According to the yearly report of the Prijzenobservatorium, an institute of the Belgian Ministry of Economy, food is 13 % more expensive in Belgium than in Holland, 9% than in France and 8% than in Germany. Including non-food, shopping trips are 11.7 % (Netherlands), + 8.6 % (Germany) and + 6.5 % (France) cheaper abroad.
Food far more expensive in Belgium than in Holland
The Dutch Brenninkmeijer family is considering to sell clothing chain C&A according to German magazine Der Spiegel. One option is to sell to Chinese buyers.
Fashion brand Gucci opened a museum and a restaurant for fifty people in Florence. Three-star chef Massimo Bottura will serve high-quality meals there.
French luxury group Kering will get rid of 70 % of German sports brand Puma’s shares and wants to turn its attention to its luxury brands. Puma does not fit into that category.
French luxury group Richemont achieved a 7 % third quarter revenue increase. Unfortunately, exchange rate fluctuations eliminated nearly everything.
Japanese fashion brand Uniqlo’s parent company, Fast Retailing, has posted a record first quarter profit. A huge growth in its foreign sales means they are now larger than its Japanese turnover, for the first time ever.
Belgian lingerie manufacturer Van de Velde managed a slight turnover increase to 208.7 million euro in 2017. Its retail division performed markedly better than its wholesale division.