Barry Callebaut CEO on his way to Metro Group

Barry Callebaut CEO on his way to Metro Group

German retail chain Metro Group wants Juergen Steineman, who is to step down as Swiss chocolate manufacturer Barry Callebaut's CEO, to become its new chairman of the board next year, when its current chairman, Franz Markus Haniel, retires.

Part of advisory board in September

Steinemann will take his seat on Metro Group's advisory board in September, replacing Wulf Bernotat. Metro confirmed that the three largest shareholders have already agreed to replace Haniel, who is in charge of the Haniel Group. Haniel previously decided he would partly retire from Metro and lower his stake in the company by a third by 2020. After the shareholders meeting in February 2016, Haniel will hand in his resignation.

 

56-year old Steinemann has worked at animal food manufacturer Nutreco and Unilever and will resign as Barry Callebaut CEO at the end of the month. He will have led the company for 6 years, but will still be the board's vice-president and keep his position in the board of Swiss chemical company Lonza.

 

The Swiss chocolate manufacturer has appointed Antoine de Sainte-Afrique as Juergen Steinemann's successor.

Questions or comments? Please feel free to contact the editors


Gucci files lawsuit against Forever 21

09/08/2017

Fashion label Gucci has decided to file a lawsuit against fashion chain Forever 21 in the United States. According to the plaintiff, the chain copied a very specific design.

Ralph Lauren outperforms expectations

08/08/2017

Fashion label Ralph Lauren’s first quarter was a very good one, as it beat both analysts’ turnover and profit forecasts. It is quite a turnaround for a company that suffered a huge loss only a year ago.

Difficult first quarter for New Look

08/08/2017

British fashion chain New Look’s past quarter was disappointing with a 4 % turnover drop. Its adjusted EBITDA fared much worse, with a 35 % drop.

ING forced to pay Foot Locker compensation

07/08/2017

Dutch ING Bank will have to pay the Dutch and European Foot Locker branches a 300,000 euro in damages. A court decided the fee after Foot Locker was scammed for 1.8 million euro in 2015.

Asics opens its largest store yet in London

04/08/2017

Sports brand Asics opened a new flagship store in London, which is also its largest store in the world. Located in Regent Street, the store will bring together its four labels for the first time ever.

Dutch clothing brand Tumble ’N Dry heads to China

04/08/2017

Dutch clothing brand Tumble ’N Dry will head to China in September, with its own web shop on Alibaba subsidiary, Tmall. It will become the first non-European market for the brand.

Back to top