Charles Vögele turnover drops

Charles Vögele turnover drops

Swiss-based Charles Vögele had to deal with a 2.6 % net turnover drop in 2013, compared to the year before. Despite positive signs in the Benelux, net turnover dropped to 947 million Swiss francs (777 million euro).

Positive Benelux results

Strong drops in core markets Germany and Switzerland resulted in an overall drop, even though the second part of the year was promising with a 1.1 % growth. However, the first part of the year was quite a large drop, with a 4.5 % downfall.

 

The like-for-like revenue in the Benelux area experienced a 2.9 % increase in 2013 and was the third year in a row with an increase. Central and Eastern Europe also has a slight like-for-like turnover increase, with 0.7 %.

 

Charles Vögele decided to move out of several markets and since February 2014, the brand has left the Czech Republic, with Poland to follow by mid-2014. The company did however confirm it would remain present in Hungary.

Questions or comments? Please feel free to contact the editors


AB InBev sells two German beers

17/01/2018

AB InBev has sold German beer brands Diebels and Hasseröder, alongside its breweries, to investment fund CKCF. The new owner wants to invest more in the two beer brands.

Nutella acquires Nestlé's American chocolate division

17/01/2018

Nestlé and Ferrero struck a deal regarding the former’s American chocolate division. The Nutella manufacturer will pay 2.4 billion euro to become the world’s third largest chocolate manufacturer. At the same time, Nestlé can turn its attention to healthier options in the United States.

Macron wants World Heritage recognition for French baguette

15/01/2018

French president Macron and the union of French bakers want to get the French baguette listed as Unesco World Heritage. If it succeeds, it will follow in the footsteps of Belgian beer and pizza from Napoli.

Lactalis recalls 12 million packs of baby milk

15/01/2018

Dairy manufacturer Lactalis is in the eye of the storm in France, because its baby milk has been contaminated with salmonella. It had to recall 12 million packs across 83 countries.

Larger packaging does not always equal lower prices

15/01/2018

Many supermarket items in large packaging are cheaper by the kilo or the liter than small packages, but in some cases, the reverse is true. Much depends on the standard packaging.

Delhaize reshuffles board

15/01/2018

Delhaize just announced it will rearrange its board of directors. New CEO Xavier Piesvaux assembled his team, which contains several familiar names and several newcomers as well. 

Back to top