Luxury brand Armani needs to bite the bullet in order to emerge stronger next year. That is what founder Giorgio Armani believes, seeing turnover drop and profits go down by more than half after restructurings.
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After two years of growth exceeding expectations, the wave of profits at Amazon is now coming to an end. Even though sales and profits have increased, analysts expected more.
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Significant sales growth at food manufacturer Nestlé in the first half of the year is mainly due to strong performances on the large American market, to increasing sales in petcare and to the successful launch of Starbucks.
LVMH, the luxury concern behind Louis Vuitton, Dior and others, has had a fantastic start to the year. The French group increased its turnover by 15% and operational profit saw double-digit growth.
French retailer Carrefour is well on track to achieve its ambitious objectives, despite uncertain market conditions. But in France and Belgium, the half-year figures are somewhat disappointing.
While turnover is rising for French retailer Casino, its net loss is also mounting. Reducing debt is now the priority: by the end of 2020, debt should be down to 1.5 billion euros, compared to the 5 billion of today.
FMCG manufacturer Unilever hasn't managed to achieve its expectations for the past quarter: due to the incessant rain in Europe, turnover increased by 3.3% while analysts had predicted 3.7% growth.
Brewery group AB InBev has recorded its strongest volume growth in over five years. The company credits three strong global brands and a continuous premium strategy.
Online furniture discounter Vente-Unique saw its turnover rise by 10% in the past quarter. The 'flash sales' company especially grew beyond its domestic market of France.
German retail group Metro is calling on its shareholders not to accept the EP Global Commerce takeover bid because it would be too low. The food service company has just published sound quarterly results.
Hermès has had a strong first half of the year. The French luxury house saw its turnover rise by 15%. Growth was strongest in Asia, but improved in all regions.
French luxury group Richemont has seen its turnover increase by 12 % in the first quarter of the current financial year, as its online activities grew spectacularly.
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.
Bringing in Italian designer Riccardo Tisci was a fruitful move for British luxury brand Burberry, which performed very well in its latest quarter.
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.
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.