spree.
Next week, Lidl will launch the Eco-Score in 171 of its Belgian stores. The label will appear on the price tags of about a hundred food products.
The French retail group Carrefour achieved solid results in the second quarter. The French retail group gained ground, especially in its home country.
Dutch e-tailer Coolblue has announced it will open its third store in Antwerp. It will be three times as big as the current store, its oldest existing store in Belgium. As such, the plans symbolise Coolblue's explosive growth in Belgium.
French chain Fnac Darty is having a run-in with the French courts, who suspect the chain of money laundering and criminal conspiracy. The case revolves around alleged illegal cash transactions at around fifteen stores in and around Paris.
French luxury house Kering has had an excellent second quarter: compared to last year, sales rose by as much as 95 %. Compared to pre-pandemic 2019, there was still a growth of 11 %. The Italian fashion house Gucci performed particularly strongly.
After receiving an unsolicited takeover bid for its British department store chain Selfridges, the Canadian Weston family is now trying to entice other interested parties to come forward through an auction.
Franchisers of Belgian retailer Delhaize threaten to sue their franchisee as its logistical problems continue. Deliveries remain problematic, fuelling franchisers' frustrations.
Spanish fashion chain Mango expects to exceed its pre-pandemic 2019 sales this year, as its half-year figures easily defeated analysts' expectations.
For LVMH, the Covid-19 pandemic seems truly over: the French luxury group sold more Louis Vuitton handbags and Moët champagne in the second quarter and is now on track to significantly exceed its pre-pandemic sales.
Chaudfontaine, a Belgian bottler of spring waters, is facing stock shortages in the short term. Its factory's ground floor got largely destroyed during last week's disastrous floods in Eastern Belgium and Western Germany.