Allemagne

EP Global Commerce, the investment company of Daniel Kretinsky and Patrik Tkac, is increasing its stake in the German Metro group to just under 30 %. The Czech businessman will therefore become its largest shareholder.

Beiersdorf, which produces both professional adhesives and Nivea, can not meet analysts' expectations: the decline in the sale of adhesives to the auto industry was too big to be offset by care products, especially since sales disappointing in that area as well.

The German Metro group published positive quarterly results, especially in Eastern Europe and Asia. Thanks to recovery in Western Europe, the company is performing in line with expectations.

REWE Group and Greenyard have extended their cooperation in the German market to a long-term, vertically integrated partnership for fresh fruit, vegetables and flowers; a dedicated operating unit shall be set up for this purpose.

Zalando tests a second-hand shop for women's fashion items in Berlin, called Zircle. It is the second venture of the German e-tailer into second-hand clothing, following the app Zalando Wardrobe.

Daniel Kretinsky's attempts to acquire 67.5 % of shares in German retailer Metro have failed. The Czech billionaire now wants to take a seat in the Board of Directors.

Hugo Boss has performed slightly below expectations in its second quarter: sales were disappointing, especially in the United States.