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Galeria Kaufhof Karstadt, the company that resulted from the merger between German department store chains Karstadt and Galeria Kaufhof, should become profitable again by 2021. This could be achieved without closing any stores, CEO Stephan Fanderl hopes.

Tesco breathes a sigh of relief as the British supermarket group is well underway towards reaching its transformation goals. Turnover and profits both increased in the past financial year.

Carrefour wants to cut 1500 more jobs in France. The affected will mostly be employees in hypermarkets. The supermarket group is hoping to reach a mutual agreement on the cuts.

Belgian Greenyard, which processes fruit and vegetables, has announced a major transformation plan in order to lower its debts. The company has announced to sell its factory in Hungary, divest its Prepared division and cut up to 422 jobs, mostly in the United Kingdom and Germany.