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.
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Hema had a bumpy ride last year: comparable turnover dropped and losses increased due to the change in ownership. The department store chain is therefore making some bold choices: it's selling its bakeries and developing wholesale activities for the first time.
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Luxury group LVMH, known as the parent company of Louis Vuitton, Moët & Chandon and others, has had a record year: profits went up by as much as 21% and exceeded the record height of 10 billion euros. How? By embracing exclusivity.
Fruit and vegetable company Greenyard keeps losing turnover and profit. The company has appointed a transformation team and is in talks with the banks, hoping to find a solution for their mounting debts.
After years of losses, Hema now experienced its second profitable quarter in a row. The department store chain is also happy with its annual turnover: it published a 1,235.5 million euro record turnover, a 3.5 % increase.
German retail group Rewe achieved a 57.8 billion euro turnover in 2017, which represents a 6.7 % increase. That was an above-average growth, mainly thanks to its own Rewe supermarkets.
Belgian viticulture had to deal with weak weather conditions for the second year in a row. Nevertheless, the industry has performed well, with a 12 % production increase and a growing number of growers.
Online luxury retailer Yoox Net-A-Porter has shown increased sales in the Middle East across 2017, but its profit did suffer. Nevertheless, the fashion retailer believes it will reach its five-year target.
German online company Otto Group saw its turnover grow 10.9 % to 7.76 billion euro in the past fiscal year. The former mail order company will continue to invest in start-ups and technology.