The British fashion chains Topshop and Topman ended their previous financial year with a loss of 505 million pounds (567,50 million euros) before tax. The group is now planning a major restructure, which will put thousands of jobs at risk.
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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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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.
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.
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.