German brothers Samwer have sold almost half of the shares their investment firm, Global Founders, still holds in Zalando. The brothers’ share in the German online fashion retailers is now less than 5 %.
The first quarter of 2017 proved to be an excellent one for German sports brand Adidas. Turnover grew nearly 20 % and profit did even better with a 30 % increase, mainly thanks to strong performances in North America and China.
Food company Dr. Oetker managed a slight 1.6 % turnover increase in 2016, mostly thanks to its home territory, Germany. It generated a decent growth in this particular market, which still contributes nearly half of the company’s turnover.
German incubator Rocket Internet’s most important companies have continued their turnover growth in 2016. Losses were also lowered and Rocket Internet says it is well on its way to become profitable soon.
German online fashion store Zalando continues to grow vigorously in 2017’s first quarter. The preliminary results show that it will once again publish turnover growth surpassing 20 %, a target the company has set for its full fiscal year as well.
Animal web shop Zooplus' turnover grew 28 % in 2016, compared to the year before. For 2017, it hopes to surpass the 1 billion euro turnover barrier as a first step towards its ultimate goal, which is to surpass 2 billion euro in 2020.
American online powerhouse Amazon aims to create 15,000 new jobs in Europe this year (among which 2,000 in Germany, 1,500 in France and 5,000 jobs in the United Kingdom), as the company looks to expand its logistics network and other services.
French automobile group PSA, which owns brands like Peugeot and Citroën, is in preliminary talks with General Motors to see whether it can merge its own activities with two of GM's brands, German Opel and British Vauxhall.