British-Dutch FMCG giant Unilever has been suffering from currency fluctuations in the past quarter. Turnover decreased by 4.8 %, but without those fluctuations there would have been a 3.8 % increase. Still, even that growth number was below analysts' expectations of a 4.3 % rise.
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The announcement this summer that Alibaba might open a distribution centre in Liège, Belgium, was met with a lot of jealousy in the Netherlands. Prime Minister Mark Rutte has now received founder Jack Ma personally in order to try to change his mind.
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Decathlon, which currently operates fourteen sports stores in the Netherlands, plans to double the number of stores in the long term. The French group targets both city shops and peripheral stores, evenly distributed.
Belgian kitchen chain èggo continues its expansion: the Netherlands has become the fourth country in which the company is active, while in Belgium plans are revealed for a fiftieth store.
Dutch brewery group Heineken has lowered its financial year's expectations as its profit suffers from increasing competition with AB InBev. Still, turnover and volume were able to take advantage of the beautiful weather in Europe.
Online sales are detrimental to the business model of physical stores. That is the conclusion of financial specialist Marshoek, who however claims that supermarkets just have to go through with it.
One in three British Unilever shareholders voted against the company’s proposed remuneration plan. Investors in the Dutch part of the (currently) British-Dutch company will vote on the plan as well.
Picnic Germany is highly ambitious: the Dutch online supermarket targets profit in North Rhine Westphalia within six months. Picnic is also expanding its delivery service in the Netherlands, to Noord Brabant.
The Financial Times believes Rotterdam is in pole position to become the British-Dutch Unilever’s new main office, rather than London. The business paper claims the information comes from political insiders.
Danish jewelry formula Amazing Jewelry will now also enter the Dutch market, after it had already entered the Belgian market last year. The “Zara of the jewelry industry” recently signed a master franchise deal and the first store will open in Utrecht.
Unilever has surpassed the 50 billion euro turnover mark, even without its margarine division. The British-Dutch food and personal care giant experienced growth, particularly with its brands Dove and Knorr.
Unilever previously said it no longer wants to operate two main offices, spread across the Netherlands and the United Kingdom, but the decision about which one will prevail has been postponed.
Unilever has started its search for CEO Paul Polman’s successor. It enlisted headhunter Egon Zehnder, which will now search for possible candidates.
Canadian Hudson’s Bay Company has seen its turnover grew a lot in 2016, mainly thanks to its acquisitions of German Galeria Kaufhof and Belgian Inno. However, it also suffered a huge loss last year.
Dutch Amazon.de customers will now be able to browse the site in their own native language. Customer service is now also made available in Dutch.
American Starbucks still uses the tax construction it agreed upon with the Dutch government, even though the European Commission considers it to be illegal.