Investments push Tesla into new losses

23 February 2017 in Automotive

American electric car manufacturer Tesla has posted a 121 million dollar (115 million euro) net loss for its fourth quarter. Its previous quarter had resulted in a 21.9 million dollar (20 million euro) profit.

C&A cuts 230 jobs at European headquarters

22 February 2017 in Mode

Clothing chain C&A wants to cut 230 jobs in its European headquarters: 160 in German Düsseldorf and 70 in Belgian Vilvoorde.

Esprit returns to profit in first part of fiscal year

22 February 2017 in Mode

After posting considerable losses in its previous fiscal year, fashion chain Esprit has returned to profitability in the first half of its current fiscal year. The turnaround was the result of fewer discounts and the closure of several onerous stores.

New controversies on Primark's labour policy

21 February 2017 in Mode

Irish fashion chain Primark has seen its labour policy come under scrutiny again in two countries: Dutch employees do not feel they get the respect they deserve, while French employees are on strike demanding higher wages.

Sizeable profit drop for Van de Velde

21 February 2017 in Mode

Belgian lingerie manufacturer Van de Velde saw its profit take a hammering in its fiscal year 2016 due to certain problems in China. Earlier the company had already released its first first turnover decrease in nineteen years.

South Korean family businesses under pressure

20 February 2017 in Algemeen

Several major South Korean family companies - like LG, Hyundai and Samsung - are under pressure because of their tight relationship with the Korean government. The close ties allegedly prohibit new companies from succeeding and also open the gate to corruption.

More turnover and profit for GrandVision in 2016

20 February 2017 in Algemeen

Dutch optician chain GrandVision has raised its turnover and profit in its fiscal year 2016. Pearle's parent company underwent quite an expansion last year, but it also managed like-for-like growth.

Amazon will create 15,000 European jobs in 2017

20 February 2017 in m-Tail

American online powerhouse Amazon aims to create 15,000 new jobs in Europe this year (among which 2,000 in Germany, 1,500 in France and 5,000 jobs in the United Kingdom), as the company looks to expand its logistics network and other services.

"Unified Benelux market could generate billions for retailers"

20 February 2017 in Algemeen

Belgian and Dutch retailers miss out major opportunities if they are not active in each other's country: a unified Benelux market would generate an additional 23 billion euro in turnover and create up to 95,000 new jobs in the retail sector.

Kraft Heinz withdraws Unilever acquisition bid

20 February 2017 in Algemeen

Kraft Heinz has decided to no longer pursue a Unilever acquisition. It had tabled a bid of more than 130 billion euro late last week, but the parties did not come to an agreement.

Food

Discounter Poundland shuts down its web shop

Not even 18 months into its online strategy, British discounter Poundland has announced it will shut down its web shop and focus on the physical stores again. 

  • Danone's profit suffers from more expensive milk

    Dairy manufacturer Danone forecasts a slow profit growth for this year, because of the higher milk prices. By 2020, the company also expects to cut costs by 1 billion euro.

  • Nestlé targets 2 to 4 % turnover growth this year

    Swiss food giant Nestlé has seen its turnover grow 3.2 % last year, which is its slowest growth in the past ten years. The company's brand-new CEO, Mark Schneider, immediately announced a restructuring plan to improve profitability.

  • First 20 American Lidl stores open this summer

    German department store chain Lidl's American expansion is kicking into gear: the chain will open its first twenty American stores in the summer, a year ahead of schedule.

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Fashion

C&A cuts 230 jobs at European headquarters

Clothing chain C&A wants to cut 230 jobs in its European headquarters: 160 in German Düsseldorf and 70 in Belgian Vilvoorde.

  • Esprit returns to profit in first part of fiscal year

    After posting considerable losses in its previous fiscal year, fashion chain Esprit has returned to profitability in the first half of its current fiscal year. The turnaround was the result of fewer discounts and the closure of several onerous stores.

  • New controversies on Primark's labour policy

    Irish fashion chain Primark has seen its labour policy come under scrutiny again in two countries: Dutch employees do not feel they get the respect they deserve, while French employees are on strike demanding higher wages.

  • Sizeable profit drop for Van de Velde

    Belgian lingerie manufacturer Van de Velde saw its profit take a hammering in its fiscal year 2016 due to certain problems in China. Earlier the company had already released its first first turnover decrease in nineteen years.

read more
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