Lego opent twee winkels in Nederland

Danish toy producer Lego is to open its first two stores in the Netherlands, in Amsterdam and Utrecht. They will open later this year, but well in time for the holiday season, the company says.

Carlos Crespo nu officieel nieuwe CEO Inditex

Carlos Crespo's appointment as CEO of Inditex, which was announced earlier, has been officially confirmed by the Spanish fashion group's general meeting.

Best Prime Day ever boosts competition too

This past Prime Day was the most successful one yet for Amazon – keeping in mind the 'tradition' is still young. The hype surrounding it also gave a boost to its main competitors in e-commerce, however.

European Commissioner Margarethe Vestager is opening an official inquest into Amazon, which she believes is treating the sellers on its platform unfairly.

Swatch struggles with "grey market"

Swiss watchmaker Swatch has seen its turnover and profit drop over the past six months, due to political tensions in China and what it calls the "grey market": unofficial traders selling the watches at discount prices.

Ikea test nieuwe winkelstructuur in Groningen

A global first for the Netherlands: the Ikea store in Groningen is the first where the chain totally redesigns its lay-out and arranges items by price. The store also aims at selling 'full experiences', rather than single pieces of furniture.

Burberry revives under Riccardo Tisci

Bringing in Italian designer Riccardo Tisci was a fruitful move for British luxury brand Burberry, which performed very well in its latest quarter.

Strong growth figures for Jumbo

Dutch supermarket chain Jumbo has achieved a 16.5 % turnover growth this semester, increasing its market share to 21.6 %. Expansion towards Belgium is next on the agenda.

Amazon: Germans and Americans protest Prime Day

Activists and Amazon employees in the United States and Germany are using the two-day discount event Prime Day to protest against several aspects of the e-commerce giant.

Delhaize wijzigt samenstelling directiecomité

Belgian supermarket chain Delhaize is changing the composition of its Board of Directors as Françoise Burlet leaves the company. The EVP Commerce is responsible for buying, marketing, quality and store concepts: those will be divided among two other directors.

AB InBev's initial public offering in Asia won't happen after all.

Belgian beer giant AB InBev has decided to cancel the IPO of its Asian branch: demand for the stock was expected to disappoint due to its launch price, which American investors thought was too high. The supposedly biggest FMCG flotation of all time therefore is no more.

Lutosa wordt Belviva

Frozen potato brand Lutosa is changing its name to Belviva, with which it wants to emphasise its Belgian identity... and avoid legal problems.

Uniqlo parent company keeps growing

Fast Retailing, the Japanese parent company of clothing brand Uniqlo, has seen continued turnover growth in the third quarter. International activities have performed particularly well.

VK wil ‘Amazon-taks’ invoeren

The French government has introduced a tax aimed at large online companies like Amazon. The United Kingdom is looking to follow suit, despite Trump's reprisal threats.

The shareholders of DIY group Kingfisher (which includes such chains as B&Q and Brico Dépôt) are protesting the severance payment of departing CEO Véronique Laury, who would be receiving 552,000 pounds (610,000 euros).

Lady Gaga sells make-up exclusively through Amazon

Pop star Lady Gaga will launch her own beauty brand, called Haus Laboratories, exclusively for Amazon. Starting from September, the label will be for sale in nine countries.

Valérie Chapoulaud-Floquet, the CEO of French liquor group Rémy Cointreau, will be leaving her position at the end of the year, as the group announced "with sadness".

Google employees listen to, and analyse in detail, recordings made by its Home speakers and the Assistant app on smartphones. And all that without clear notification, let alone permission, a Belgian news show claims.

Superdry is sinking deep: the British fashion label has now reached a record loss of more than one hundred million euros, while turnover remains stagnant.

Levi Strauss saw its first quarter on the stock market end on a negative note: there was less profit than envisioned, to the investors' disappointment. Still, sales of the jeans brand went up in every market.